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BNI, KALBE Nutritionals, Aruna PV’s project to cut 2,104 tons of carbon annually
KALBE’S nutritional line PT Sanghiang Perkasa (KALBE Nutritionals), new and renewable energy company PT Aruna Cahaya Pratama (Aruna PV) and PT Bank Negara Indonesia (Persero) Tbk (BNI, stock code: BBNI) are committed to supporting the government’s program to accelerate the transition to new and renewable energy.
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KALBE Nutritionals, Aruna PV and BNI’s new solar power plant in KALBE Nutritionals’ Cikampek factory complex in West Java.
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ALBE’S nutritional line PT Sanghiang Perkasa (KALBE Nutritionals), new and renewable energy company PT Aruna Cahaya Pratama (Aruna PV) and PT Bank Negara Indonesia (Persero) Tbk (BNI, stock code: BBNI) are committed to supporting the government’s program to accelerate the transition to new and renewable energy. The ambition was demonstrated by the recent installation of a solar power plant in the Cikampek KALBE Nutritionals factory compound in West Java.
The installation of this solar power plant is the latest collaboration between the real sector and finance sector to propel the utilization of new and renewable energy in an effort to protect the environment and maintain a sustainable economy.
The solar power plant, which currently consists of 2,970 panels with a capacity of 1,603 kWp, began its installation early this year. It is expected to start operations this month with a production capacity of 2.1 GWh and reduce carbon emissions by 2,104.66 tons annually. It was installed in the Cikampek KALBE Nutritional factory complex by Aruna PV with financing from BNI.
KALBE Nutritionals director of supply chain management and innovation, I Gede Putu Eka Putra, said that the project was in line with KALBE Nutritionals’ mission to provide the best nutrition at all stages of consumers’ lives. To achieve this, KALBE Nutritionals strives to implement more sustainable business processes using green energy in the company’s production facilities.
“We understand that in doing business we need to think about the next step forward with regard to the environment as the source of every nutritional product we supply. With the solar power plant’s installation, KALBE Nutritionals hopes to contribute to environmentally friendly technologies as part of our commitment to conducting sustainable business practices.” Said I Gede Putu.
He further added that KALBE Nutritionals was compliant in carrying out environmental pollution control and waste management. Installing solar panels is another innovation in energy efficiency and reducing carbon emissions through renewable energy.
Aruna PV director, Audwin Purwadi, said that his company appreciated the concrete steps taken by KALBE Nutritionals and BNI in replacing energy sources for the factory with environmentally friendly power generation.
Audwin added that supporting the reduction of carbon emissions would also have an impact on the installation of solar panels in other places. It would drive more industry players to implement the principles of the green economy.
“We appreciate this strategic collaboration between industry players and the financial sector. We will continue to play a proactive role in urging other businesses to switch to new and renewable energy,” said Audwin.
Green banking support
BNI corporate secretary Mucharom stated that BNI was fully committed to funding projects in the new and renewable energy sector. In this opportunity, BNI is financing Aruna PV as a company with the capacity to provide services in solar energy and KALBE Nutritionals as Aruna PV’s user.
To BNI, the implementation of green banking is a mandate from the Financial Services Authority (OJK) to accelerate the energy transition in the real sector.
In the first quarter of 2022, BNI’s lending for the new renewable energy sector amounted to Rp 10.3 trillion (US$688 million). BNI has also financed Rp 6.8 trillion in pollution management, and a further Rp 23.3 trillion in water and wastewater management.
“As a pioneer in green banking, we greatly welcome this collaborative step. BNI hopes that more industry players will be motivated to carry out the transformation and spread the national Go Green spirit,” Mucharom continued.
He added that BNI’s mission to protect the environment only grew stronger in accordance with the increased effectiveness of green bonds, now worth Rp 5 trillion. He added that BNI was actively pursuing potential high-quality borrowers to channel financing in projects in the environmental category.
“To assist the carbon economy transition in Indonesia, BNI received a Long-Term Note for a one-year period and the highest AAA rating from credit rating agency PEFINDO. We were also oversubscribed four times at the green bond bookbuilding stage, which indicates investors’ appreciation for BNI’s commitment,” Mucharom concluded.
