JAKARTA – Indonesian capital market welcomes another new and renewable energy player, PT Hero Global Investment Tbk (HGII), which debuted on Indonesia Stock Exchange, Thursday (9/1).

In the press conference, Robin Sunyoto, President Director of HGII, outlined the allocation of IPO proceeds that reached IDR 260 billion for the development of Hydroelectric Power Plant (PLTA) and Mini-hydro Power Plant (PLTM) projects.

“Approximately 67% [of the proceeds] will be used for the development of PLTA 25 MW. Another 31% will be utilised for the development of PLTM with a capacity of 10 MW,” added Sunyoto.

In addition, Sunyoto also confirmed that HGII has secured a new strategic partner from Japan, Shikoku Electric Power Co. Inc. (Yonden).

Watch the video for further insights into the company’s outlook and business plans for the year.

 

Full news coverage can be accessed here:

https://www.idnfinancials.com/id/news/51986/listed-hgii-eyes-idr-profit

https://www.idnfinancials.com/id/news/51982/debuting-hgii-jump-morning-session

(ZH)