Danantara Boss Regarding 7 BUMN Karya Becomes 3 Companies: Business Focus As Contractors

BUMN (Photo: Doc. VOI)

JAKARTA - The government through the Ministry of SOEs and the Anagata Nusantara Power Investment Management Agency (BPI Danantara) plans to continue the merger or merger of state-owned companies in the work sector.

Chief Operating Officer (COO) Dony Oskaria said that of the seven BUMN Karya companies, only three companies would remain. Meanwhile, the rest will be combined.

Regarding the scheme for merging BUMN works, Dony said it was still being discussed. Until now, he continued, there has been no decision.

"Not yet, later when there is, it will be conveyed," he said when met at the Office of the Coordinating Ministry for Food, Jakarta, written Wednesday, July 30.

On July 23, Dony Oskaria said the BUMN Karya merger plan was one of Danantara's priority agendas in the remaining five months by 2025.

"The scheme will certainly be multi, one of which must have a definite merger. So, we are reviewing the reduction of the number of BUMN Karya," said Dony at the Parliament Complex, Senayan, Jakarta, Wednesday, July 23.

Dony explained that the BUMN Karya merger aims to form a more efficient entity and focus on the core business as a contractor. Later, there will only be three companies and their business focus as contractors.

"We are still calculating, more or less, there will be three strong work companies going forward and the business is only focused on being a contractor," he said.

In addition, Dony said that later the subsidiaries of state-owned construction companies that are not directly related to business cores will be consolidated.

"So the subsidiaries who are not the contractors are some of the sources of problems that we will classify," he said.

Plans For The Merger Of BUMN Karya

Previously, Minister of State-Owned Enterprises (BUMN) Erick Thohir revealed that plans to merge or merge state-owned companies in the work sector could still change. Most recently, he said there was an option to merge it into one company.

Initially, the Ministry of SOEs planned to merge seven state-owned companies in the construction sector into only three companies. However, the merger scenario is still being studied.

"Combination from seven to three I see that to this day the calculation is still good. But if we look at these two three months, it's not impossible what the efficiency of the merger of works from three could be from two, even one. But I still need a study, I think," he said in a working meeting with Commission VI of the DPR, in Jakarta, Thursday, February 13.

Erick explained that previously the process of merging BUMN works took quite a long time to three years because it had to go through various administrative stages in various ministries.

However, continued Erick, with the presence of the BUMN Law (UU) which was just passed some time ago, the merger process will be more efficient than before.

"Yesterday (the process) took 2 to 3 years because of the process of many ministries. The merger process can be faster, if indeed the BUMN Law applies," he said.

For your information, BUMN works that will be consolidated include PT Waskita Karya (Persero) Tbk or WSKT, PT Hutama Karya (Persero), PT Nindya Karya (Persero), PT Brantas Abipraya (Persero), PT Adhi Karya (Persero) Tbk, PT Wijaya Karya (Persero) Tbk or WIKA, and PT Pembangunan Perumahan (Persero) Tbk or PTPP.

Where in the scheme, the seven state-owned companies will consolidate into three companies. For example, PT Waskita Karya (Persero) Tbk will be merged into the holding of PT Hutama Karya (Persero).

Then, PT PP (Persero) Tbk (PTPP) is consolidated with PT Wijaya Karya (Persero) Tbk (WIKA). Then, PT Adhi Karya (Persero) Tbk will also be merged with PT Nindya Karya (Persero) and PT Brantas Abipraya (Persero).