Conglomerate-Owned Company Edwin Soeryadjaya And Sandiaga Uno Are Targeted To Invest 150 Million US Dollars In 2023

Illustration. (Photo: Unsplash)

JAKARTA - Conglomerate investment company Edwin Soeryadjaya and Sandiaga Uno, PT Saratoga Investama Sedaya Tbk (SRTG) are targeting to invest between 100 million and 150 million US dollars into various companies and various sectors by 2023.

"Our target is 100 to 150 million US dollars, it depends on many things. Do we have opportunities in the market, if there is no opportunity, we don't need to force it," said Saratoga Investment Director Devin Wirawan after the Saratoga Investment Summit 2023 event in Jakarta, quoted from Antara, Friday 27 January.

From this investment, his party targets to be able to get a return of 20 percent every year.

As an investment company, he explained Saratoga's advantage is to have permanent funds, so there is no need to impose investment.

On this occasion, he conveyed that the company will continue to support the government's program in efforts to transition energy to new and renewable energy (EBT) or green energy.

Currently, SRTG has ownership in several companies ranging from energy, technology, construction, plantations, agriculture, to telecommunications.

SRTG has ownership in PT Adaro Energy Indonesia Tbk (ADRO), PT Merdeka Copper Gold Tbk (MDKA), and PT Mitra Pinasthika Mustika Tbk (MPMX).

In addition, SRTG also has a minority ownership in PT Aneka Gas Industri Tbk (AGII), PT Provident Investment Bersama Tbk (PALM), Deltomed, MGM? Logistics, Primaya Hospital, and PT Nusa Raya Cipta Tbk (NRCA).

Meanwhile, the Indonesian government continues to strive for an energy transition to achieve the target of reducing greenhouse gas emissions through its own efforts by 31.89 percent and with international cooperation by 43.2 percent by 2030.

In addition, Indonesia is also committed to fulfilling net zero emissions (NZE) by 2060 or sooner.