TOBA and PLN NP’s subsidiaries to form a JV
30 Apr 2024 13:00
PT Batam Tirta Surya (BTS) and PT PLN Nusantara Renewables (PLN NR) will form a joint venture engaged in the renewable energy sector.
Medco Energi sets up IDR 200 billion for shares buyback
19 Apr 2024 19:58
PT Medco Energi Internasional Tbk (MEDC) is scheduling a shares buyback with a budget set to IDR 200 billion or equal to USD 12.5 million.
Strengthening renewable energy business, TOBA to pair up with PLN for JV
17 Apr 2024 09:01
PT TBS Energi Utama Tbk (TOBA), a coal mining company, now transforming to renewable energy, has established a joint venture (JV) with PT PLN Nusantara Renewables (PLN NR).
Enhancing power plant business, ITMA to acquire 3 PLTU
02 Apr 2024 14:09
PT Sumber Energi Andalan Tbk (ITMA), a mining and energy company, previously known as Itama Ranoraya, has acquired 25% of PT Oksigen Natural Esa (ONE) from 1st Finansial Company Limited (FFCL).
Energi Mega Persada to conclude acquisition 2 active blocks in Riau
26 Mar 2024 17:49
PT Energi Mega Persada Tbk (ENRG), an oil and gas company under Bakrie Group, has completed the acquisition of 2 active oil assets with ongoing production in Riau.
Bakrie Group’s oil and gas company discovers new natural gas source worth IDR 1.57 trillion
07 Mar 2024 10:52
EMP Bentu Limited, a subsidiary of PT Energi Mega Persada Tbk (ENRG), the operator and full owner of interest participation of Bentu Block, has reportedly discovered a new gas-in-place source of 126 billion cubic feet from its drilling activity in CEN-01 gas well.
Astra net profit jumps 17%, ready to distribute dividend IDR 421 per share
27 Feb 2024 18:47
PT Astra International Tbk (ASII) recorded a consolidated net profit of IDR 33.84 trillion by the end of 2023. The growth in profit performance was dominated by the infrastructure and logistics, financial services, and automotive business lines.
TBS Energi Utama announces acquisition of waste processing company
29 Jan 2024 12:25
PT TBS Energi Utama Tbk (TOBA), a coal producer which is now focusing on renewable energy infrastructure, has acquired waste management company ARAH Environmental (AE).
Expanding to wood pellets, MBAP’s subsidiary granted USD 51.2 million loan from NISP
27 Dec 2023 11:57
PT Malinau Hijau Nusantara (MHL), a subsidiary of PT Mitrabara Adiperdana Tbk (MBAP), has signed a loan facility agreement worth a total of USD 51.2 million with PT Bank OCBC NISP Tbk (NISP).
BREN to acquire several renewable energy companies
15 Dec 2023 15:57
PT Barito Wind Energy (BEW), a subsidiary of PT Barito Renewables Energy Tbk (BREN), has taken over several companies engaged in the new and renewable energy sector.