TheJakartaPost
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As part of its efforts to shift its business focus away from coal, Indonesia’s Indika Energy is in negotiations to retire its part-owned Cirebon 1 coal-fired power plant in West Java and is building an electric motorcycle.Indika Energy vice president director Azis Armand spoke to The Jakarta Post’s Divya Karyza on Feb. 15 about his views on Indonesia’s electric vehicle (EV) ecosystem and the company’s struggle in cutting its coal income to 50 percent by 2025 amid global pressure on the coal industry.
Publicly listed coal miner PT Indika Energy, through its subsidiary PT Indika Mineral Investindo, has completed a US$5 million acquisition of bauxite miner PT Perkasa Investama Mineral in a move to diversify its business away from coal.
PT Ilectra Motor Group, the electric vehicle (EV) manufacturing arm of coal miner Indika Energy, has launched a fully electric, mass-produced motorcycle in Indonesia, bringing the government closer to its goal of turning the country into a global EV player.
