This month the Indonesian Holding Battery will be born, what is it?

JAKARTA, – Formation plan holding PT Indonesia Battery is targeted to be completed this month.

CEO MIND ID Orias Petrus Moedak revealed that the formation of the team had been carried out since last February by the Minister for State-Owned Enterprises ( BUMN) Erick Thohir.

“The plan is in one or two months and this week the PT will be finished. This is being worked on,” said Orias in a Virtual Press Conference, Thursday (15/10/2020)

Also read: Government Plans: Pertamina Becomes Producer of Electric Car Batteries

Although the formation of a new holding will be completed sometime in the future, Orias ensures that this week the three state-owned companies, namely PT Aneka Tambang Tbk (Antam), PT Pertamina (Persero) and PT PLN (Persero) are in talks regarding the formation of this holding.

These talks include the share portion in the holding.

He added that the certainty of forming a holding will also facilitate decision making related to project funding in the future.

“They’re talking about it this week, just report it to the Minister and (if) agree, it’s finished. Just the deed of establishment and all that takes time,” explained Orias.

Also read: The Head of BKPM and Erick Thohir Will Go to South Korea to Discuss Investments in Battery Factory

Just so you know, product battery of the project is primarily intended for purposes electric vehicle (Electric Vehicle / EV) and for storage of electrical energy (storage), especially in complementing the use of solar energy.

In his presentation, Orias explained that the EV cluster battery will be built a nickel processing plant using the High Pressure Acid Leaching (HPAL) and Rotary Kiln Electric Furnace (RKEF) methods.

The factory construction is planned to be located in North Maluku or North Konawe, with an estimated investment of US $ 3 billion. (Philemon the Great)

This news has been published on with the title: This month the holding of Indonesia Battery will be born


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