PTBA Waits For The Realization Of Government Agencies Partners

Director of Finance and Risk Management of PTBA Farida Thamrin. (Photo: Maria Trisnawati/VOI)

JAKARTA - PT Bukit Asam Tbk (PTBA) is waiting for the formation of a Management Agency Partner (MIP) to be realized by the government.

PTBA's Director of Finance and Risk Management Farida Thamrin said that the formation of this MIP is believed to have a good impact on PTBA's financial performance.

"In principle, from PTBA, we are very supportive of the government in launching this rule," said Farida at a press conference in Jakarta, March 8.

Farida said that his party had been waiting for the launch of this rule since 2023.

The reason is that the existence of MIP will maintain the supply of coal from PTBA to PTBA.

When the price of coal was high in 2022, there was an instability in the supply of coal from producers to the state-owned stun company, PT PLN (Persero).

He continued, the launch of the MIP will also have a positive impact on the company's finances.

"For PTBA's finances, it will definitely have a positive impact, especially when prices increase, the impact will be significant," said Farida.

Previously, Minister of Energy and Mineral Resources Arifin Tasrif revealed that the progress of the formation of a Management Agency Partner (MIP) for coal compensation funds had entered the stage of finalizing the draft presidential regulation (Perpres).

"We have conveyed that the formation of a Management Agency Partner (MIP) for coal compensation funds (DKB) is currently in the finalization stage," said Arifin in a Working Meeting with Commission VII DPR RI, Tuesday, November 21.

He admitted that together with the Minister of SOEs, Erick Thohir, he had signed a signature and there was still the latest input from the Coordinating Ministry for Maritime Affairs and Investment (Kemenko Marves).