TOBA signs MoU on EBT business with Adaro and Medco Power

JAKARTA.

PT Energi Baru TBS (EBT), a subsidiary of PT TBS Energi Utama Tbk (TOBA), has signed a memorandum of understanding with PT Adaro Clean Energy Indonesia (ACEI) and PT Medco Power Indonesia (MPI) for the development of renewable energy.

The memorandum of understanding also includes cooperation in the industrialization opportunities of the solar PV/BESS supply chain in Indonesia. “This partnership will strengthen our contribution to the development of existing and new renewable energy projects for Indonesia’s greener future,” said Dimas Adi Wibowo, President Director of EBT, in an official statement.

Wibowo added that the memorandum of understanding is also a commitment by the company together with Adaro and Medco to promote the development of renewable energy infrastructure and industry. Renewable energy sources are projected to contribute up to 50% of domestic electricity generation by 2060.

The cooperation between EBT, Adaro, and Medco will be realized in solar power plant projects, as well as manufacturing facilities for the solar panel supply chain and BESS. “Thus, EBT and its business partners hope to provide a positive impact on the environment, society, and the Indonesian economy,” explained Wibowo.

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