Indonesian state miner completes 20% stake buy in Vale unit for 5.52t rupiah
Indonesia’s state miner Mining Industry Indonesia (Mind Id), formerly known as Inalum, completed its purchase of a 20 percent stake in nickel miner Vale Indonesia, the country’s state-owned enterprises ministry said on Thursday.
Indonesia’s power sector is open for business
Indonesia has traditionally been a country with a challenging investment landscape. The panel acknowledged how constantly changing regulations, exchange rate fluctuations and licensing red tape have thwarted project development.
Energy heavyweight Medco books $95m loss in first half
PT Medco Energi Internasional, Indonesia’s second-biggest homegrown oil and gas company, booked a US$95 million loss in the first half of this year, following a collapse in domestic and global energy demand.
Danone-AQUA, Coca Cola Amatil Indonesia use rooftop solar panels at power plants
Bottled water manufacturer Danone-AQUA and soft drink manufacturer Coca Cola Amatil Indonesia have installed rooftop solar power systems at their respective plants, as the companies aim to boost the use of renewables and cut emissions.
Environment and Forestry Ministry launches 2020 Climate Festival
The Ministry of Environment and Forestry officially opened the 2020 Climate Festival as part of the endeavors to publicize about Indonesia’s climate control policy.
PT Geo Dipa Energi sets ambitious 1,020 MW by 2035 development target in Indonesia
State-owned PT Geo Dipa Energi has set itself an ambitious 1,020 MW by 2035 development targets with expansions of around 400 MW each at Dieng and Patuha and additional projects.
This year’s geothermal investment in Indonesia lagging behind expectations
With so far $302 million of investment into geothermal development in Indonesia in 2020, this lags behind the 2020 target of US$ 1.05 billion.
Indonesia says in early talks with Tesla on potential investment
Indonesia’s government is in early discussions with electric vehicles maker Tesla Inc TSLA.O about a potential investment in the Southeast Asia country, a major producer of nickel, an official said.
