Samindo Resources Raises Renewable Energy Sector

REPUBLIKA.CO.ID, JAKARTA - PT Samindo Resources Tbk decided to diversify its business. The company, with its main business of coal mining, began exploring the renewable energy sector.

Samindo Resources President Director Kim Jung Gyun said business diversification needs to be done because coal is a non-renewable natural resource. "So it can not last forever," Kim said when talking with media crews, in Jakarta, Wednesday (26/7).

Renewable energy become Samindo target since the Indonesian government is considered committed to develop it. So, Kim said, this sector has great potential to work on.

"We must continue to grow the business, and we are excited about renewable energy," he said.

Kim said, Samindo is eyeing the development of solar power plants (PLTS) which worked on PT Perusahaan Listrik Negara (Persero) or PLN. Samindo has even participated in a tender process for a number of PLTS with a capacity of under 100 megawatts to be developed in Sumatra.

Independent Director of Samindo Resources Ahmad Saleh recounts, the company since the beginning is often to diversify the business. "Initially we started in mining services, then went into drilling, transportation, and now are exploring renewable energy," Saleh said.

Saleh is optimistic that renewable energy will be a promising sector. Moreover, the government is targeting a renewable energy mix of 23 percent by 2025. The energy mix target is even increased to 35 percent by 2050.

"Coal energy has been reduced so that its use will be smaller, therefore, renewable energy should be developed," said Saleh.