Now, We are PT PLN Nusantara Renewables
Ready to optimize new and renewable energy usability with green investment.
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Promoting Earth Sustainability, PT Pembangkitan Jawa Bali Investasi is now transformed into PT PLN Nusantara Renewables.
Join us towards green energy transition!
Learn MoreAbout PLN Nusantara Renewables
Initialy, we were PT Pembangkitan Jawa Bali Investasi as a solution for electricity investment. Currently, we are referred to as PT PLN Nusantara Renewables ready to optimize efficiency of new and renewable energy using green investment.
We are part of PLN Group and PLN Nusantara Power. Our existence shall furnish the support of electricity investment within integrated power business ecosystem.
We provide opportunity to any
developer of Independent Power Producer (IPP) and investors to collaborate with
in order to deliver clean energy for the advancement of Indonesian electricity.
Vision
Becoming a Leading Electricity Investment Company in Sustainable Renewable Energy
Mission
Developing investment portfolio which focus on green energy
Optimizing investment management to ensure corporate sustainability
Promoting talent in investment and sustainable energy
Portfolio
Currently, PT PLN Nusantara Renewables has a total capacity of 3,075 MW project
development across Indonesia
PT PJBI holds 30% shares in PT Shenhua Guohua Pembangkitan Jawa Bali (SPGJB) as JVC of Jawa 7 CFPP and also holds 30% shares in PT Guohua Taidian Pembangkitan Jawa Bali as JVC of Operating and Maintenance Company for CFPP Jawa 7. CFPP Jawa 7 constitutes a strategic project as the first and the biggest PLTU in Indonesia using boiler Ultra-Supercritical technology with low-calorie coal of 4,000 – 4,600kkal/kg AR and also with competitive tariff amounting to 4,2122 cent USD/kWh.
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Batang Toru HPP 510MW is one endevaour of PT PJBI to optimize potential water resources in favour of domestic electricity. This plant is a peaker plant with the specification of water consumption by 0.24 liter per kWh. Batang Toru HPP is targeted for commercial operation in 2026 and expected to be able to directly assist Sumatera electrical system and contribute to improving renewable energy use in Indonesian Government programs.
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This project is a mine-mouth power plant developed to support government programs in terms of local resources use to accommodate electrical system in the South Area of Sumatera. This project is targeted to operate commercially in 2026.
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Floating PV Cirata will be the first Floating Power Plant in Indonesia and the biggest one in South Asia that is targeted to operate commercially in 2023. This project is a realization of PT PJBI’s committment to support the utilization of renewable energy as well as forms a cooperation between Indonesia and the United Arab Emirates.
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This project is a shareholder assignment project to PLN Nusantara Renewables through the PLN Nusantara Renewables GMS on March 31, 2023. In its development, PLN Nusantara Renewables collaborates with Adaro Power and Total Eren. This project will contribute to supporting Indonesia's renewable energy utilization target and net zero emission target.
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The National Capital Solar Power Plant (50 MW). This project is a shareholder assignment project to PLN Nusantara Renewables to support electricity in the planned National Capital City (IKN) of the archipelago. In its development, PLN Nusantara Renewables will partner with strategic partners who are currently in the process of initiation.
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IKN Solar PV Power Plant
(50 MW
The National Capital Solar Power Plant (50 MW). This project is a shareholder assignment project to PLN Nusantara Renewables to support electricity in the planned National Capital City (IKN) of the archipelago. In its development, PLN Nusantara Renewables will partner with strategic partners who are currently in the process of initiation.
Tanah Laut WPP
(70 MW)
This project is a shareholder assignment project to PLN Nusantara Renewables through the PLN Nusantara Renewables GMS on March 31, 2023. In its development, PLN Nusantara Renewables collaborates with Adaro Power and Total Eren. This project will contribute to supporting Indonesia's renewable energy utilization target and net zero emission target.
Batang Toru HPP
(510 MW)
Batang Toru HPP 510MW is one endevaour of PT PJBI to optimize potential water resources in favour of domestic electricity. This plant is a peaker plant with the specification of water consumption by 0.24 liter per kWh. Batang Toru HPP is targeted for commercial operation in 2026 and expected to be able to directly assist Sumatera electrical system and contribute to improving renewable energy use in Indonesian Government programs.
Jawa 7 CFPP
(2 x 1.000 MW)
PT PJBI holds 30% shares in PT Shenhua Guohua Pembangkitan Jawa Bali (SPGJB) as JVC of Jawa 7 CFPP and also holds 30% shares in PT Guohua Taidian Pembangkitan Jawa Bali as JVC of Operating and Maintenance Company for CFPP Jawa 7. CFPP Jawa 7 constitutes a strategic project as the first and the biggest PLTU in Indonesia using boiler Ultra-Supercritical technology with low-calorie coal of 4,000 – 4,600kkal/kg AR and also with competitive tariff amounting to 4,2122 cent USD/kWh.
Sumbagsel 1 Mine Mouth CFPP
(2 x 150 MW)
This project is a mine-mouth power plant developed to support government programs in terms of local resources use to accommodate electrical system in the South Area of Sumatera. This project is targeted to operate commercially in 2026.
Cirata Floating PV
(192 MWp)
Floating PV Cirata will be the first Floating Power Plant in Indonesia and the biggest one in South Asia that is targeted to operate commercially in 2023. This project is a realization of PT PJBI’s committment to support the utilization of renewable energy as well as forms a cooperation between Indonesia and the United Arab Emirates.
News & Article
PLN Nusantara Renewables Achieved the Best of The Best Booth Award at Nusantara Power Connect 2023
On 11-12 September 2023, PLN Nusantara Renewables as part of the PLN Nusantara Power Group, participated in the Nusantara Power Connect 2022: Strengthening The Base, Expanding The Business event held at the Jakarta Convention Centre. The Nusantara Power Connect 2022 event is an annual activity of PLN Nusantara Power which is held regularly as a forum for the PLN Nusantara Power Group to meet, interact and optimise efforts to illuminate the archipelago with various electricity activists.PLN Nusantara Renewables as the investment arm of PLN Group and PLN Nusantara Power, certainly participated in introducing the new face of the company in this activity by developing an interactive booth that provides an opportunity for all stakeholders to get to know the company deeper. Under the name “Renewables”, we strive for innovation to present an environmentally friendly booth, with no paper brochures and flyers, eco-friendly souvenirs and technology optimisation to present visualisations of our cutting-edge projects. Unmitigated, in this event, PLN Nusantara Renewables won the award as Best of The Best Booth Nusantara Power Connect 2023. Our success in getting this award is certainly inseparable from all stakeholders who always inspire us to continue to innovate and create to provide our best dedications. It is our hope that this step of innovation and creation will always continue and develop for the advancement of Indonesian electricity.
Promoting Earth Sustainability, PT Pembangkitan Jawa Bali Investasi is now transformed into PT PLN Nusantara Renewables.
As a form of follow-up to the direction of the Shareholders of PT Pembangkitan Jawa Bali Investasi at the General Meeting of Shareholders of the Annual Accountability Report (GMS LPT) of PT PJBI for the Financial Year 2022 in the form of the Company being asked to change the name of the Company’s legal entity so that it is aligned with the New and Renewable Energy (EBT) development strategy, on July 20th, 2023, PT Pembangkitan Jawa Bali Investasi has legally changed its name to PT PLN Nusantara Renewables. This change is in support of the PLN Group’s green transformation and the Government of Indonesia’s program to achieve net zero emissions by 2050 through the optimisation of green energy use. Now, PT PLN Nusantara Renewables is establishing itself to transition as the PLN Group’s investment vehicle for the development of new and renewable energy Independent Power Producer (IPP) through the development of clean energy-minded talents, building a green investment portfolio and optimising the management of life sustainability investments. All of these efforts are a tangible form of the company’s concern to prioritise the sustainability of the earth to offer a better life for future generations. PT PLN Nusantara Renewables also participates in opening partnership doors for strategic partners with one vision, which is the sustainability of life. Together with PT PLN Nusantara Renewables, let’s make transition to the green energy together!
Achieve Blessings through Qurban with the PJBI Group
Commemorating Eid al-Adha 1444 hijri, PJBI, together with all subsidiaries and affiliated companies donated sacrificial animals in the form of 34 cows and 21 goats. These sacrificial animals have been distributed to the needy community spread across 4 projects under PJBI management as well as around the PJBI office. This program is a form of the company’s concern for the surrounding environment as well as a platform to get to know our stakeholders, namely the community around the office and also PJBI projects. May the blessings always be with us.
Stakeholder Management as a Key to a Successful Income Generation
As an electricity investment company that currently focuses on developing commissioned projects, establishing good communication with subsidiaries and affiliated companies, partners, shareholders and various other stakeholders, coordination is a necessity that is always being prioritized.The achievement of PJBI's net profit of 137% of the plan in 2022 cannot be separated from the contribution of revenue from PJBI’s investment in all Subsidiaries and Affiliated Companies. PLTU Jawa 7 as the only power plant under PJBI management that is already in the operating phase, managed to provide the highest contribution of Rp718.32 B through the SGPJB and Rp269 million through the GHPJB. On the other hand, in 2022 PJBI received its first dividend from PLTU Jawa 7 of Rp107.4 billion. This achievement did not escape the participation of PJBI in bridging communication and coordination with China Shenhua as a fellow shareholder in PT SGPJB and PT GHPJB, PLN as an off-taker and PLN Nusantara Power as a shareholder of PJBI. Meanwhile, good communication with the ultimate shareholder in NSHE, namely SDIC, also took place successfully which resulted in positive development performance of PLTA Batang Toru and contribution of operating income of Rp103.75 Billion. From 2 other projects, namely SSPewali as JVC of PLTU MT Sumbagsel 1 and PMSE as JVC of Cirata Floating Solar Power Plant, good communication was also established through strategic achievements in development performance and contribution to operating income of Rp1.28 Billion and Rp68.83 Billion, respectively.Even more so, PJBI’s journey with the vision of being a World Class Electricity Investment Company still needs to be developed. For us, the Learning Curve will always be rolling to create continuous progress in making the best contribution to Indonesia and the world. The direction from PLN Nusantara Power as the majority shareholder of PJBI is also important as we learnt to ensure every step taken by PJBI is in line with the vision and strategic direction of the shareholders, which will contribute greatly to the Government of Indonesia's target for electricity development. Thank you to all PJBI Subsidiaries and Affiliated Companies, Partners, Shareholders, Regulators and all other stakeholders for their support and good communication during 2022. Hopefully, all communication and synergy will be well maintained to provide clean energy for the progress of the nation.
At a Young Age with a Lean Organisation, PT PJBI Successfully Contributed 16% to PT PLN Nusantara Power's Net Profit June 26th, 2023
On Friday, June 23rd, 2023, a General Meeting of Shareholders was held to approve the Annual Report and Ratification of the Financial Statements of PT PJBI for the Financial Year 2022. With a lean organisation consisting of 3 Directors and a total of 21 employees and only 7 years old at the end of 2022, PT PJBI managed to make various achievements including the achievement of Net Profit of Rp1 Trillion, Operating Revenue of Rp892.15 Billion, Assets of Rp8 Trillion and the highest performance achievement of 102.73. The achievement of this net profit contributed 16% to the achievement of PT PLN Nusantara Power's net profit.As a matter of course, this achievement cannot be separated from the contribution of intensive direction from PLN Nusantara Power as PJBI’s shareholder, the supervision of the Board of Commissioners and the enthusiasm of all elements of the company and stakeholders who support the development of the Company. PJBI is grateful and thankful for all the support given in every step in 2022. For the achievements in 2022, PJBI will continue to strive to expand its wings, fly higher and synergise with all stakeholders to fully contribute to Indonesia’s electricity investment, especially the utilization of New and Renewable Energy. PJBI is ready to accelerate as the motor of PLN Nusantara Power’s investment to achieve its vision as a leading and trusted company in the sustainable energy business in Southeast Asia.
