Our Synergy

As Indonesia’s leading integrated energy company, we bring together energy resources, energy services, and energy infrastructure into a complete value chain which provides energy solutions to meet the national and global needs.

READ MORE

Ensuring Sustainability

Indika Energy believes that long-term growth in energy markets hinges on concern for and nurturing of the natural environment and relationships with communities. Therefore, we strive to be a responsible citizen of the regions, especially where our operations take place.

READ MORE

Corporate Social Responsibility

As Indonesia’s leading integrated energy company, we bring together
energy resources, energy services, and energy infrastructure into a complete value chain
which provides energy solutions to meet the national and global needs

Our DNA is "Energy Synergy"

Indika Energy as one of Indonesia’s major energy businesses, guides a group of major operating companies and a number of other business entities with extensive experience in the coal, oil and gas energy sectors. With a highly skilled workforce, the expertise stretches across the value chain from energy resource exploration to electricity generation.            

In 2008, Indika Energy was listed on the Indonesian Stock Exchange (IDX) in the midst of its drive to consistently develop and expand its business scope both organically and through acquisitions to firmly encompass all aspects of the energy resources, services and infrastructure sectors, which have become its three key business pillars.

Over time, Indika Energy has grown to become a fully integrated energy company with the capacity to sustainably extract increasingly greater value through leveraging synergic linkages in all of the operations. These linkages span from exploration, engineering, construction, production, shipping and transshipment to domestic and international customers to the utilization of the produced coal for electrical power generation.

In tandem with income from synergic cross-selling of services to clients among Indika Energy businesses, long-term cost control enhanced by the synergy of integrated operations stabilizes earnings and facilitates cash flow as the energy service and infrastructure business diversification contributes more significantly. This business portfolio strategy of complementary products and services to domestic and international customers is a core strength.

Indika Energy's Three Business Pillars

Vision

To be a world-class Indonesian energy company recognized for its integrated competencies on energy resources, services and infrastructure.

Mission

  • To capitalize on the abundant energy resources in support of the global economic growth

  • To create integration and synergies across businesses

  • To create optimum shareholders value

  • To continuously develop its human capital

  • To become a good corporate citizen

Values

  • Integrity: Honest with oneself, others and one’s work at every moment by upholding prevailing ethical standards and legal norms

  • Unity in diversity: Viewing diversity as an asset to the company and accepting, valuing, completing and strengthening one another as a solidly unified entity

  • Teamwork: Actively contributing and collaborating based on trust and shared interests rather than personal interests

  • Achievement: Achievement as the measure of success and the motivation to do what is best for the company

  • Social Responsibility: Highly concerned for the environment and community, and contributing added value as well as contributing to the prosperity of the society

Our Strategy

Making the Best of a Challenging Situation

Indika Energy’s long-term business strategies are reflected in its focus on creating synergies within the three business pillars, boosting organic growth and expanding through acquisitions. However, due to the prolonged coal market downturn, Indika Energy focuses its efforts on strengthening resilience in the face of adverse effects from the global situation.

  • CAPITALIZE
  • INTEGRATE
  • LEVERAGE
  • OPTIMIZE
  • DIVERSIFY
  • 1. To capitalize on Indonesia’s abundant natural resources and growth in energy demand, including identifying and acquiring attractive energy investments

    Indika Energy seeks out investments in the energy sector through a disciplined acquisition approach based on deep comprehension of energy assets. This requires Indika Energy to stay informed of natural resources regulatory development and to promote Indonesia’s economic development through its domestic and international interests.

  • 2. To integrate diverse energy platforms and extract operational efficiencies

    Indika Energy’s expertise and capabilities now span the entire coal energy operations business chain. Improved operational flexibility, cost management, and the provision of efficient services to clients throughout the value chain are critical to extracting synergies from this integration.

  • 3. To leverage existing partnerships and expertise in the energy sector by pursuing initiatives aimed at supplying and serving new markets

    Currently, Indika Energy plays a considerably large role in the coal mining industry as well as nationwide energy services, including the logistics and energy infrastructure (power plant) businesses. Kideco’s international customers include leading power plant companies from 16 countries across Asia and Europe. Its eco-friendly, low-calorific, low-ash and low-sulfur coal provides the possibility, through blending, of creating new products for new markets.

  • 4. To optimize production operational efficiencies by leveraging existing assets for productivity and efficiency in mining operations

    Through the implementation of structured planning and corporate work plans, Indika Energy strives to achieve optimal efficiencies in the use of resources, cost management, fleet management and operational flexibility.

  • 5. To continue to diversify earnings sources and stabilize cash flows

    Indika Energy’s business includes integrating attractive investments to diversify and grow earnings, while maintaining financial prudence to ensure value protection.

Indika Energy Group’s Operations

Jambi Merang EPC Gas Production Facilities

Project Description

Tripatra delivered EPC for a 130 MMSCFD gas production and processing facility project in Jambi, Central Sumatra, for the Pertamina-Hess Joint Operations Body, which involved development of facilities for CO2 and mercury removal, a NGL storage facility, a LPG recovery plant, a Moelsive dehydration system, and a TEG package.

Location Jambi, Central Sumatra

South Sumatra NGL Extraction Plant

Project Description

In 2010, Tripatra signed a contract with PertaSamtan Gas for the development of an NGL extraction Plant that includes lean gas and reception facilities, a dehydration unit, a LPG fractionation plant with a SKG-10 metering station, and a jetty, as well as a receiving station, along with the installation of 87 kilometers of NGL pipeline.

Location Palembang, South Sumatera

Cirebon Electric Power (CEP)

Project Description

In 2008, CEP began construction of a 660 Mega Watt coal-powered steam electrical power plant in Kanci, Cirebon, West Java. Completed in 2012, the plant, which uses low caloric coal, succeeds in keeping Nitrous Oxide emissions significantly lower than government specifications through supercritical technology, which also results in improved cycle efficiency and lower coal consumption.

LOCATION Kanci, Cirebon, West Java

Banyu Urip EPC 1 Production Processing Facilities

Project Description

In 2011, Tripatra commenced the construction of processing facilities, well pads, flow lines, utility systems, and oil export facilities as part of the EPC of Central Processing Facilities for Mobil Cepu Limited in Cepu, Bojonegoro.

Location Cepu, Bojonegoro, East Java

Onshore Oil Treating/Storage and LPG Recovery Plant

Project Description

Tripatra signed a 2-year contract with Hess Ltd. for the development of facilities in Gresik, East Java, including a 200,000 BPD oil treating facility, a 130 MMSCFD (gas sales) & 6,500 BPD (LPG mix) LPG recovery facility and jetty modification.

Location Gresik, East Java

EPC Senoro Gas Development Production Facilities

Project Description

In 2012, Tripatra commenced the EPC of a Gas Processing Plant, including sulfur removal equipment and a Central Processing Plant in the Senoro field of Luwuk, Banggai Regency, Central Sulawesi, for Pertamina Medco E&P Tomori Sulawesi.

LOCATION Luwuk, Banggai Regency, Central Sulawesi

Kuala Pelabuhan Indonesia (KPI)

Project Description

Kuala Pelabuhan Indonesia (KPI) provides integrated operations, logistics, maintenance, and port management services exclusively to Freeport Indonesia at its port and logistics facilities in Timika, Papua.

Location Timika, Papua

Mitra Energi Agung (MEA)

Project Description

MEA is a 5,000 hectare greenfield low-rank (3,750 - 4,000 Kcal GAR) coal concession. Initial exploratory drilling by the MEA team of geologists has determined that the site could bear 40 million tons of reserves and 100 million tons of resources.

Location East Kutai, East Kalimantan

Santan Batubara

Project Description

Santan undertakes surface open-cut coal mining at a 24,930 hectare concession area in Kutai Kartanegara and Kutai Timur Regency in East Kalimantan. Based on 2011 JORC estimates, coal resources stood at 61.5 million tons, with coal reserves at 17.3 million tons. In the same period, non-JORC exploration estimated coal resources to reach 222.2 million tons, with reserves of 30.6 million tons. In response to the coal market downturn, Santan produced 1.8 million tons of coal in 2013, a decline of 32.1% from 2.6 million tons in 2012.

Location Kutai Kartanegara and Kutai Timur Regency, East Kalimantan

Energy Services

Santan Batubara Open Cut Coal Mining

In 2009, Santan Batubara awarded Petrosea a 60-month mine services contract for the 9.5 million tons of coal and 99 million tons BCM of overburden. Petrosea undertakes development of its 50% owned CCoW lease area, in partnership with Harum Energy, approximately 2 hours to the northwest of Samarinda, East Kalimantan.

Location

Kutai Kartanegara & Kutai Timur Regency, East Kalimantan

Adimitra Baratama Nusantara (ABN) Overburden Removal and Coal Loading

PT Petrosea Tbk undertook a 60-month contract for ABN involving the removal of overburden and coal loading in Sanga Sanga, East Kalimantan, in August 2009.

Location

Sanga Sanga, East Kalimantan

Gunung Bayan Overburden Removal & Coal Loading

Project Description

In March 2012, Petrosea’s longest running mining project in East Kalimantan begun in 1999, was extended for 5 years until 2017. Petrosea is applying a new technology driven Fleet Management System for this project and has achieved escalation of productivity and fleet optimization.

Location Muara Pahu, East Kalimantan

Kideco Jaya Agung

Project Description

Kideco, Indonesia’s third largest coal producer, operates in Paser Regency, East Kalimantan, where it has more than 600 million tons of reserves and 1,300 million tons of resources consisting of environment-friendly sub-bituminous coal containing very low levels of sulfur and ash, which produce relatively low levels of nitrogen during combustion. Kideco’s coal production reached 37.3 million tons in 2013.

Location Paser Regency, East Kalimantan

Multi Tambangjaya Utama (MTU)

Project Description

MTU’s mine provides bituminous thermal and coking coal under a third-generation CCoW valid into 2039. MTU has haul roads and a conveyor jetty with crusher as well as a barge port and is expanding its infrastructure.

Location Palangkaraya, Central Kalimantan

Kideco Jaya Agung Waste Removal & Coal Loading

Project Description

In 2011, Petrosea commenced a five-year contract for operations requiring delivery of 26 million tons of coal and 110 million tons of BCM overburden in East Kalimantan.

Location Paser Regency, East Kalimantan

Floating Crane Blitz

Project Description

MBSS has a fleet of 7 Floating Cranes consisting of single and double cranes, and a double crane with a conveyor belt system, which unload bulk materials from barges and transfer them to anchored mother vessels for transshipment.

Location East Kalimantan

Floating Crane Princess Chloe

Project Description

MBSS has a fleet of 7 Floating Cranes consisting of single and double cranes, and a double crane with a conveyor belt system, which unload bulk materials from barges and transfer them to anchored mother vessels for transshipment.

Location East Kalimantan

Petrosea Offshore Supply Base (POSB)

Project Description

Located at Tanjung Batu, Balikpapan, East Kalimantan, POSB provides efficient and effective solutions for offshore oil and gas companies with its 195-meter jetty, three deep-water quays, extensive crane and material handling equipment, as well as low-cost hard stand and undercover storage facilities. POSB also features offices, workshops and international standard pollution control facilities.

Location Tanjung Batu, Balikpapan, East Kalimantan

Floating Crane Abby

Project Description

MBSS has a fleet of 7 Floating Cranes consisting of single and double cranes, and a double crane with a conveyor belt system, which unload bulk materials from barges and transfer them to anchored mother vessels for transshipment.

Location East Kalimantan

Floating Crane Ben Glory

Project Description

MBSS has a fleet of 7 Floating Cranes consisting of single and double cranes, and a double crane with a conveyor belt system, which unload bulk materials from barges and transfer them to anchored mother vessels for transshipment.

Location East Kalimantan

Floating Crane Rachel

Project Description

MBSS has a fleet of 7 Floating Cranes consisting of single and double cranes, and a double crane with a conveyor belt system, which unload bulk materials from barges and transfer them to anchored mother vessels for transshipment.

Location South Kalimantan

Floating Crane Nicholas

Project Description

MBSS has a fleet of 7 Floating Cranes consisting of single and double cranes, and a double crane with a conveyor belt system, which unload bulk materials from barges and transfer them to anchored mother vessels for transshipment.

Location South Kalimantan
ENERGY
RESOURCES
ENERGY
SERVICES
ENERGY
INFRASTUCTURE

The Journey of Indika Energy

  • 1972
  • 1973
  • 1982
  • 1993
  • 1997
  • 2000
  • 2004
  • 2006
  • 2007
  • 2008
  • 2009
  • 2010
  • 2011
  • 2012
  • 2013
  • 1972

    • Petrosea was established
  • 1973

    • Tripatra was established
  • 1982

    • Kideco Jaya Agung was established
    • Kideco Jaya Agung received First Generation Coal Contract of Work (CCoW) from the Government of Indonesia
  • 1993

    • Kideco Jaya Agung achieved installed capacity of 2.3 million metric tons per annum (MTPA); starts commercial production at Roto North mine
  • 1997

    • Kideco completed second expansion phase; increasing installed capacity to 7.5 million MTPA
  • 2000

    • Indika Energy was established
    • Kideco Jaya Agung completed the third phase expansion; increasing installed capacity to 16 million MTPA
  • 2004

    • Indika Energy acquired a 41% stake in Kideco Jaya Agung
  • 2006

    • Indika Energy acquired additional 5% stake in Kideco Jaya Agung which increased its ownership to 46%
  • 2007

    • Indika Energy completed mergers with Tripatra and Ganesha Intra Development Company
    • Cirebon Electric Power (CEP) was established. a 660 MW coal-fired steam power generation plant in which Indika Energy owns a 20% stake
    • Tripatra acquired a 45% stake in Cotrans Asia, a coal logistics company established in 2004
  • 2008

    • Indika Energy launched its Initial Public Offering (IPO) on the Indonesia Stock Exchange, offering 937,284,000 shares or 20% ownership
    • Sea Bridge Shipping was established as a transshipment service company in which Tripatra owns a 46% stake
    • Kuala Pelabuhan Indonesia became a wholly owned subsidiary of Tripatra through acquisition of additional 50.1% stake
    • Intan Resources Indonesia was established
    • Indika Energy acquired a 100% stakes in Indika Capital Pte Ltd. (previously Westlake Capital Pte Ltd) and Citra Prima Indah
  • 2009

    • Indika Energy acquired 98.55% stake in Petrosea
    • Indika Energy issued US$230 million in Senior Notes due in 2016
  • 2010

    • Indika Logistics and Support Services (ILSS) was established
    • Indika Energy entered into Option Agreement to acquire a 51% stake of Mitrabahtera Segara Sejati (MBSS)
  • 2011

    • Indika Energy acquired 51% stake in MBSS
    • Tripatra undertook join consortium with Samsung Engineering
    • Indika Energy issued US$300 million Senior Notes due in 2018; comprising new issuance of US$115 million and exchange of US$185 million of the Senior Notes due in 2012
  • 2012

    • Indika Energy divested 28.75% of its shares in Petrosea
    • Indika Energy acquired 60% stake in Mitra Energy Agung
    • Indika Energy acquired 85% stake in Multi Tambangjaya Utama
    • Cirebon Electric Power, a 660MW coal-fired steam power generation plant, reached Commercial Operation Date (COD) and operated fully
  • 2013

    • Indika Energy signed principal agreement with China Railway Group Limited to jointly develop mining and transportation infrastructure projects in Papua and Central Kalimantan
    • Indika Energy acquired a 10% participating interest in Southwest Bird's head PSC with Total E&P Indonesia West Papua controlling the remaining 90% interest
    • Indika Energy issued US$ 500 million Senior Notes with 6.375% coupon due in 2023 and exercised early redemption of US$ 230 million Senior Notes with 9.75% coupon due in 2023
    • MTU obtained a borrow-to-use permit

Good Corporate Governance for Sustainable Operations

At Indika Energy, the Good Corporate Governance principles of transparency, accountability, responsibility, independency, fairness and equality are core elements of the corporate structure as reflected in the Board of Commissioners, Audit Committee, Good Corporate Governance (GCG) Committee, Human Capital Committee, Risk and Investment Committee, Board of Directors, and Corporate Secretary, all of which are inspired by the company values and Code of Business Conduct.

Good Corporate Governance (GCG) Committee

The GCG Committee assists the Board of Commissioners with the comprehensive review of the corporate governance policies set out by the Board of Directors and with the assessment of implementation consistency; especially in the case of the business ethics and Corporate Social Responsibility policies.

Audit Committee

The Audit Committee assesses quarterly and annual consolidated financial statements to assure the Board of Commissioners that they are properly prepared in accordance with Indonesian Statements of Financial Accounting Standards. This ensures complete and accurate content that enables identification and provision of solutions with the Board of Director before publication.

Risk and Investment Committee

The Investment Committee assists the Board of Commissioners with reviewing the risk management system established and implemented by the Board of Directors. This monitoring and review is imperative to ensure careful assessment of the Company’s risk tolerance and the appropriate initiation and timely implementation of corporate actions.

Human Capital Committee

The Human Capital Committee assists the Board of Commissioners with scrutinizing, reviewing and approving the ongoing upgrading and expansion of the Corporate Organization Structure in line with the growth of the Company, as well as overseeing employee remuneration and benefits and the implementation of employee training and professional development.

Report a suspected misconduct?

As part of our Good Corporate Governance, Indika Energy implements whistleblowing system as a reporting mechanism to the management should anyone observe situations involving suspected fraud, misappropriation, cheating, conflict of interest, violation of the law or regulation or Indika Energy’s code of business conduct, or any forms of misconduct.

BE A WHISTLEBLOWER

Recognitions

  • Bank Indonesia’s Best Foreign Exchange and Foreign Loan Pioneer 2013

    Through this award, Bank Indonesia conveyed appreciation and respect to PT Indika Inti Energy (the initial entity of PT Indika Energy Tbk) for its good foreign exchange reports, which Bank Indonesia deemed as being complete, accurate and published in a timely manner.

  • President Director Mandated as Chairs of APEC Business Advisory Council and APEC CEO Summit 2013

    Indika Energy’s President Director Wishnu Wardhana was chosen as Chair of Asia-Pacific Economic Cooperation (APEC) Business Advisory Council (ABAC) 2013, an independent high-level group who advise the APEC leaders on priority business issues in the region. In addition, he also served as the Chair of APEC CEO Summit 2013, the premier business event of the Asia Pacific. 

  • Indonesian Sustainability Report Awards (ISRA)

    Indika Energy received the Indonesian Sustainability Report Award 2011 commending the company’s commitment to sustainable growth as reflected in its fulfillment of the three aspects (Triple Bottom Line) of growth sustainability: social, economic and environmental affairs. 

  • Indika Energy Named Role Model of WEF Global Growth Companies

    Indika Energy was chosen as a role model from among 315 World Economic Forum (WEF) Global Growth Companies (GGC) representing over 60 countries at the 2011 WEF Annual Meeting of the New Champions or “Summer Davos”. WEF is an independent international forum dedicated to improving the state of the world by engaging business, social, and government leaders. 

Recognitions being presented above are non-exhaustive