POWR Establishes Subsidiary for Renewable Energy Investment

Public News|June 21, 2025

Jun 21, 2025 - PT Cikarang Listrindo Tbk (POWR) officially established a new subsidiary named PT Energi Baik Alami (EBA). 

This move is part of the company's expansion into the renewable energy sector. 

The establishment of EBA is stipulated in Deed of Establishment No. 14 dated June 16, 2025. This deed was ratified by the Minister of Law and Human Rights through Decree No. AHU-0049293.AH.01.01.TAHUN 2025 on June 18, 2025. 

POWR holds 49,999 shares, representing 99.998 percent of the total paid-up and issued capital of EBA. 

"EBA will operate as a holding company and will focus on managing and developing investments in the renewable energy sector," wrote POWR Corporate Secretary Rani Maheswari Miraza in an information disclosure to the Indonesia Stock Exchange (IDX) on Thursday (June 19, 2025). 

POWR management explained that the establishment of EBA is expected to have a positive impact on business continuity and support the company's long-term development. 

POWR is a private electricity provider serving the industrial areas around Cikarang, West Java. 

The company operates the MM-2100 Gas-Fired Power Plant (PLTG), the Jababeka Gas and Steam Power Plant (PLTGU), and the Babelan Steam Power Plant (PLTU). The total generating capacity reaches 1,144 megawatts (MW). 

In addition, POWR also manages a rooftop solar power plant (PLTS) with a capacity of 21.2 megawatts peak (MWp). 

Source: Kompas