Petrindo

Author: Ansori Muhammad

  • Press Release Petrindo Groundbreaking 680 MW

    Petrindo GroundBreaking 680 MW PowerPlant In East Halmahera

    The groundbreaking of the construction of the Power Plant project was attended by representativesfrom GDI’s shareholders and management, FHT, contractors, and several banks that will fund thePower Plant project, with an estimated project value of US$ 600 million (or equivalent to Rp 10 trillion)

    Jakarta, 4 February 2026  –  PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) hereby announces that its subsidiaryowned through PT Volta Daya Energi Indonesia (VDEI), namely PT Guna Darma Integra (GDI), today has conducted a groundbreaking to mark the start of construction of a 680 MW Power Plant project in the Feni Haltim (FHT) Industrial Park integrated industrial estate, East Halmahera, North Maluku, where FHT Industrial Park is an integrated industrial area as part of the implementation of the Indonesian government’s mineral downstream strategy to realize the potential for the development of electric vehicle battery industry centers in the country

    The groundbreaking of the construction of the Power Plant project was attended by representatives from GDI’s shareholders and management, FHT, contractors, and several banks that will fund the Power Plant project, with an estimated project value of US$ 600 million (or equivalent to Rp 10 trillion).

    “The groundbreaking of this Power Plant project is Petrindo’s commitment to contribute and play an active role in supporting the development of the electric vehicle battery ecosystem, while continuing to increase added value for the energy sector and the nickel industry in Indonesia. The construction of this Power Plant is part of Petrindo’s long-term strategy which is in line with the Company’s vision of creating sustainable value through mineral and energy mining activities,” said Michael, President Director of PT Petrindo Jaya Kreasi Tbk.



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  • Negotiation Announcement in Relation to The Proposed Acquisition of PT Singaraja Putra Tbk

    Negotiation Announcement in Relation to The Proposed Acquisition of PT Singaraja Putra Tbk

    In order to comply with Article 4 paragraph (1) of Financial Services Authority Regulation No. 9/POJK.04/2018 on Takeovers of Public Companies (“POJK 9/2018”), we, PT Petrindo Jaya Kreasi Tbk (IDX Ticker: “CUAN”), hereby inform the negotiation in connection to the proposed acquisition (“Proposed Acquisition”) of PT Singaraja Putra Tbk (IDX Ticker: “SINI”).

    As of the date of this announcement, CUAN (through its subsidiary namely PT Kreasi Jasa Persada and its affiliates) indirectly holds 19.99% of the issued and paid-up capital of SINI and is currently engaged in negotiations with the controlling shareholders of SINI, to discuss, among other things, arrangements regarding the mechanism, the estimated number of shares, the price and the anticipated completion timeline for the Proposed Acquisition. Subject to the outcome of discussions including the execution of definitive agreements and satisfaction of all the required conditions and approvals, it is expected that upon completion of the Proposed Acquisition, then CUAN and/or its affiliates will hold at least 51% (fifty one percent) of the total shares that have been and/or will be issued by SINI, and will obtain control over the management of SINI.

    As required under POJK 9/2018, CUAN, as the new prospective controller of SINI will, or appoint any controlled company by CUAN to, carry out a mandatory tender offer after the Proposed Acquisition has been completed, with due observance of of POJK 9/2018.

    The information of CUAN as the new prospective controller of SINI is as follows:

    PT Petrindo Jaya Kreasi Tbk
    Alamat / Address : Wisma Barito Pacific Tower B, Lt.3 Tower B, Jl. Let. Jend. S. Parman Kav. 62-63, Jakarta 11410
    Telp. / Telephone : 021-5308520
    Surat elektronik / Email : corsec@petrindo.co.id
    Kegiatan Usaha / Business Activities : Aktivitas Perusahaan Holding dan Aktivitas Konsultasi Manajemen Lainnya / Holding Company Activities and Other Management Consulting Activities

    The purpose of this Proposed Acquisition among others, increasing CUAN group’s assets, expanding its business network, and serving as part of CUAN group’s long-term business development plan to become an integrated mining and mining services company.

    In carrying out the Proposed Acquisition including any development of the negotiation process (if any) of the Proposed Acquisition, CUAN will comply with the applicable laws and regulations, including POJK 9/2018.

    We hereby convey this information, thank you for your attention.

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  • Petrindo Records Excess Demand in Bond and Sukuk

    Petrindo Records Excess Demand in Sustainable Bonds I Phase II & Sustainable Wakalah Sukuk I Phase II

     PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) (the “Company”) hereby announces that the Company has successfully recorded 4.5 times oversubscription during the 2025 Shelf-Registered Bond I Phase II and Sustainable Wakalah Sukuk I Phase II 2025.

     

    October 20, 2025 – PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) (the “Company”) hereby announces that the Company has successfully recorded 4.5 times oversubscription during the 2025 Shelf-Registered Bond I Phase II and Sustainable Wakalah Sukuk I Phase II 2025.

    “We really appreciate the trust given by investors to the Company as a reflection of the Company’s solid and sustainable long-term prospects. This trust is a catalyst for the Company to continue to implement a consistent and sustainable growth strategy to create long-term added value for all stakeholders,” said Kartika Hendrawan, Director of the Company.

    Due to the high interest and enthusiasm of investors, the Company provides greater participation opportunities for investors by increasing the number of Bonds and Sukuk units issued, so that the total funds to be raised were previously planned to be Rp. 1 trillion to increase to Rp. 2 trillion. With details of Sustainable Bonds I Phase II Year 2025 with a principal amount of IDR 1.35 trillion and Sustainable Wakalah Sukuk I Phase II Year 2025 with remaining ijarah rewards of IDR 650 billion.

    In line with the improvement in the Company’s business risk profile, the issuance of Bonds and Sukuk in Phase II experienced a decrease in coupon interest rates, namely 8.5% with a tenor of 5 years, compared to the 9% coupon with the same tenor forBonds and Sukuk Phase I issued earlier this year. The improvement in the risk profile strengthens investor confidence in the Company’s business sustainability based on the long mining life of each mine owned, business development through diversification strategies and supported by good financial performance. In line with this, the demand for long-term tenors is also recorded quite high so that the Company issues Bonds and Sukuk with longer tenors compared to Phase I in 2025, namely a 7-year tenor in Phase II with a coupon rate of 9%.

    This issuance is part of the Sustainable Public Offering of Sustainable Bonds I and Sustainable Wakalah Sukuk I programs, with a total of Rp. 3 trillion to be raised. The listing of Bonds and Sukuk Phase II will be listed on October 27, 2025 on the Indonesia Stock Exchange.

    Previously, the Company had obtained a rating of idA (single A) & idA(sy) (single A Syariah) Wakalah Bonds and Sukuk with a stable outlook from PT Pemeringkat Efek Indonesia (PEFINDO) based on data and information from the Company as well asthe Audit Financial Statements as of December 31, 2024.

    Based on the rating certificate issued by PEFINDO, “Debt securities with an idA rating indicate that the issuer’s ability to meet its long-term financial commitments on such debt securities, compared to other issuers in Indonesia, is strong”. Meanwhile, “Sharia funding instruments with an idA(sy) rating indicate that the issuer’s ability to meet longterm financial commitments in Sharia funding contracts compared to other Indonesian issuers in Indonesia is strong”.

     

     

     

    The Company is a holding company that carries out business activities in the mineral and energy mining sector through its subsidiaries. Through its subsidiaries, theCompany focuses on three main business lines, namely mining which includes thermal coal, metallurgical coal, gold, and silver; Mining services that provide integrated mining contract services and EPC services; as well as infrastructure and other services that provide offshore supply base facilities and other infrastructure services

     

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  • Clarification on Media Coverage

    Clarification on Media Coverage

    — In response to the news published by CNBC Indonesia titled “Emiten Prajogo (CUAN) acquisition GDI, Jointly execute a major project with Danantara”,

    Jakarta, 13 October 2025 — In response to the news published by CNBC Indonesia titled “Emiten Prajogo (CUAN) acquisition GDI, Jointly execute a major project With Danantara”, roughly translated to “Prajogo’s company (CUAN) Acquires GDI, Working on a Jumbo Project with Danantara”, we would like to provide the following clarification:

    PT Guna Dharma Integra (GDI), which was recently acquired by PT Petrindo Jaya Kreasi Tbk. (CUAN), is an independent company holding a power plant operating license and is projected to become an electricity supplier for industries located within the Feni Haltim industrial area.Apart from activities related to power supply, GDI currently has no relationship and is not engaged in any discussions regarding any form of investment, either directly or indirectly, with any entities within the Feni Haltim industrial area.

    We issue this clarification so that the investor community and the general public can carefully assess and verify any circulating news reports.

    Sincerely,

    Corporate Communication Petrindo

    For media inquiries, please contact: corpcomm@petrindo.co.id

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  • Petrindo Develops 680 MW Power Plant in North Halmahera Worth 600 Million USD (10 Trillion Rupiah

    Petrindo Develops 680 MW Power Plant in North Halmahera Worth 600 Million USD (10 Trillion Rupiah

    PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) hereby announces that its wholly-owned subsidiary, PT Volta Daya Energi Indonesia (VDEI) has signed a Share Purchase Agreement (SPA) for the purchase of a 90% shares in PT Guna Darma Integra (GDI). 

    October 10, 2025 – PT Petrindo Jaya Kreasi Tbk (IDX: CUAN) hereby announces that its wholly-owned subsidiary, PT Volta Daya Energi Indonesia (VDEI) has signed a Share Purchase Agreement (SPA) for the purchase of a 90% shares in PT Guna Darma Integra (GDI). 

    GDI will develop a 680 MW Power Plant project in the Feni Haltim (FHT) Industrial Park integrated industrial estate, East Halmahera, North Maluku. The estimated value of the project is estimated to reach US$ 600 million (or equivalent to Rp 10 trillion) with a target of implementing project construction for 28 months.

    “The signing of this agreement reflects Petrindo’s commitment to play an active role in supporting the development of the electric vehicle battery ecosystem, while continuing to increase added value for the energy sector and the nickel industry in Indonesia. This acquisition is part of the Company’s long-term strategic plan in the development of new energy in line with the Company’s vision to create more value in a sustainable manner through mineral and energy mining,” said Michael, President Director of PTPetrindo Jaya Kreasi Tbk.

    Feni Haltim (FHT) Industrial Park is an integrated industrial estate that is part of the implementation of the Indonesian government’s mineral downstream strategy to realize the potential for the development of electric vehicle battery industry centers in the country.

     

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