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’s net profit slips 12% to $880m in H1

Revenue decreased by 15% to $2.97b in the period.

Adaro’s net profit slips 12% to $880m in H1

Revenue decreased by 15% to $2.97b in the period.

Adaro Energy core earnings up 11% YoY to $538m in Q1

Its net revenue increased by 50% reaching around $1.8b.

Adaro Energy net profit jumps 366% YoY in first nine months

This is on the back of the rise in 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.