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Jakarta Post

Mitrabara ventures into biomass energy

  • The Jakarta Post

Jakarta   /   Fri, May 20 2016   /  09:04 am

Local mining company Mitrabara Adiperdana has established two subsidiaries through which it will expand into biomass energy business amid persistent low coal prices.

The subsidiaries are Mitra Malinau Energi (MME), which will engage in renewable energy power production, and Malinau Hijau Lestari (MHL), which will focus on biomass energy plantations.

Its decision to enter the biomass energy arena was based on analysis of opportunities created by the Energy and Mineral Resources Ministerial Decree No. 27/2014.

The decree stated that in order to meet national electricity demand and increase the use of environmentally friendly renewable energy, the government would encourage companies to develop biomass and biogas energy by guaranteeing that the electricity would be bought by state-owned electricity company PLN.

“The ministerial decree stated that if a company c...