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Take note! Erick Announces Indonesia Battery Corporation This Afternoon

Jakarta, CNBC Indonesia – The Ministry of State-Owned Enterprises (BUMN) will soon announce the establishment of Indonesia Battery Holding (IBH), which has the full name of Indonesia Battery Corporation (IBC), which was formed to manage the integrated battery industry from upstream to downstream in the country.

In the invitation received by national media including CNBC Indonesia, the ministry led by Erick Thohir will hold a press conference for the establishment of the Indonesia Battery Corporation (IBC) on Friday (26/3/2021) at 15.30 this afternoon.

Speakers who attended included BUMN Minister Erick Thohir, Deputy Minister of BUMN (Pahala Mansury and Kartiko Wirjoatmodjo), President Director of IBC, and others.


“The Ministry of BUMN together with MIND ID, PT Pertamina, PT PLN, and PT Antam Tbk (ANTM) will hold a virtual press conference for the establishment of Indonesia Battery Corporation. In this regard, we invite Media Partners to attend a virtual press conference that will be held. held on Friday, March 26, 2021, 15.30 WIB until finished, “the invitation wrote.

Company holding This will later consist of four state-owned companies including PT Indonesia Asahan Aluminum (Persero) / Inalum aka MIND ID, its subsidiaries namely ANTM, Pertamina and PLN.

Deputy Minister I of BUMN Pahala Nugraha Mansury said that later this IBC could become a company that could cooperate with potential partners.

“So a company can sign a joint venture (jv) cooperation with potential partners,” he explained in the online forum ‘BUMN Media Talk, EV Battery: The Future of Indonesia’s Economy’, Tuesday (02/02/2021).

According to him, the supply chain for the battery industry is very long, starting from mining, smelters, manufacturing precursor factories, and others.

“Now covering all the value chains is Indonesia Battery Corporation (Indonesia Battery Holding). It is owned by four companies, MIND ID, Antam, PLN, and Pertamina. We always say we have to be integrated,” explained the former President Director of Bank BTN.

On the upstream side there are Antam, MIND ID, and on the downstream side there are Pertamina and PLN. According to him, the holding that has been formed can cooperate with potential partners, such as from China, South Korea, the United States and European countries.

“Indeed, 3-4 countries global players can bring money, bring technology, and bring the market, so that what is produced in each part of the value chain of EV products and batteries we cooperate,” he said.

Meanwhile, the Head of the Electric Vehicle Battery Project Acceleration Team, Agus Tjahajana Wirakusumah, revealed that the four BUMNs received the same share ownership percentage.

“The share ownership portion of each BUMN in the IBC consortium is 25% with the aim of maintaining neutrality and accountability, encouraging synergy and alignment throughout the battery EV ecosystem,” said Agus, at the Hearing Meeting (RDP) with Commission VII DPR RI, Monday (01/02/2021).

Pahala emphasized that the formation of the IBC is targeted to be formed in the first semester of this year.

“We hope that the formation of IBH can be formed in the first semester of this year. There have been discussions on the four business entities, as well as initial discussions with potential partners, timeline first semester of this year, “he said.

[Gambas:Video CNBC]

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