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
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.
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.
Starting January 1st, 2024, according to The Shareholder’s Decision Outside the General Shareholders Meeting (Circular) signed on December 27th, 2023, the leadership baton at PLN Nusantara Renewables has shifted towards the new era of leadership. We extend a warm welcome to Mr. Harjono as the President Director, Mr. Kuswara as the Director of Operations, Mr. Rudy Hertanto as the Director of Finance, and Mr. Muhammad Bardan as the President Commissioner. Hopefully, the new era of leadership will provide fresh insights for achieving the company’s goals and driving growth in the renewable energy sector. We would also like to express our utmost gratitude to our former leaders-- Mr. Amir Faisal as the President Director, Mr. Wirawan as the Director of Operations, Mr. Ponti Silitonga as the Director of Finance, and Mrs. Yama Bellatrixiana as the President Commissioner—who had guided the company towards its valuable successes. We look forward to a brighter future in this new era of PLN Nusantara Renewables. We are confident that the company will continue to build a sustainable and impactful portfolio in the field of green energy electricity. May the close collaborations between the leaders and all employees lead the company towards even greater achievements in the energy transition process.
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.
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!
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.
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.