Jakarta, Indonesia – PLN Nusantara Renewables (PLN NR) convened a General Meeting of Shareholders to discuss the Company's Work Plan and Budget (RUPS RKAP) for the 2024 Fiscal Year on Wednesday (31/01) at The Tribrata Ballroom, South Jakarta. During the meeting, the board of directors presented financial targets, project progress updates, strategies for financial optimization, business development plans, and operational performance projections for 2024 before PLN Nusantara Power and YK PJB, the company's shareholders.
The directors outlined their projections, indicating a targeted increase in net profit of 9% in 2024 compared to 2023, with a simultaneous 11% growth in total assets. On the operational front, it was reported that PLTS IKN 50 MW is slated to be operational and expected to sell 7.73 GWh of electricity in 2024.
Human resources (HR) emerged as a focal point during the question and answer session. The Director of Human Capital Management and Administration of PT PLN Nusantara Power emphasized the importance of building a competency directory to facilitate talent mobility within the PLN Nusantara Power Group and Joint Venture Company, considering the specific business model of PLN Nusantara Renewables. This input aligns with the ongoing HR talent development program within the company.
PLN Nusantara Renewables expressed confidence in meeting the financial,
business development, and operational targets outlined during the meeting. The
company remains hopeful that the 2024 fiscal year will proceed smoothly,
meeting the expectations of all stakeholders and contributing to a greener and
more sustainable Indonesian electricity industry.
As a gesture of gratitude for the myriad achievements attained over its 8 years of operation, PLN Nusantara Renewables embarked on a series of corporate social responsibility (CSR) initiatives titled the Social Service Safari and Social Service for Orphanages and Nursing Homes, held from December 4th to December 13th, 2023 iin Jakarta. These CSR activities are integral to the company's commitment to environmental sustainability and community welfare in its operational areas.Social Service Safari – December 4th, 2023To commemorate its 8th anniversary, PLN Nusantara Renewables organized a Social Service Safari, distributing 88 basic food packages valued at IDR 800,000 each to those in need, particularly the homeless, across various locations including Pasar Minggu, Cilandak, Kemang, Tanjung Barat, Lenteng Agung, and Pejaten.Social Services for Orphanages and Nursing Homes – December 5th to 13th, 2023In celebration of 8 years of business continuity, PLN Nusantara Renewables extended its gratitude by providing aid packages to 8 orphanages and nursing homes in DKI Jakarta. The recipients of this year's social service activities included:Foundation for Orphans and the Poor, Pasar MingguThe aid distributed consisted of snacks, stationery, and clothing for elementary and middle school children.Tebet OrphanageThe aid distributed consisted of snacks, stationery, children's clothing, reading materials, and monetary assistance.Kasih Mandiri Orphanage, Pasar MingguThe aid distributed consisted of snacks, stationery, children's and toddler clothing, bags, and blankets.Kasih Abba Orphanage, ParungThe aid distributed consisted of snacks, bedding, tissue, diapers, and children's t-shirts.Nursing Home/Sasana Tresna Werdha CiracasThe aid distributed consisted of biscuits, blankets, adult t-shirts, toiletries, and reading materials.Elsafan Home for the BlindThe aid distributed consisted of snacks, clothing, tissues, vitamins, and children's t-shirts.Friends of the Orphans Dormitory Orphanage, JagakarsaThe aid distributed consisted of Al-Qur'an, Juz Amma, Iqra, stationery, headscarves, and long-sleeved shirts.Mizan Home, Pasar MingguThe aid distributed comes in the form of monetary support for operational expenses.The presence of PLN Nusantara Renewables was warmly received at each of these facilities, evoking joy and gratitude from both caretakers and residents. Such initiatives underscore the company's unwavering commitment to operating with a high degree of social responsibility, ultimately fostering the prosperity and well-being of the surrounding communities.
Stunting, a condition characterized by growth failure in children due to inadequate nutritional consumption during pregnancy and the first 1,000 days of life, remains a pressing issue in Indonesia. According to stunting.go.id, in 2022, the national stunting prevalence rate reached 21.6%, indicating that 2 out of every 10 children in Indonesia experience delays in growth and development.Recognizing the severity of this issue, the Government of the Republic of Indonesia has prioritized the "Accelerating the Reduction of Stunting in Under-fives" program in its 2020-2024 National Medium Term Development Plan, aiming to reduce the prevalence rate to 14% by the end of the period. Various strategies have been employed, including enhancing access to nutritious food, providing nutritional education for pregnant and breastfeeding mothers, community-wide campaigns emphasizing the importance of nutrition, and investing in health infrastructure. Additionally, targeted intervention services are offered to directly address stunting causes, led by Posyandu health cadres. These services encompass boosting nutritional intake for pregnant women with chronic energy deficiency, administering blood supplement tablets to pregnant women and teenage girls, offering complementary feeding to children aged 6-23 months, monitoring the development of children under five, and enhancing nutritional intake for malnourished children, among others.Health cadres serve as the backbone of the stunting reduction program, functioning as extensions of the Government, Health Service, and Community Health Centers. They play pivotal roles in developing, assisting, and reporting on the progress of stunted children and those at risk of stunting on a monthly basis. Consequently, PLN Nusantara Renewables is committed to enhancing the capacity of these cadres, in alignment with its dedication to societal well-being.On December 7, 2023, in conjunction with National Health Day, PLN Nusantara Renewables played an active role in accelerating the reduction of stunting prevalence rates in the Cilandak District through its CSR program. The company provided financial support by offering prizes for a quiz event targeting health cadres. Additionally, it supplied cooking equipment to bolster educational initiatives aimed at addressing stunting in the community.This support is an integral component of PLN Nusantara Renewables' CSR program and is in line with the company's 8th Anniversary theme, "Greenfinity through Sustainability," which underscores the interconnected aspects of people, profit, and planet. Through these initiatives, the company exemplifies its dedication to the sustainable well-being of communities, fostering prosperity and productivity among its stakeholders.
Power Purchase Agreement Ratified, PLTS Terapung Tembesi Prepares to Sell Green Electricity to PLN BatamPT PLN Nusantara Power (PLN NP) and PT TBS Energi Utama have signed an Electricity Sale and Purchase Agreement with PT PLN Batam for the PLTS Terapung Tembesi Batam 35 MWac project, equivalent to 46 MWp. The agreement, inked on Monday, February 12, 2024, has a term of 25 years. According to the Regulation of the Minister of Public Works and Public Housing (PUPR), the government permits up to 5% of the reservoir area for the construction of floating solar power plants. Consequently, the second-largest floating PLTS in Indonesia will be erected on part of the Tembesi Reservoir, covering a land area of 864 hectares. PLTS Terapung Tembesi is estimated to require an investment of IDR 481 billion. This project will be developed by PLN NP and TBS through their affiliates, namely PT PLN Nusantara Renewables (PLN NR) with a 51% ownership share and PT Batam Tirta Surya with a 49% ownership share. The goal is to complete the construction of the New Renewable Energy (EBT) plant's first phase by the end of 2024, with overall completion expected in March 2025 to electrify industrial areas in Batam.Hartanto Wibowo, Director of Corporate Planning and Business Development at PT PLN (Persero), stated that PLTS Terapung Tembesi is anticipated to act as a catalyst in attracting foreign investment to Batam Island, thereby bolstering the local economy and sustainable energy infrastructure. Moreover, if other reservoirs such as Duriangkang Reservoir and Sei Harapan Reservoir are utilized, Batam could potentially generate 1 GW of EBT-based electricity. Ruly Firmansyah, Main Director of PLN NP, emphasized that this project serves as a prototype for developing EBT generators outside Java. "Following the successful inauguration of PLTS Terapung Cirata, we aspire to replicate similar projects in several other reservoirs throughout Indonesia," he remarked. To expedite the energy transition, Firmansyah stressed the urgent need for the development of EBT plants across the archipelago.
Jakarta, Indonesia – PLN Nusantara Renewables (PLN NR) convened a General Meeting of Shareholders to discuss the Company's Work Plan and Budget (RUPS RKAP) for the 2024 Fiscal Year on Wednesday (31/01) at The Tribrata Ballroom, South Jakarta. During the meeting, the board of directors presented financial targets, project progress updates, strategies for financial optimization, business development plans, and operational performance projections for 2024 before PLN Nusantara Power and YK PJB, the company's shareholders.The directors outlined their projections, indicating a targeted increase in net profit of 9% in 2024 compared to 2023, with a simultaneous 11% growth in total assets. On the operational front, it was reported that PLTS IKN 50 MW is slated to be operational and expected to sell 7.73 GWh of electricity in 2024.Human resources (HR) emerged as a focal point during the question and answer session. The Director of Human Capital Management and Administration of PT PLN Nusantara Power emphasized the importance of building a competency directory to facilitate talent mobility within the PLN Nusantara Power Group and Joint Venture Company, considering the specific business model of PLN Nusantara Renewables. This input aligns with the ongoing HR talent development program within the company.PLN Nusantara Renewables expressed confidence in meeting the financial, business development, and operational targets outlined during the meeting. The company remains hopeful that the 2024 fiscal year will proceed smoothly, meeting the expectations of all stakeholders and contributing to a greener and more sustainable Indonesian electricity industry.
Jakarta, Indonesia – On January 9, 2023, PLN Nusantara Renewables conducted a formal handover ceremony for the new President Commissioner and Board of Directors. This event marked the conclusion of the tenure of Mrs. Yama Bellatrixiana as President Commissioner, Mr. Amir Faisal as President Director, Mr. Wirawan as Operations Director, and Mr. Ponti Silitonga as Finance Director.Effective from January 1, 2024, as per the Shareholders' Decision outside the General Meeting of Shareholders (Circular) signed on December 27, 2023, leadership roles within PLN Nusantara Renewables have transitioned to:· Mr. Muhammad Bardan as President Commissioner· Mr. Harjono as President Director· Mr. Kuswara as Operations Director· Mr. Rudy Hertanto as Finance DirectorIn his speech, Mr. Amir Faisal expressed his gratitude for the invaluable lessons learned during his tenure as President Director of PLN Nusantara Renewables and extended his best wishes to the new leadership. He remarked, "We are proud to have completed the PLTS Terapung Cirata project before the end of our term. I am confident that under the guidance of the new Board of Directors and Board of Commissioners, PLN Nusantara Renewables will continue to excel and embark on even more prestigious projects in the future."Mr. Harjono, the newly appointed President Director, also shared his vision for the future, stating, "There are numerous projects ahead, including PLTS IKN and Tembesi. We earnestly seek the support of all stakeholders to ensure that the groundwork laid by the previous leadership can be realized according to the expectations of our shareholders."
