POWR Establishes Subsidiary for Renewable Energy Investment

Nov, 04 2025

POWR Establishes Subsidiary for Renewable Energy Investment

KOMPAS.com – PT Cikarang Listrindo Tbk (POWR) has officially established a new subsidiary called PT Energi Baik Alami (EBA).

This is a part of the company's expansion into the renewable energy sector.

The establishment of EBA is stipulated in Deed of Establishment No. 14 dated June 16, 2025. This deed was approved by the Minister of Law and Human Rights through Decision No. AHU-0049293.AH.01.01.YEAR 2025 on June 18, 2025.

POWR holds 49,999 shares, representing 99.998 percent of the total paid-up capital and issued shares in EBA.

“EBA will operate as a holding company and will focus on managing and developing investments in the renewable energy sector,” wrote POWR Corporate Secretary Rani Maheswari Miraza in a disclosure on the Indonesia Stock Exchange (IDX) on Thursday (6/19/2025).

POWR management explained that the establishment of EBA is expected to have a positive impact on business continuity while supporting the company's long-term development.

POWR is a private electricity provider serving industrial areas around Cikarang, West Java.

This company operates the MM-2100 Gas Power Plant (PLTG), the Jababeka Gas and Steam Power Plant (PLTGU), and the Babelan Steam Power Plant (PLTU). The total capacity of the power plants reaches 1,144 megawatts (MW).

In addition, POWR also manages a rooftop solar power plant with a capacity of 21.2 megawatts peak (MWp).

Other News

Business Owners Complain About the Difficulty of Licensing in Banjar City, Considered to Potentially Hinder the Investment Climate

Business Owners Complain About the Difficulty of Licensing in Banjar City, Considered to Potentially Hinder the Investment Climate

harapanrakyat.com – The difficulty of the licensing process that business owners must go through to enter Banjar City, West Java, often becomes an obstacle for investors to invest their capital. As a result, this is one of the factors why business owners rarely consider Banjar City as a place to start a business. The coordinator of PT. Quan You Wood Industry, Gintara Ginting, said that the licensing service process, which is considered difficult to complete, often becomes one of the obstacles for business owners to consider Banjar City. "Managing the business licensing process feels like a nightmare for investors who want to open a business in Banjar City," said Gintara Ginting on Wednesday (7/23/2025). According to him, the fairly long bureaucracy and frequently changing requirements, as well as unclear information, are significant challenges, especially for business owners. He mentioned that regulations at the central and regional levels often conflict. For example, in the region, there are no zoning regulations yet. "This means the company has to operate first, and the licensing process follows later. Because this is a limited company and its capital is from China, with a minimum initial capital of around IDR 10 billion," he explained. Meanwhile, regional rules do not allow activities before the licensing process is completed by the relevant authorities. Furthermore, Ginting hopes that the local and central governments can collaborate to simplify access for investment. This would help create job opportunities. "Like in Sragen, investors are welcomed to build their business premises without being burdened by the licensing process first. We hope Banjar City can be like that too to attract investors," he concluded. [SOURCE]

Nov, 18 2025

Bogor City Will Soon Have a Regional Regulation Providing Incentives and Ease of Investment

Bogor City Will Soon Have a Regional Regulation Providing Incentives and Ease of Investment

INILAHKORAN, Bogor - The Bogor City DPRD together with the Bogor City Government have adopted a Draft Regional Regulation (Raperda) concerning Providing Incentives and Ease of Investment to become a (Regional Regulation). Spokesperson for the Regional Regulation Formation Agency (Bapemperda) of the Bogor City DPRD, Eka Wardhana, said that the Draft Regional Regulation on Providing Incentives and Ease of Investment had received facilitation from the Regional Secretariat of West Java Province and made improvements in terms of consideration, weighing, legal basis and body in accordance with the latest statutory provisions. "This draft regional regulation is intended to create legal certainty and as a guideline in providing incentives and ease of investment to increase investment and equitable development in the region. We hope that with this draft regional regulation, economic growth in the city of Bogor can increase accompanied by the creation of new jobs," said Eka to journalists on Thursday 10 October 2024. Meanwhile, the Chairman of the Bogor City DPRD, Adityawarman Adil, took the decision to enact the Draft Regional Regulation on Providing Incentives and Ease of Investment into a Regional Regulation based on the approval of all members of the Bogor City DPRD. "We ask the Bogor City Government to immediately formalize and prepare a Perwali as a technical guideline for implementing the Regional Regulation," he explained. Separately, Acting Mayor of Bogor Hery Antasari expressed his thanks to the leadership and members of the DPRD who had discussed and approved the Draft Regional Regulation on Providing Incentives and Ease of Investment. Hery continued, it is hoped that the presence of this Regional Regulation will provide legal certainty and serve as a guideline in providing incentives and ease of investment in the Bogor City area and that the regional government can prioritize the provision of incentives and/or the provision of ease of investment for certain types of business or certain activities, such as micro businesses and cooperatives. . "This draft regional regulation is expected to create attraction or stimulate more investors to invest in the city of Bogor in order to create a competitive investment climate, increase access and economic capabilities," he concluded. (SOURCE)

Oct, 10 2024

Karawang's Investment Reaches Rp20.43 Trillion, Ranking Second in West Java.

Karawang's Investment Reaches Rp20.43 Trillion, Ranking Second in West Java.

KARAWANG, iNEWSKarawang.id — Investment realization in Karawang Regency reached Rp 20.43 trillion from January to June 2026. This achievement places Karawang as the region with the second-highest investment realization in West Java. The Head of the Investment and One-Stop Integrated Services Agency (DPMPTSP) of Karawang Regency, Iwan Ridwan, said that the investment achievement shows that investor confidence in Karawang remains high. Based on data from the West Java Province DPMPTSP, the total Karawang investment realization in Semester I 2026 reached IDR 20,433,412,276,023. This value consists of Foreign Investment (PMA) of IDR 15,957,442,033,511 and Domestic Investment (PMDN) of IDR 4,475,970,242,512. "Investment realization in the first half of 2026 showed positive results. This demonstrates that Karawang remains an attractive region for investors," said Iwan on Monday (September 14, 2026). In addition to investment value, incoming capital also impacts employment. Throughout the first semester of 2026, investment in Karawang was recorded as employing 15,030 workers. Of this number, 9,499 workers came from PMA investment, while 5,531 other workers came from PMDN. Investment activity is also evident in the number of Investment Activity Reports (LKPM) submitted by business actors. As of the first semester of 2026, 7,518 LKPMs were recorded. In detail, 3,164 LKPMs came from PMA companies and 4,354 LKPMs from PMDN companies. According to Iwan, Karawang's position as an industrial hub is one of the main factors that makes the area remain attractive to investors. "Karawang has a strong industrial area, supported by infrastructure and the presence of national and international companies. These factors are a particular attraction for investors," he said. He added that the regional government will continue to maintain a conducive investment climate, including by improving services to business actors. "We continue to strive to provide excellent and prompt service to investors. We hope that this inflow of investment will increasingly impact economic growth and employment in Karawang," he said. This investment realization achievement is a positive indicator of Karawang Regency's economic growth ahead of the 393rd anniversary of Karawang Regency in September 2026. [Source]

Sep, 18 2026

West Java Prepares 5 Regions for Semiconductor and Data Center Development

West Java Prepares 5 Regions for Semiconductor and Data Center Development

The West Java Investment and One-Stop Integrated Services Agency (DPMPTSP) has developed an investment clustering strategy across 27 regencies/cities to attract capital-intensive leading sectors, particularly semiconductors and data centers. Head of DPMPTSP West Java, Dedi Taufik, stated that his office observes a shift in global investment trends in recent years, from infrastructure sectors toward high-tech investments. “We are implementing a regional thematic approach to investment in West Java,” he said on Monday (February 23, 2026). Global Trend: AI and CHIPS Act Boost SemiconductorsIn 2025, global investment trends were dominated by the data center and semiconductor sectors, both of which recorded significant increases. Data centers alone accounted for one-fifth of the value of new projects globally. According to Dedi, the surge in semiconductor project value—disproportionate to the number of projects—has been driven by the boom in artificial intelligence (AI) as well as chip sovereignty policies such as the CHIPS and Science Act in the United States and similar policies in Europe and Asia. “Global capital flows are now more selective, prioritizing high-value strategic projects over the expansion of conventional factory quantities,” he explained. In contrast, infrastructure, renewable energy, and tariff-sensitive industries such as textiles, electronics, and machinery have experienced a decline in investment. 5 Regions Prepared for Semiconductors and Data CentersThe clustering results show several areas in West Java are being prepared as centers for downstream electronics and semiconductor industry development, namely: Bekasi RegencyKarawang RegencySubang RegencyPurwakarta RegencySukabumi Regency In addition, West Java is also projected to become a national hub for digital economy and data center development, with more than 30 companies already investing. The main locations for data center investment are in industrial areas of Bekasi Regency, Karawang Regency, and Purwakarta Regency. In 2025, the Bodekarpur area recorded investment realization in the information [Source]

Mar, 25 2026

West Java Receives Appreciation for Climate-Aware Investment Region from Kompas TV

West Java Receives Appreciation for Climate-Aware Investment Region from Kompas TV

PORTALJABAR, BANDUNG CITY - The West Java Provincial Government received recognition from Kompas TV for its positive investment climate. The award was presented during Kompas TV's 15th anniversary celebrations at the Bidakara Hotel in Jakarta on Wednesday evening (September 9, 2026). The award was received by West Java Regional Secretary Herman Suryatman, who represented West Java Governor Dedi Mulyadi. In addition to West Java, Jakarta and North Maluku also received awards in the same category. Herman said that the appreciation from Kompas TV was both recognition and encouragement for the West Java Provincial Government to continue creating a conducive investment climate. "Thank God, West Java Province received an award for regional appreciation for its commitment to the investment climate," said Herman. According to Regional Secretary Herman, this appreciation aligns with West Java's investment performance, which continues to show growth. In 2025, West Java's realized investment reached Rp296.8 trillion, an increase of approximately 30 percent compared to the previous year's Rp251 trillion. "This achievement demonstrates investor confidence in West Java as a potential investment destination. This is inseparable from the Governor's leadership, supported by the West Java Provincial Legislative Council (DPRD), the Regional Leadership Communication Forum (Forkopimda), and all West Java residents," he said. He added that the West Java Provincial Government will continue to maintain this momentum by strengthening the investment climate and providing convenience for businesses. He believes investment growth must continue to be directed to benefit the economy and people of West Java. Herman also expressed his appreciation to Kompas TV for the award given, as well as to all parties who have contributed to maintaining the investment climate in West Java. "We dedicate this appreciation to the people of West Java," said Regional Secretary Herman. With the continuously growing investment achievements and this appreciation, the West Java Provincial Government is committed to maintaining West Java as a competitive investment destination while ensuring that incoming investments can have a positive impact on development and community welfare. [Source]

Sep, 16 2026

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