Tag: Indonesia

Indonesian SOE Minister Erick Thohir Inaugurates PERTAMINA PRIDE

State-Owned Enterprises (SOE) Minister Erick Thohir was at the Port of Semangka Bay, Kota Agung, Tanggamus Regency to inaugurate the PERTAMINA PRIDE, the Very Large Crude Carrier (VLCC) commissioned by Pertamina International Shipping (PIS), the shipping sub-holding of PT Pertamina.

Handover of PERTAMINA PRIDE VLCC model replica to SOE Minister Erick Thohir with PT Pertamina President Director Nicke Widyawati and Board of Directors of Pertamina and Pertamina International Shipping (PIS) at the inauguration, Semangka Bay, Lampung (4/15).

The ceremony was held onboard, the Minister joined by Pertamina President Director Nicke Widyawati and Director of Logistics and Infrastructure Mulyono, PIS President Director Erry Widiastono and PIS President Commissioner A. Junaedy Ganieand, and representatives of Pertamina management in Lampung.

Minister Erick said state-owned enterprises must contribute to maintaining Indonesia’s energy security, with its natural wealth and natural products, while Pertamina was expected to help transform its units amid rapid ongoing changes, such as the impact of the COVID-19 pandemic. “Pertamina must remember its heyday in the 70s, become a global player and be ready to compete based on good corporate governance,” said the Minister.

As a consumer-oriented shipping company, PIS continues to strive to meet energy needs by continuing to produce various breakthroughs. One of these is the PERTAMINA PRIDE. Built at the Japan Marine United (JMU) Shipyard since 2018 and sailing since February 9, 2021, this giant tanker was handed over, able to carry out its duties to distribute energy in Indonesian waters.

The tanker, which has a capacity of 2 million barrels, is a tangible form of PIS’s commitment to improving quality and service. The PERTAMINA PRIDE aims to simplify the flow of energy distribution and secure the supply of captive crude to the Pertamina refinery FOB Ras Tanura to Cilacap more efficiently so that it is ready to become the lifeblood of the national energy distribution.

PIS also supports ambitions to become the leading integrated logistics company in Asia, centred on petroleum with new growth industries, integrated logistics and services, and green energy business segments. PIS formed a roadmap strategy of 3 phases, emphasizing the integration of PIS with other Pertamina subsidiaries, becoming an integrated logistics company in Indonesia, and becoming a sustainable and leading energy transportation company in the region.

President Director Nicke said investment in the two new vessels, PERTAMINA PRIDE and the PERTAMINA PRIME (under construction), were in line with shareholder directives to ‘go global’. As a shipping company, Nicke continued, PIS was transforming into a globally integrated logistics solution provider as it not only had the ships, but facilities and storage at the port as well. “Thus, the value chain managed by PIS will also get larger,” she said.

Energy Needs in Indonesia

There is an upward trend in consumption of the various energy and fuels, with Indonesia’s total energy consumption increasing by a 3.5% CAGR from 100.1 million mtoe in 2000 to 185.5 million mtoe in 2018. PIS sees this energy consumption growing each year, from increasing demand for transport fuel to the widespread use of LPG for household needs.

“We see a significant increase in energy consumption in Indonesia, but we are optimistic that we can continue to meet energy needs for the country. The presence of PRIDE in Indonesian waters shows our determination to be a leading shipping company, regionally and internationally. Let’s move towards the future together, ‘Shipping The Energy Worldwide, Energizing The Nation With Pride, PT PIS Delivering Promises,'” said PIS President Director Erry Widiastono.

About PT Pertamina International Shipping (PIS)

PT PIS, a sub-holding company of PT Pertamina (Persero), was established with a vision of becoming the leading shipping company in Asia, and driving economic growth in Indonesia. To realize this vision, PIS is aiming to be an agent of Indonesia’s economic development with safe and sustainable operations, to become a trusted and reliable maritime partner, as well as creating value for stakeholders in running their business.

Media contact:

Roberth MV Dumatubun
E: roberth@pertamina.com
Manager, Stakeholder Relations
Pertamina International Shipping (PIS)
https://www.pertamina-pis.com

International Jatiluhur Jazz Festival 2019 draws thousands to the green of Jatiluhur Dam

One of the International Jatiluhur Jazz Festival 2019’s headliners, Krakatau and Steve Thornton taking picture with the audience

The 1st edition of International Jatiluhur Jazz Festival (IJJF) 2019, organized by Indonesian state-owned enterprise (SoE) Jasa Tirta II, drew to a close on December 2, having successfully attracted audiences of thousands from across Indonesia.

Corporate Secretary of Jasa Tirta II Dadan Hidayat said that he never expected such great interest from the public in enjoying an array of domestic and international multi-genre music performers against the ‘green’ of the largest dam in Indonesia, Jatiluhur Dam.

“With audiences of approximately 2,500 on the first day and 3,000 on the second day, we are extremely surprised with the public’s interest,” he stated. “It is also tremendous support for the future editions of JatiluhurJazz.”

Headlining the Festival were Dwiki Dharmawan and World Peace Project feat. Steve Thornton, while the other lineup including Palestinian musician Kamal Musallam, Wizzy, Syaharani & Queenfireworks, Java Jive, Mus Mujiono, Krakatau, 57kustik, Moccondoss 40, Selaawi Ethnic Ensemble, Ermy Kullit, Indro Hardjodikoro feat. Kayla Dias, Farabi Big Band feat. Ita Purnamasari, Idea Percussion, Uban Project, Marcell, Via Vallen and Zaskia Gotik.

Beyond music and art, International Jatiluhur Jazz Festival 2019 also became a strategic and representative platform for SoE-fostered small and medium enterprise (SME) partners to showcase and market their products to the public. Jasa Tirta II and PT Pos Indonesia were but two of the SoEs that brought their SME partners.

CEO of Jasa Tirta II U. Saefudin Noer said International Jatiluhur Jazz Festival 2019 was larger than just a music festival – it was a campaign to promote Jatiluhur Dam as a ‘green’ destination, raise awareness for the environment, and to boost domestic and international tourism and boost the local economy.

“We want to show the world, and the tourism industry in particular, that Jatiluhur Dam has the ‘wow’ factor to be the next big thing in Indonesia,” concluded Saefudin. “See you all at the next edition International Jatiluhur Jazz Festival 2020.” (C) Antara.

1st International Jatiluhur Jazz Festival 2019 kicks off in style at the Jatiluhur Dam

The 1st International Jatiluhur Jazz Festival (IJJF) 2019 took place on November 30 & December 1 at Indonesia’s largest dam, the Jatiluhur Dam, in Purwarkarta, West Java. The IJJF was produced by Jasa Tirta II, the State-Owned Enterprise (SoE) which manages the Dam and its regions.

Morning Glory Tower (right) shining bright in the night for the first time since its establishment in 1957

Minister of State-Owned Enterprises (MSoE) Erick Thohir stated that the Festival was a form of SoE synergy to boost the potential of economic hubs outside Jakarta. “SoEs can never stand alone like an ivory tower; SoEs are inarguably meant to be contributive to the society and the nation,” said the minister.

CEO of Jasa Tirta II, U. Saefudin Noer (second from the right) kicks off IJJF 2019

IJJF 2019 was the inspiration of Jasa Tirta II, the sole SoE officially appointed by the Government of Indonesia to manage the Jatiluhur Dam. Jatiluhur Dam is located 70 km from the country’s capital city, Jakarta, and has pivotal roles in provisioning hydroelectric power generation, water supply, and flood control, to name a few, for the West Java and Jakarta.

CEO of Jasa Tirta II, U. Saefudin Noer said, “Themed ‘Green, Water & Life’, the Festival is held to help promote Jatiluhur Dam as one of West Java’s leading tourist destinations. The theme represents Jasa Tirta II’s commitment to conserving nature in everything that we do. And through such an event, we believe that we can spread this spirit to the audience.”

Jasa Tirta II had the pleasure to collaborate with top Indonesian musician Dwiki Dharmawan as the artistic director of the Festival, and in leading the line up of performers with his band World Peace Project feat. Steve Thornton.

Sharing the stage were Palestinian musician Kamal Musallam, Wizzy, Syaharani & Queenfireworks, Java Jive, Mus Mujiono, Krakatau, 57kustik, Moccondoss 40, Selaawi Ethnic Ensemble, Ermy Kullit, Indro Hardjodikoro feat. Kayla Dias, Farabi Big Band feat. Ita Purnamasari, Idea Percussion, Uban Project, Marcell, Via Vallen and Zaskia Gotik.

Regent of Purwakarta Anne Ratna Mustika said that IJJF 2019 is believed bring a significantly positive impact to the locals, and greatly appreciates Jasa Tirta II’s initiative to support the regency’s mission to promote the tourism sector. “An event this big will absolutely affect the local economy, especially the small and medium-sized industries,” she concluded. (C) Antara.

Mighty Earth Complaint to Forest Stewardship Council (FSC) for dissociation of Korindo dismissed by FSC

Mighty Earth, a US NGO, filed a complaint to FSC that the Korindo Group should be dissociated from FSC.

On November 1, 2017, FSC initiated an investigation on alleged violations of the Policy for the Association of Organizations with FSC.

It should be underscored that there can be only two outcomes of the FSC investigation, dissociation if proven guilty of the charge or maintaining association if proven innocent. Nothing else, nothing in between.

On July 15, 2019, the FSC Board of Directors announced that the Korindo Group is not to be dissociated from FSC, and is to remain associated with FSC.

FSC investigated all of ME claims, rejected its key allegations as unfounded, including the one that Korindo used fires. FSC’s investigation concluded that Korindo did not set fires, and that Korindo was not involved in illegal activities by use of fire. This was the FSC conclusion that was released to the public on July 23, 2019.

Mighty Earth has been spinning the FSC decision by avoiding the facts, and distorting the cause and outcome of the investigation itself for those who are not familiar with the FSC mechanism and process.

Korindo social programmes include having built, managing and funding a state of the art full-service hospital (voted as the Best Primary Clinical Hospital in Papua and West Papua by the Indonesian National Health Insurance), 19 medical clinics, 28 schools along with school buses and some 200 teachers, 66 mosques/churches, providing infrastructure of free power supply and several hundred kilometers of roads, vocational training of chicken and vegetable farming, and has begun, inter alia, introducing clean cookstoves and compost toilets.

Korindo will not let allegations, which already have been fully investigated and rejected, and harm Korindo and some 100,000 Indonesians who work with Korindo, be repeated.

For media enquiries:
Public Relations Department, Korindo Group
Email: corpcom@korindo.co.id
www.korindo.co.id

IFC To Invest $100m in Indonesia’s Subang Industrial Estate

The International Financial Corporation (IFC), a member of the World Bank Group, is providing $100 million in loan package to Indonesia’s Surya Semesta Internusa (SSIA), which is developing a new 2,000-hectare green state of the art industrial estate in Subang, West Java.

The development is set to provide over 34,000 jobs, according to an IFC statement.

Located along the Trans Java toll road network, the Subang industrial estate will provide modern infrastructure for both international and domestic manufacturing firms.

It is strategically positioned for access to the newly opened Kertajati International Airport and the Patimban Deep Sea Port currently being developed in Subang, a national strategic project.

SSIA believes that this first investment by IFC in the company will create markets that open up greater opportunities for the future of its new Subang City of Industry project.

“We are extremely pleased to partner with IFC for the development of the new Subang industrial estate,” said SSIA’s President Director, Johannes Suriadjaja. “In addition to providing long term capital, we believe our collaboration with IFC will help set a new sustainable green standard for the sector through the use of the latest technology, and spur other industrial estate developers to follow a similar path.”

In formally signing the deal at a ceremony in Bali, IFC CEO Philippe Le Houérou said IFC also planned to boost investments in the country’s tourism sector, in support of the Government of Indonesia’s efforts to accelerate tourism development in key destinations across the country.

“The tourism sector offers tremendous opportunity for the future growth of Indonesia,” he said. “For the country to unlock its true potential, tourism development must move increasingly beyond Bali to other destinations.”

Subang City of Industry is envisioned as a model for tomorrow’s industrial estate by becoming the first smart and sustainable industrial estate for customers and society in Indonesia. This is in line with SSIA’s vision for Building a Better Indonesia.

Also Read: Keppel Capital To Launch A$1bn Wholesale Property Fund in Australia

A key feature of the new Subang estate will be its innovative green features, such as electric transportation, solar panels and water and power efficient technologies.

It will be the first industrial estate to promote IFC’s green buildings standards, with both SSIA and its manufacturing tenants aiming to achieve at least 20 percent savings in energy, water, and materials compared to other similar developments.