JAKARTA - Minister of Cooperatives (Menkop) Ferry Juliantono revealed that his party would soon inaugurate the Red and White Village/Neighborhood Cooperative (KDMP) which manages palm oil or Crude Palm Oil (CPO) and the Solar Power Plant (PLTS) sector in August 2026.
For the KDMP palm oil sector, it will be inaugurated soon in Musi Banyuasin Regency, South Sumatra Province. Meanwhile, for the PLTS sector, it will be inaugurated on Sembur Laut Island, Galang Baru Village, Riau Islands.
"In August, we will inaugurate the CPO factory in Musi Banyuasin Regency, South Sumatra, it is the Sejahtera Village Unit Cooperative. Then, in August, we also want to inaugurate the 1/2 to 1 Mega Watt (MG) scale PLTS in Sembur Laut, Galang Baru Island, Riau Islands, with the permission and approval of Mr. (President Prabowo Subianto), "said Menkop Ferry at the Peak of the 79th Anniversary of the Indonesian Cooperative Day in 2026 at the GBK Indonesia Arena, Jakarta, Sunday.
Menkop Ferry explained that currently KDMP is allowed to manage businesses in various sectors, ranging from mining, palm oil, to power plants.
"Cooperatives are now allowed to manage mines, minerals," said Minister of Transportation Ferry.
In addition, this year, he revealed that the latest Cooperatives Law (UU) will be enacted, considering that currently the regulations on cooperatives still refer to Law Number 25 of 1992.
"This year, a new Cooperatives Law will be born, because the current law, which we are using is Law Number 25 of 1992. So, with the new law, it is hoped that it will be a legal umbrella for the cooperative movement in Indonesia," said Minister of Transportation Ferry.
He believes that cooperative business entities will begin to rise again and be ready to provide the maximum contribution to the national economy, as has been done by private business entities and SOEs.
"God willing, it will be beneficial for the circulation of money in the village, and also for economic growth in villages," said Minister of Transportation Ferry.
Together with the Indonesian Cooperative Council and the Cooperative Movement, he believes that the government will be able to continue the ideals of national cooperative figures, such as Mr. Indonesian Cooperative Mohammad Hatta and the former General Chairman of the State Employee Cooperative (IKPN) Sumitro Djojohadikusumo.
"Together with the cooperative movement and the Indonesian Cooperative Council, we will be the vanguard to implement and continue the great ideals of cooperative figures, especially implementing the great ideas of President Prabowo Subianto, so that cooperation can return to being the Soko Guru of the national economy," said Minister of Transportation Ferry.
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