Bukaka, Aerodrom Producer Owned By The Jusuf Kalla Family Establishes A New Business In The Field Of Electricity Procurement

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JAKARTA - Jusuf Kalla's family-owned garbarata manufacturer, PT Bukaka Teknik Utama Tbk (BUKK) together with PT Bangun Daya Utama established a new company, PT Tenaga Energi Hidro. Bukaka acts as the holder of 45 percent of the new company's shares.

President Director of Bukaka, Irsal Kamarudin, explained that the establishment of the company was aimed at expanding the business in the field of electricity procurement. PT Power Energi Hidro will be engaged in the procurement of New Renewable Energy (EBT) in the form of electrical energy through hydroelectric power plants.

"Hydro Energy will have an impact in the form of potential additional income and profit for the company as a shareholder," said Irsal, in an information disclosure on the Indonesia Stock Exchange (IDX) website, quoted Saturday, May 21.

Bukaka established the new company with an authorized capital of 20 billion shares divided into 20 thousand shares, each with a nominal value of IDR 1 million. Meanwhile, the issued and paid-up capital is 25 percent or IDR 5 billion which is divided into 5 thousand shares.

From the capital structure, Bukaka holds an ownership portion of 2.250 shares or IDR 2.2 billion, equivalent to 45 percent of the total issued and fully paid capital. Meanwhile, PT Bangun Daya Utama owns 2.750 shares or IDR 2.7 billion, equivalent to 55 percent of the total issued and fully paid shares.

"There were no managers from the company who served as managers at PT Energi Hidro Energi at the time the company was founded," said Irsal.

Previously, the company through its subsidiary, PT Baja Titan Utama, was known to have obtained fresh funds of IDR 1.73 trillion in the form of credit loans from PT Bank Mandiri Tbk (BMRI).