JAKARTA – PT Hero Global Investment Tbk (HGII) is targeting a threefold increase in revenue and net profit in 2025.

Hugo Feber Parluhutan Silalahi, HGII's Finance Director, stated in a post-IPO press conference on Thursday (9/1) that the company aims for revenue of IDR 95 billion and a net profit of IDR 35 billion in 2025.

"The growth in revenue and profit this year is expected to be around three times what was achieved last year, driven by contributions from three existing projects," he said.

Currently, HGII owns three existing projects. Two of them are the Parmonangan-1 Mini Hydro Power Plant (PLTM) with a capacity of 9 MW and the Parmonangan-2 Mini Hydro Power Plant with a capacity of 10 MW, both located in Manalu Dolok Village, Parmonangan District, North Tapanuli Regency, North Sumatra Province.

"These renewable energy plants operate under a power purchase agreement with PT Perusahaan Listrik Negara (Persero) or PLN," he added.

HGII also holds a minority stake in the Ujung Batu 3 MW Biogas Power Plant (PLTBg) located in Riau Province. The Ujung Batu PLTBg is managed by PT Pasadena Biofuels Mandiri.

Additionally, the company revealed plans for two expansion projects, both located in North Sumatra. These include the construction of a 25 MW Hydropower Plant (PLTA) and a 10 MW Mini Hydro Power Plant (PLTM).

Robin Sunyoto, HGII's President Director, stated that the 25 MW PLTA is scheduled to begin construction this year, while the 10 MW PLTM is projected to enter the construction phase in 2026.

"Both plants are targeted to commence commercial operations by 2028," Sunyoto added during the same event. (DK/ZH)