The Mining Company Owned By The Conglomerate Agus Lasmono Sudwikatmono, Develops PLTS Business

JAKARTA - PT Indika Energy has solidified its commitment to developing Solar Power Plants (PLTS) by establishing PT Empat Mitra Indika Tenaga Surya (EMITS). Indika Energy, a company owned by conglomerate Agus Lasmono Sudwikatmono, is working with Fourth Partner Energy (4PEL), a solar power development company from India.

"This collaboration is a manifestation of Indika Energy's commitment to diversifying its business portfolio, achieving sustainability goals, improving environmental, social, governance (ESG) performance, and supporting government efforts to achieve the energy mix (EBT) target of 23 percent by 2025", said the Director Indika Energy Arsjad Rasjid in his statement, quoted from Antara, Saturday, March 6.

The establishment of this new company will contribute to the achievement of Indika Energy's commitment to increase the share of revenue from the non-coal sector by 50 percent by 2025.

"EMITS presents a variety of renewable energy development solutions for the commercial and industrial sectors in Indonesia", said Arsjad.

Fourth Partner Energy Co-Founder and Executive Director Vivek Subramanian said that the collaboration with Indika Energy is the company's expansion strategy into the Southeast Asian market.

Fourth Partner Energy is India's leading provider of solar energy solutions with a focus on the commercial and industrial sectors.

The company has a portfolio of PLTS with a total installed capacity of 550 megawatts (MW) in India and 24 states.

"Indonesia has enormous potential for the development of the renewable energy sector, in line with its aggressive target of decarbonization", said Vivek.

Minister of Energy and Mineral Resources Arifin Tasrif expressed his appreciation for Indika Energy's initiative in the use of clean energy which contributed to accelerating the achievement of the target of the new and renewable energy mix (EBT) of 23 percent by 2025.

"The government is committed to continuing to provide instruments and ease of investment through regulations and policies that prioritize the clean energy transition", said Arifin.

Furthermore, the Minister of Energy and Mineral Resources hopes that the establishment of this EMITS can increase investment in EBT infrastructure, absorb local labor, and support efforts to recover the economy that was hit by the COVID-19 pandemic.

Referring to data from the Ministry of Energy and Mineral Resources, the realization of the green energy mix throughout 2020 reached 10,467 MW or 11.51 percent of the total national energy consumption.

The government projects a total investment of USD 36.98 billion to be able to achieve the 23 percent NRE mix target by 2025.