Environment

Staff Reporter

, Indonesia

Published:

12 years ago

Indika Energy funds coal expansion projects

Indonesian coal producer PT Indika Energy Tbk will use a US$110 million loan to finance its expansion plans this year.

The loan from state-owned Bank Mandiri will be used as working capital for the company. Indika Energy is Indonesia’s leading integrated energy company.

Indika president director Arsjad Risjad, said the company plans to spend US$442 million this year to help finance the expansion of two of its subsidiaries: Petrosea (a mining and construction contractor) and Mitrabahtera Segara Sejati (a coal transportation and logistics services company).

The company will spend US$256 million to finance the expansion of Petrosea and Mitrabahtera. It will spend another US$130 million to finance the expansion of coal miner Multi Tambangjaya Utama over the next five years and another US$59 million for oil and gas exploration firm Mitra Energi.

Indika Energy has forecast its coal production at 37 million tons this year.

Also Read

Indonesia’s latest power plan could undermine climate goals: Ember

Thailand leads low-carbon initiatives in Asia

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

ACEN’s net income up 27% in 2024

Thanks to new renewable plants operationalised last year.

18 hours ago

Japan’s Cabinet OKs bill allowing offshore wind projects in EEZ

The government will designate areas for the installation.

19 hours ago

India adds nearly 7 GW of solar open-access capacity in 2024

Thanks to cheaper Chinese modules.

Technology

19 hours ago

Sunsure Energy bags INR 129 crore financing for Uttar Pradesh solar plant

The plant will generate 72 million units of power annually.

Lending & Credit

19 hours ago

Exclusives

Southeast Asia’s green transition to get $700m investment boost

The funding will cover solar, wind, and hydropower projects.

Project

5 days ago

Singapore's hydrogen gas turbine market heats up

The city-state’s hydrogen-powered plants are expected to cut its carbon emissions.

Project

Eyes on nuclear, hybrid power in 2025

There is nuclear resurgence in Japan and Korea, and high battery storage demand in India.

Power Utility

Indonesia leads race to build SMRs in Southeast Asia

The Philippines and Thailand are also pushing the tech but they haven’t made much progress.

Regulation

Event News

Co-Written / Partner ROCFILL VENTURE LIMITED revolutionises water conservation and water treatment industry with cutting-edge technology

With a remarkable reputation and partnerships with industry giants, ROCFILL is becoming a leading solution provider for global clients in the water conservation and water treatment industry.