Adaro Energy
PT Adaro Indonesia (AI) is the Adaro Group’s largest mining company, which mainly runs coal mining operations in South Kalimantan and Central Kalimantan under a Coal Cooperation Agreement (CCA) with the Government of Indonesia until 2022 with the right to extend the contract period based on the terms and conditions in the PKP2B and the applicable laws and regulations. AI is owned by Electricity Generating Authority of Thailand International Company Limited (EGATi), a state-owned electricity company of Thailand, and AE’s subsidiary, with 11.5% and 88.5% ownership stakes, respectively. ATA has direct and indirect ownership of AI.
Adaro Energy core earnings up 11% YoY to $538m in Q1
Its net revenue increased by 50% reaching around $1.8b.
Adaro core earnings surge 140% YoY to $3.01b in 2022
Its revenue hit a record-high $8.1b.
Adaro Energy net profit jumps 366% YoY in first nine months
This is on the back of the rise in average selling prices.
Adaro Energy's net profit soars 611% YoY to $1.3b in H1 2022
Thanks to higher average selling prices.
What can Adaro Power contribute to the shift to a green economy?
The company developed renewable power projects and wanted to make sure that its plans will be achieved in a just manner.
Commentary
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