Exploration of gold and other metals and minerals
New and renewable energy, EV mobility and green economies
Digital transformation and analytics
Logistics and Infrastructure
Logistic assets, EPC services and infrastructure (including fuel terminal)
Established in 1998
Business Type Gold mining
Operation area South SulawesiVisit Website
NUSANTARA RESOURCES LTDA gold mining investment company
Nusantara Resources Limited (Nusantara) owns a 7th-generation Contract of Work (CoW) signed with the Government of Indonesia in 1998 for the Awak Mas gold project in Sulawesi. The CoW covers an area of 14,390 hectares and is held by Nusantara’s wholly% owned local subsidiary, PT Masmindo Dwi Area, and is valid through 2050.
The Awak Mas gold project has potential resources of 2.35 million onz and potential reserves of 1.53 million onz. Indika Energy’s total direct and indirect ownership in Nusantara amounts to 27.8%.
Established in 2021
Business Type Solar power generationVisit Website
Empat Mitra Indika Tenaga Surya (EMITS)Solar power generator
In 2021 Indika Energy launched a joint venture with Fourth Partner Energy (4PEL), a leading Indian solar developer. The JV, PT Empat Mitra Indika Tenaga Surya (EMITS), will provide a one-stop-shop, renewable energy solutions platform for Indonesia’s commercial and industrial sectors. Fourth Partner Energy is majority owned by The Rise Fund, the world’s largest private markets social impact fund, with over US$ 5 billion in assets under management. The Rise Fund focuses on investments in private companies that have a measurable, positive social and environmental impact that generate competitive financial returns.
Established in 2018
Business Type Digital technologyVisit Website
ZEBRA CROSS TEKNOLOGITechnology company providing services in digital transformation
Founded in 2018, Zebra Cross Teknologi (ZebraX) provides services in digital transformation. This diversification is part of Indika Energy’s efforts to improve efficiency and operational productivity in existing businesses. Through ZebraX, we want to seize opportunities in Industry 4.0. to drive the efficiency of digital processes in line with evolving technological developments. These include analysis for cost savings in the transportation of mining products, not only for Indika Energy Group but also for other industries in Indonesia.
Established in 2018
Business Type Enterprise IT solutionsVisit Website
XAPIENS TEKNOLOGI INDONESIAInformation, communications and technology provider
Established in 2018, PT Xapiens Teknologi Indonesia (Xapiens) is an information, communications and technology provider that offers IT user support, IT enterprise and IT business consulting businesses. As cyber security becomes an increasingly important aspect of our risk management, agile and robust ICT services will be central to ensuring digital and data protection across the Group.
Established in 2012
Business Type Renewable energy investmentsVisit Website
TRIPATRA MULTI ENERGI (TIME)A strategic investment holding company that focuses on capitalizing renewable energy sector
TIME is a strategic investment holding company that focuses on capitalizing on the emerging renewable energy sector as profitable business ventures which also serve the stakeholders’ objectives. Through the Group’s experience in the energy sector and strong financial capabilities, TIME brings a sustainable investing sector by leveraging large scale projects and assets that are set for significant growth. Guided by its commitment to the sustainable and future-oriented approach, TIME is building businesses that stand for strong interest in clean energy, and for the betterment of human living.
Established in 2017
Business Type Fuel tank terminal
Operation area East Kalimantan
KARIANGAU GAPURA TERMINAL ENERGI (KGTE)
KGTE is a wholly owned indirect subsidiary of Indika Energy, and engages in terminal fuel storage. On 12 April 2018, Kariangau signed a storage facility service agreement with PT ExxonMobil Lubricants Indonesia. (ExxonMobil). Under the terms of the agreement Kariangau will build, own and operate a terminal to store and deliver fuel products and associated services in East Kalimantan with 96 million liters of storage capacity, for the exclusive use of ExxonMobil. The contract will be valid for 20 years, with an option for a 10-year extension and estimated project cost of US$115 million. In November 2020, the fuel storage terminal has been commercially operated.