News - POWR Establishes Subsidiary for Renewable Energy Investment

POWR Establishes Subsidiary for Renewable Energy Investment

Nov, 04 2025

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).

[SOURCE]

West Java Investment Realization in 2024 Reaches 251 Trillion, Highest in Indonesia

BANDUNG, iNewsBandungRaya.id - The West Java Provincial Government (Pemprov) ranks highest in investment in Indonesia with an investment value of IDR 251 trillion in 2024. Regarding this achievement, the Acting Governor of West Java, Bey Machmudin said that the investment value increased by 19.24 percent from 2023. "We are grateful because West Java in 2024 ranked highest in investment with a value of IDR 251.14 trillion for PMA and PMDN," said Bey at the BEJA (Bewara Jawa Barat) Vol. 15 event, at the East Hall of Gedung Sate, Bandung City, Tuesday (11/2/2025). "This number has increased by 19.24 percent from the previous year," he said. In addition to being good news to be grateful for, said Bey, this is also a challenge for the West Java Provincial Government in the future. "We should not be satisfied with the highest ranking in investment, while other aspects are still lagging behind. For example, our human resources must also be in the highest position," he said. Because according to him, West Java is one of the provinces in Indonesia that has a row of the best universities that are the largest in several regions. "West Java has many of the best universities, both in Bandung and Depok which are also part of West Java. So, there is no reason for the people of West Java not to be able to enjoy the results of this investment," he said. Therefore, Bey also asked all parties to play an active role in increasing investment value in their respective fields. "For example, investment in agriculture, such as potato production, must also prioritize products from West Java. We have all that potential," he added. In addition, Bey also asked the West Java Chamber of Commerce and Industry (Kadin) and the Indonesian Young Entrepreneurs Association (Hipmi) to take part in this effort. "I also hope that friends from Kadin and Hipmi can help in this effort. The only way to increase employment and economic growth is by attracting investment," he said. "I think our achievements so far have been very good, and I thank Bank Indonesia for their support," he continued. Meanwhile, the Head of the West Java Bank Indonesia (BI) Representative Office, Muhamad Nur, said that his party was very grateful and proud of the achievements of the West Java Provincial Government. "As a partner of the West Java Provincial Government, we give our highest appreciation to the West Java Provincial Government, as well as our colleagues from DMP PSB," said Nur. "In 2014, Alhamdulillah, West Java was ranked the best. This is certainly all the result of hard work led by Mr. Bey. Although towards the end we were in second place, West Java's talent is indeed a champion who remains a champion in the end," he added. Nur views that the challenges of the West Java Provincial Government in 2025 are very difficult. "Entering 2025, we see that the global, national, and regional economic conditions face many challenges. What we face in 2024 turns out to be not getting lighter in 2025, but instead the challenges are increasing," he explained. In the context of regional development in West Java, said Nur, investment is the main factor in economic growth. In economics, the basic formula is that growth must be driven by investment. "So, without investment, we cannot grow and develop," he said. Therefore, his party will also discuss a lot about what needs to be done, collaborate, and coordinate in order to attract greater investment to support economic growth in West Java and Indonesia. "These are the challenges that we need to understand together. God willing, we from Bank Indonesia will provide an explanation regarding the evaluation of 2024 and the opportunities and challenges in 2025 as a whole," he said. "Hopefully, from there we can formulate strategic steps so that West Java and Indonesia continue to grow and develop. All of this is certainly part of our shared commitment," he said. (SOURCE)

Mar, 17 2025

West Java DPMPTSP Launches Provincial Integrated Service Center

Bisnis.com, BANDUNG -- The West Java Investment and One-Stop Integrated Services Service (DPMPTSP) launched an Integrated Public Service Center (P3T) to make it easier for MSMEs to process permits. The program was launched involving related agencies in West Java, such as the West Java Regional Office of the Ministry of Law and Human Rights, the West Java Regional Office of the Ministry of Religion, BPOM, and the National Standardization Agency. "Our idea is to create integrated public services and involve vertical agencies which so far have not been captured by districts, cities and other regions," said Head of the West Java Provincial Government's PMPTSP Service, Nining Yulistiani, at the Mason Pine Hotel, West Bandung Regency, Tuesday (13/2/ 2024). For MSME players, certification is important because it can make product quality more trusted by consumers. Through P3T, public services to obtain certification are easier and cut costs. "The public has seen that the old certification service is difficult and has high costs. That stigma will disappear with the existence of this public service," he said. In the future, it is possible that this program will be adopted in 27 other cities and districts in West Java so that it will be easier for people to process permits. This year, it is targeted that more MSME products will be certified so that they are more trustworthy and easier to market. "Last year's integrated service received a response of 1,200 applicants a day who wanted to access it. This is exactly the same as the four institutions involved. From there we can see the real community because they don't know so they don't make the effort," he said. His party will also hold an on-the-spot program in city districts to get closer to the community to provide services. "We will also launch mass integrated services in June and at the end of the year," he continued. At the same location, the Head of the West Java Regional Office of the Ministry of Law and Human Rights, Andika Dwi Prasetya, appreciated the P3T program which had just been launched. Through this program, it will be easier for his party to reach and provide services to the community. "We get access to more closely serve the community for our institutional needs, especially in intellectual property interests," he said. For your information, there are a number of services provided by the West Java Regional Office of the Ministry of Law and Human Rights, namely copyright, patent rights, brand rights, and communal intellectual property. So far, copyright is the sector most frequently submitted by the public. "Now, for halal licensing and national standards, it is mandatory to first register the brand. With this one integrated service point, it will be easier for the public," he said. BPOM itself ensures that the existence of P3T can encourage business actors to take care of permits related to the suitability of food or cosmetic products. Interest in applying for permits will certainly be higher once the P3T service is available. Data on applications for the licensing process at BBPOM POM Bandung in 2023 will reach 363. (SOURCE)

Feb, 22 2024

State Budget Performance Remains Strong, Catalyzing Economic Growth in West Java

KBRN, Bandung: The performance of the State Budget (APBN) in the West Java region until August 31, 2025, recorded positive and stable results. The Regional Office of the Directorate General of Treasury (DJPb) of West Java Province released the regional APBN surplus achievement of IDR 11.58 trillion, with total revenue reaching IDR 90.11 trillion or 58.53% of the target, and expenditure realization of IDR 78.54 trillion or 64.18% of the ceiling. The Head of the West Java Regional Office of the DJPb, Fahma Sari Fatma, said that state revenue grew by 5.31% year-on-year. This growth was mainly driven by tax revenue, particularly from income tax (PPh), excise, and other taxes. However, several types of taxes, such as PPh Articles 21 and 22 and domestic VAT, experienced a contraction. The decline in domestic VAT was due to a decrease in the contribution of large taxpayers, an increase in refunds, and a decline in public consumption. On the other hand, revenue from the Customs and Excise sector has reached IDR 19.66 trillion or 64.25% of the target, supported by 5.06% growth in excise revenue, including the impact of the policy to relax the 90-day deferral of HT excise payments. The realization of Non-Tax State Revenue (PNBP) also recorded positive performance, namely Rp5.20 trillion or 95.17% of the target, experiencing a growth of 10.50% (yoy). This growth was supported by other PNBP which rose 16.95% and BLU revenue which rose 4.42%. This shows the increasingly optimal utilization of government assets and services to generate revenue. "In terms of state expenditure, by the end of August 2025, Rp78.54 trillion had been realized, or 64.18% of the ceiling of Rp122.36 trillion. Although it shows nominal growth, the annual expenditure of Ministries/Institutions (K/L) experienced a slowdown of 24.16% compared to the previous year, especially in goods and capital expenditure due to budget efficiency policies," said Fahmi, in a press conference on Monday (9/29/2025). However, the performance of transfers to regions and village funds (TKDD) was quite solid. Regional transfers reached Rp49.37 trillion (69.04%) and village funds reached Rp5.59 trillion (88.21%). This was one of the factors driving better state spending compared to the previous year. Overall, TKDD realization reached Rp54.96 trillion or 70.60% of the ceiling. National priority programs also continue to run and have a real impact on the people of West Java. Among them, the Free Nutritious Meals Program (MBG) has reached 1.37 million beneficiaries in 27 districts/cities. In addition, the FLPP program has reached 38 thousand beneficiaries in 1,576 locations. Other programs such as People's Schools, KUR, UMi, and school revitalization have also shown significant achievements in promoting welfare and human development. From a macroeconomic perspective, West Java's economic growth in the second quarter of 2025 reached 5.23% (yoy) with a GRDP of Rp459.80 trillion. Inflation in August 2025 was recorded at 1.77% (yoy) with a consumer price index (CPI) of 108.79. The city of Sukabumi recorded the highest inflation at 3.54%, while Bandung Regency recorded the lowest at 1.46%. West Java's trade balance in July 2025 also recorded a surplus of USD 2.47 billion, with total exports reaching USD 3.51 billion and imports USD 1.03 billion. Cumulatively from January to July 2025, non-oil and gas trade with the United States recorded a surplus of USD 3.40 billion, while trade with China and Taiwan still experienced a deficit. Although West Java's Farmer Exchange Rate (NTP) declined by 0.53% to 115.61 in August 2025, this was mainly due to falling agricultural commodity prices. However, rice prices actually showed an increase at the milling level. The government continues to monitor these developments to maintain balance. Amid global challenges such as geopolitical conflicts, commodity price fluctuations, and market uncertainty, the government remains committed to maintaining fiscal stability and sustainability. The performance of the state budget in West Java until August 2025 is considered “on track” and will continue to be optimized as a catalyst for economic growth and a foundation in supporting national priority programs. [SOURCE]

Dec, 15 2025

Entering the Top 5, Garut is Ready to Welcome Investment Through West Java Investment Challenge 2024

GARUT, INDOMETRO .ID - Deputy Head of Bank Indonesia (BI) Representative of West Java Province, Muslimin Anwar, together with representatives of the West Java Province Investment and One-Stop Integrated Service (DPMPTSP), visited Garut Regency on Tuesday (13/8/2024). This visit was related to the inclusion of Garut Regency in the top five finalists of the West Java Investment Challenge 2024. The group was received by the Acting Head of DPMPTSP of Garut Regency, Budi Gan Gan Gumilar, in the Situ Bagendit tourist area, Banyuresmi District. Situ Bagendit itself is one of Garut Regency's flagship projects offered to investors in the West Java Invesment Challenge 2024. The results of the visit were then discussed at the Public Service Mall (MPP) regarding the follow-up of the West Java Invesment Challange 2024. The discussion was attended by the Regional Secretary of Garut Regency, Nurdin Yana, and several heads of Regional Work Units (SKPD) within the Garut Regency Government. Garut's Commitment to Attract Investors Muslimin Anwar explained that this visit aims to assess the potential of Garut Regency to win an award in the West Java Investment Challenge 2024, directly assess the potential of Situ Bagendit, and evaluate the Garut Regency Government's commitment to the development of the area. According to Muslimin, the readiness and support of the local government are the main keys to attracting investment. The projects offered must be ready, both in terms of infrastructure and the commitment of the local government. "Because the commitment to support the readiness of the district government is one of the key factors for investment to enter the region, and the projects offered can find their partners, in this case related investors," added Muslimin. He assessed the strength of Situ Bagendit, which has a long history and interesting legendary elements, with the number of visitors reaching 180 thousand in 2023. In addition, post-revitalization, the area has been equipped with adequate infrastructure, including an amphitheater, floating mosque, pedestrian and jogging track. "This is one of the strengths that can be continued with investors, because the accessibility has been fulfilled, then the amenities are also already there, we just need to strengthen it, then the attractions need to be increased so that the number of visits will increase," he said. However, Muslimin also emphasized the need to improve facilities, such as handling water hyacinth problems, supporting MSMEs, and expanding parking capacity to accommodate more visitors. Muslimin advised the Garut Regency Government to always continue to synergize with the West Java Provincial Government and Bank Indonesia, where openness and optimism are needed that can be synergized together. "When investors ask for more details about things that are currently on the surface, but surely they will be more detailed, and when that happens hopefully they can be more reluctant, and prepare as detailed information as possible," he said. Collaboration to Increase PAD The Secretary of Garut Regency, Nurdin Yana, expressed his appreciation for the visit of BI and DPMPTSP of West Java Province. He emphasized that although fiscal limitations are a challenge, collaboration with various parties, including investors, is a solution to increase Garut Regency's Original Revenue (PAD). His party, said Nurdin, will immediately fulfill the prerequisites requested by BI and DPMPTSP of West Java Province, so it is hoped that in the near future BI can pair Garut Regency with third parties who can invest in Garut Regency. "Hopefully by being matched with him (Head of the West Java Province BI Representative), there will be one investor entering us, so that it will be valuable, which can provide or boost our PAD in Garut Regency, so that it will provide welfare to the community accumulatively," Nurdin said. Nurdin hopes that through the West Java Investment Challenge 2024, Garut Regency can attract investors who are able to develop tourist areas, such as Situ Bagendit, to have a significant economic impact on the region. Meanwhile, the Head of Bappeda of Garut Regency, Didit Fajar Putradi, added that Garut Regency's participation in this event aims to open up space for investors, both from within and outside the country. He is optimistic that with the support of BI and DPMPTSP of West Java Province, investments that enter Garut Regency will make a major contribution in increasing PAD and community welfare. "The revenue will also increase if it is managed better, if it is managed with more complete facilities, which are more attractive for people to visit more Situ Bagendit," Didit said. Didit revealed that through the West Java Investment Challenge 2024, Garut Regency and its Situ Bagendit were introduced to various layers of domestic and foreign investors. He hopes that after this, other areas in Garut can also attract investors. "It gives us hope that investment will really enter Garut Regency, at this time we (offer) Situ Bagendit, the day after tomorrow we will try others, not just Bagendit," he concluded. SOURCE

Aug, 14 2024

The High Investment Inflow in Karawang Has Little Impact on Labor Absorption

Karawang (ANTARA) – The Karawang Regency Manpower and Transmigration Office in West Java acknowledged that the high level of investment entering Karawang does not necessarily increase labor absorption because most investments are capital-intensive. “The investments entering Karawang are mostly capital-intensive, so they don’t significantly affect labor absorption,” said Rosmalia Dewi, Head of the Karawang Manpower and Transmigration Office, on Sunday in Karawang. Capital-intensive investments mean companies rely heavily on machines and technology, requiring fewer human workers. This contrasts with about ten years ago when many labor-intensive investments focused on employing large numbers of workers entered Karawang. “Because most of the incoming investments are capital-intensive, the labor absorption is not very large,” she added. However, the office continues efforts to improve human resources so local job candidates in Karawang can compete. This includes collaboration with schools and companies to conduct training programs to ensure graduates’ skills meet industry needs. According to data from the Investment Coordinating Board (BKPM), investment in Karawang reached Rp68 trillion in 2024, a significant increase from Rp42.1 trillion in 2023. Despite this large investment figure, it does not correspond to a proportional increase in employment. Data from the Karawang Manpower and Transmigration Office shows that in the first half of 2022, labor absorption amounted to only 4,524 people. In the third quarter of 2023, out of 1,934 investment projects, labor absorption was only 4,314. From January to June 2025, domestic and foreign investment in Karawang reached Rp30.24 trillion, but the labor absorption for the same period was only 12,209 people. [SOURCE]

Dec, 12 2025

Navigation