Jakarta, CNBC Indonesia – The government through the Ministry of State-Owned Enterprises (BUMN) has officially announced the formation of the state-owned battery holding company (BUMN), namely the Indonesia Battery Corporation (IBC) on March 26, 2021.
IBC is a joint venture of four SOEs, namely the Mining Industry BUMN Holding MIND ID (PT Indonesia Asahan Aluminum / Inalum), then PT Aneka Tambang Tbk (ANTM), PT Pertamina (Persero) and PT PLN (Persero). The share ownership of each of these BUMNs is 25%.
Although it was only recently formed, the IBC has received criticism from the former Minister of BUMN, Dahlan Iskan.
According to Dahlan, share ownership by these four state-owned companies will have an impact on the difficulty of making strategic decisions. For example, when looking for partners, it will require the approval of all shareholders.
“At first I thought that the shareholders of the IBC were only Pertamina or PLN, in fact it was decided by four companies. I imagine how complicated decision making is,” he said in an online discussion, Thursday (20/05/2021).
He said that decision making would be much easier if shareholders were only representatives of one company. Dahlan also talked about his experience when he was about to make decisions related to geothermal issues. In fact, there are only two companies involved in geothermal issues, namely Pertamina and PLN, but in fact when making decisions is very complicated.
“At that time I quarantined the President Director of PLN and the Managing Director of Pertamina. They were not allowed to leave until a decision was made. These will be four (companies). You cannot imagine the difficulty of the management of directors and commissioners to make a decision immediately,” he said.
He further said that making decisions quickly was very important, especially because battery technology would continue to be renewed every three to six months.
“So that I can understand how difficult it will be for the IBC to make decisions, what technology will be used and produced,” he said.
Although it has been decided that the owners of IBC’s shares are four companies, Dahlan still hopes that there will be a rethink so that the shareholder is only one company, it can be from PLN or Pertamina alone.
“So that something that has to be made quickly does not take up time, the decision-making process, perhaps when proposals and decision making are old, are no longer relevant,” he said.
(wia)
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