SOE Minister Invites PLN To Cooperate With Electric Batteries With Chinese Energy Companies

JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir invited PT Perusahaan Listrik Nasional (Persero) or PLN and Indonesia Battery Corporation (IBC) to form a partnership with Fultur Consortium regarding the development of electric vehicle battery technology.

According to Erick, cooperation at the global level will play an important role in Indonesia's economic growth and build a solid foundation for domestic companies in the future of the global economy.

Furthermore, Erick said the Indonesian government is very serious about encouraging domestic companies to establish global collaboration in the development of the electric vehicle ecosystem.

For years we have witnessed the extraordinary progress and achievements of our domestic and international market. This extraordinary achievement can be seen from Indonesia's growing net profit and State Owned Enterprises (SOE) consolidation," he said in an official statement, written Tuesday, July 4.

Meanwhile, PLN's Retail and Commerce Director Edi Srimulyanti said that during a visit to Hong Kong, PLN accompanied Indonesia Battery Corporation (IBC) to establish a partnership with Fultur Consortium regarding the development of electric vehicle battery technology.

Edi said that this collaboration is a strategic step to build an electric vehicle ecosystem in the country.

They already have the technology, especially to produce electric vehicle batteries. So, from this partnership we can develop the technology," he said.

Through collaboration with Fulcum, IBC is expected to develop and become a world-class battery company. So that Indonesia, which has the majority of raw materials for electric vehicle batteries, can be maximized.

PLN is one of the shareholders in IBC. This collaboration is PLN's step to continue to provide infrastructure so that electric vehicle users are more comfortable, because the battery infrastructure and charging are sufficient, then the battery exchange place is also increasing," explained Edi.

IBC President Director Toto Nugroho said the IBC partnership with Fultur was not only strategic in terms of technology, but also EV business arrangement.

This collaboration aims to open up investment opportunities in the energy business chain, especially electric vehicles.

This opens up our great opportunity to explore battery resources, the majority of which Indonesia has. This partnership is very strategic because we need collaboration in technology and China has been developing it for years," Toto concluded.