Green Business

We continue to invest in renewable energy, EV, nature based solutions

Indika Energy’s ESG principles are more than just an obligation; they are how we strive to do business as we transition to low-carbon outcomes. And sustainability is a key part of that: If what we are doing is not sustainable for nature, then it is not sustainable for business. This was the reason we focused heavily on green businesses, diversified into renewable energy, electric vehicle mobility and nature-based solutions.

Established in 2021

Business Type Solar power generation

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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 joint venture, PT Empat Mitra Indika Tenaga Surya (EMITS), will provides 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 2022

Business Type Electric Vehicle

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ILECTRA MOTOR GROUP (IMG)

Ilectra Motor Group (IMG) is a lifestyle mobility Solutions company with aspiration to become a leading electric two wheelers champion. Alva is a lifestyle mobility solution from IMG, part of Indika Energy, Alpha JWC Ventures, and Horizons Ventures’ Venture into the electric vehicles sector. IMG itself was founded to facilitate the partnership and build not only a two-wheeler brand, but also its supporting ecosystem, which is very much still nascent, including EV infrastructure for which further collaborations to be built with a partnership network. IMG will come with sophisticated electric two-wheelers design and top-of-the line performance, completed with great customer experience backed by supporting technology and mobility ecosystem.

Established in 2019

Business Type Nature-based solutions

INDIKA MULTI PROPERTI (IMP)

A nature-based solutions company

Established in 2019, IMP provides services in forestry asset management, infrastructure development and construction, land reclamation, and rehabilitation. Carrying out a mission to be Indonesia’s nature-based solutions company with well-established principles of production and environmental conservation, IMP sets its ecological footprint by managing more than 160,000 hectares of Natural Production Forest concession and Industrial Tree Plantation concession across the nation, which improves sustainability and embraces nature conservation norms to produce renewable resources to consumers.

Other Business Pillars

See more of our business pillars in Energy, Logistics and Infrastructure, Minerals and Digital