JAKARTA (The Jakarta Post/ANN): Jakarta Publicly listed PT Indika Energy, one of Indonesia’s top coal miners by output through subsidiary PT Kideco Jaya Agung, plans to cut its coal income to 50 per cent by 2025 amid growing pressures on the global coal industry.
The company, which earned 70 per cent of its total revenue last year from coal sales, plans to diversify into, among other sectors, logistics, metal mining, forest plantations and renewable energy, which includes an ambitious plan to operate nearly 1,000 megawatts peak (MWp) of solar photovoltaics (PVs) by 2025.
Already a subscriber? Log in.
Subscribe or renew your subscriptions to win prizes worth up to RM68,000!
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
