News - Saguling Floating Solar Power Plant, Saudi Arabia's First Investment in Clean Energy

Saguling Floating Solar Power Plant, Saudi Arabia's First Investment in Clean Energy

Aug, 14 2024

The floating solar power plant (PLTS) at Saguling in West Bandung Regency, West Java, is the first project of a Saudi Arabian company, ACWA Power, in the new and renewable energy (EBT) sector. The project is managed by PT Indo ACWA Power Saguling with PT PLN as a partner.

To follow up on this cooperation, the President Director of PT Indo ACWA Power Saguling, Rudolf Rinaldo Aritonang, signed a Power Purchase Agreement (PPA) with PLN.

"This is Saudi Arabia's first investment in the EBT sector," said the President Director of PT Indo Acwa Tenaga Saguling during the Signing of Power Purchase Agreement for the 60W Saguling Solar Power Plant at PLN Headquarters, South Jakarta, Tuesday (13/8).

Director of PT PLN (Persero) Darmawan Prasodjo also revealed that the cooperation effort with Saudi Arabia through ACWA is a step by PLN to respond to increasingly critical global warming.

"Global warming is increasingly critical, this is a challenge that requires extraordinary opportunities for expansion, investment and collaboration," he said.

He also sees renewable energy as an effort to combat global warming which can also create jobs.

Saudi Arabia's Ambassador to Indonesia, Faisal bin Abdullah Al-Amudi, said Indonesia and Saudi Arabia have tremendous potential in investment. This can improve relations between the two countries.

He invited investors in Indonesia and Saudi Arabia to increase investment in Indonesia, especially in the field of renewable energy. According to him, this is in line with Saudi Arabia's current vision.

"Saudi Arabia currently has a vision of 2030 according to the direction of Crown Prince Salman bin Abdul Aziz," he concluded.

SOURCE

BI: Ciayumajakuning investment target achieved 85.2 percent

Cirebon (ANTARA) - The Representative Office of Bank Indonesia (BI) Cirebon, West Java, recorded that investment achievements in its region which includes Cirebon, Indramayu, Majalengka and Kuningan (Ciayumajakuning) have been realized up to 85.2 percent of the target of IDR 10.78 trillion in 2023. "Ciayumajakuning's investment target in 2023 is IDR 10.78 trillion and 85.2 percent of the realization target has been achieved," said Head of KPw BI Cirebon Hestu Wibowo when met in Cirebon, Thursday. Hestu said that the percentage of investment realization was sourced from data from the Ciayumajakuning One Stop Investment and Integrated Services Service (DPMPTSP), which was collected up to the third quarter of 2023. Based on this data, he said, investment in Ciayumajakuning grew consistently and contributed 5.74 percent to the existing capital investment target in West Java. "West Java is the province with the largest level of investment nationally, Ciayumajakuning contributed 5.74 percent. "I think this is a positive contribution," he said. Hestu revealed that if detailed from the data, the share of domestic investment (PMDN) in Ciayumajakuning showed quite good performance with the most dominant investment sector being in the mining sector at around 45.91 percent. Then, the food crops and plantations sector in Ciayumajakuning ranks second as an investment sector that is quite popular with PMDN with a figure of 17.68 percent. In next place, said Hestu, PMDN in Ciayumajakuning also invested in the non-metallic mineral industry at around 12.51 percent, trade and repairs at 8.53 percent and other sectors at 15.37 percent. "We at Ciayumajakuning always coordinate with the regional government on how to make it easier for investors to invest," he said. Still referring to similar data, Hestu said that the share of foreign investment (PMA) in Ciayumajakuning was dominated by investment activities in the basic chemical industry, chemical goods and pharmaceuticals with a figure of 61.98 percent. Meanwhile, for the remainder, PMA in Ciayumajakuning invested around 13.85 percent in the food crops and plantation sector, mining at 11.19 percent, the food industry at 3.46 percent and other fields around 9.51 percent. He emphasized that in order for the rate of investment in Ciayumajakuning to grow consistently, there needs to be policies to make it easier for investors to invest, for example with licensing efficiency. Hestu assesses that all supporting facilities to grow the investor sector in Ciayumajakuning are well available, so that the realization of capital investment will be achieved by the end of 2023. "The rate of investment in Ciayumajakuning will continue to grow positively until the end of 2023," he said. (SOURCE)

Jan, 11 2024

Dedi: BJB has the biggest opportunity in Indonesia to develop West Java's investment ecosystem

Bandung (ANTARA) - West Java Governor Dedi Mulyadi believes that PT Bank Pembangunan Daerah Jawa Barat dan Banten (BJB) can become the largest and healthiest bank in Indonesia by optimizing the investment ecosystem in West Java, which is valued at over Rp 296.8 trillion. Dedi believes that BJB's status as a Regional Development Bank (BPD) should not limit its scope for movement, so he is pushing for expansion, the key to which lies in having the courage to partner directly with industrial companies that are the main pillars of investment realization in the Land of Pasundan. "Bank BJB must enter the industrial sector, which currently generates the highest investment in West Java in Indonesia. If everyone becomes a partner, BJB will become the largest and healthiest bank," Dedi said in a statement in Bandung on Saturday. Dedi's encouragement was based on data from the Indonesian Ministry of Investment/Investment Coordinating Board (BKPM), which ranked West Java as the national investment champion throughout 2025. Investment realization in this province reached IDR 296.8 trillion, a surplus of 109.9 percent of the set target. This investment mix is considered balanced and offers potential for the banking sector, with IDR 147.02 trillion in Foreign Direct Investment (PMA) and IDR 149.8 trillion in Domestic Direct Investment (PMDN). Dedi emphasized that the high level of confidence from both foreign and domestic investors should be seized as a captive market opportunity by BJB, rather than simply remaining a spectator at home. In addition to targeting the corporate and industrial sectors, Dedi also challenged BJB to strengthen its strategic partnership with the government in addressing basic social issues. He requested BJB's active involvement in housing development programs for the poor, the establishment of new schools, financing the education of orphans, and accelerating capital for Micro, Small, and Medium Enterprises (MSMEs). According to Dedi, a healthy and visionary bank is not only seen from its financial balance sheet, but is born from management, the board of commissioners, and a banking environment that has integrity and a strong social vision. [SOURCE]

Jan, 26 2026

Chery invested IDR 250 billion for its first OMODA 5E production in Indonesia

Jakarta (ANTARA) - PT Chery Sales Indonesia (CSI) has invested IDR 250 billion in the production of their first electric vehicle in Indonesia, namely the OMODA 5E, which has already received 400 orders. "Chery's investment in Indonesia for EV production reaches IDR 250 billion, as an initial stage to support our CKD process," said Head of Brand PT Chery Sales Indonesia (CSI), Rifki Setiawan in the Forwot 20th Anniversary Discussion activity in Sentul, Bogor, West Java, Sunday (3/12). Even though they still share production with other automotive manufacturers who have pinned their hopes on PT Handal, Chery believes that their vehicle production will not be disrupted and will reach customers in February 2024. "We have started production this month, and we hope to be able to fulfill the 400 orders by January. "So, in Q1 2024, in February to be precise, we will be able to deliver 400 units," he said. Chery, which has been the export leader in China for 20 consecutive years, will not continue to utilize PT Handal's factories. In the future, Chery will also set up a factory and research center in Indonesia. So, Indonesia will be promised to become a production base for countries that use right-hand drive platforms. This is Chery's commitment to Indonesia in the automotive industry. "Our founders have also visited and met with policy makers in the country, and have also signed agreements regarding future investments," he explained. So, this proves Chery's seriousness in the automotive industry in Indonesia. Chery is not only bringing the Omoda and Tiggo Series brands to Indonesia, various other brands will also be brought to Indonesia, such as Jaecoo, which is rumored to be coming to Indonesia soon. (SOURCE)

Dec, 08 2023

Indonesia Wins Gold at Olympics, BRImo Offers Gold Investment for All

Jakarta, Beritasatu.com - Indonesia achieved brilliant achievements at the Paris 2024 Olympic Games, with a team of athletes who successfully brought home the gold medal. Until now, there has been Veddriq Leonardo from rock climbing sports and Rizki Juniansyah in the 73 kg weightlifting class who managed to bring a gold medal. There is also Gregoria Mariska Tunjung who won bronze in the women's single badminton sport. These successes are not only a source of national pride, but also inspire many people across the country. Even the talk of gold achieved by athletes extends to the matter of gold investment which is important for everyone. If you are interested in investing in gold for the future, now BRImo, the mobile banking application from BRI, provides a gold savings feature that is very practical to use. This feature makes it easy for people to invest in precious metals, one of the most popular forms of investment. BRImo provides convenience and transparency in investing in gold with a user-friendly interface. By utilizing this moment of national sports achievement, people can start investing in gold, a smart step for the future. BRI Director of Retail Funding and Distribution, Andrijanto, said BRI is proud of the achievements of the Indonesian team and hopes that this moment can be well utilized by the entire community. "The gold investment feature in BRImo is designed to provide easy access for anyone who wants to start investing," he said. Saving gold at BRImo is not only easy, but also provides various other benefits because it has its own advantages, namely: Gold purchases can start from 0.01 grams. Real time online, making gold buying and selling prices and balance information in accordance with Pegadaian data. Purchase and sale transactions are carried out in real time with Pegadaian. Flow of opening gold savings is short, easy, and practical. Can be done anywhere. Do you want to start opening a gold account at BRImo? Here's a guide to opening a gold account:1. Login to BRImo and select the "Investment" menu2. Click "Gold" and click "Start"3. Choose "Open Savings"4. Fill in your personal data, address, and occupation then verify the data by clicking "Data is correct"5. Choose the amount of savings starting from 0.01 gram6. Click "Confirm" then read and agree to the terms & conditions7. Enter BRImo PIN8. Your gold savings account has been successfully opened How to Buy Gold:1. Login to BRImo, select "Investment" menu2. Click "Gold" and click "Buy Gold"3. Enter the purchase amount in rupiah or gram4. Click "Confirm" and enter your BRImo PIN5. Gold savings successfully purchased You can also arrange to save gold more regularly and anti-skip with autodebet, yes. This feature allows more people to invest and manage their finances better. So, let's celebrate the success of the Indonesian team on the world stage while adding to your portfolio! Don't forget to download BRImo via the App Store, Play Store, Huawei AppGallery, yes. Check other interesting information on Instagram @bankbri_id. SOURCE

Aug, 12 2024

Cirebon OJK opens illegal investment complaint service during Ramadan

Cirebon (ANTARA) - The Cirebon Financial Services Authority (OJK) office, West Java, has opened a complaint and consultation service during Ramadan 2026 to anticipate the rise in fraudulent activities disguised as illegal investments, including those linked to an application called MBAstack Limited Company (MBA). The Head of the Cirebon OJK, Agus Muntholib, stated in Cirebon on Thursday that the service aims to ensure the public remains protected while carrying out their activities and observing the fast. He stated that every investment decision must be based on logic, the principle of prudence, and adequate verification of information. "The Cirebon OJK is very concerned about the alleged fraud (using the MBA application). We remind the public not to be easily tempted by promises of large profits in a short time without clear risks," he said. He explained that during Ramadan, people's economic needs typically increase, and this situation is often exploited by irresponsible parties to offer investments with unreasonable returns. According to him, the pattern of illegal investment offers has now transformed through digital platforms and applications, resulting in faster spread and cross-regional reach. Agus mentioned that in a number of cases, artificial intelligence (AI) technology is often used to manipulate presentations and testimonials to make offers appear convincing. "We remind you that legality and business logic must be the primary foundation. Even if the person inviting you is a public figure, the public is still obliged to verify. Trust should not override caution," he said. From January to February 13, 2026, the Cirebon OJK received 266 consultations and complaints from financial services consumers, with the majority of reports coming from the financial technology (fintech) sector, he explained. Of these, he said, 38 complaints related to alleged investment fraud or illegal investments. Agus said that during Ramadan, the public can contact the OJK at 157, WhatsApp at 081-157-157-157, access the official website, or visit the nearest OJK office to verify the legality of an entity and report suspected illegal financial activity. "We remind the public to recognize the characteristics of illegal investments, including promises of guaranteed and unreasonable profits in a short time, use of multi-level recruitment schemes without clear products or services, and lack of permits from the relevant authorities," he said. [SOURCE]

Feb, 20 2026

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