Home » Business » Indonesia Battery Corp. Officially Formed & Planned for Rp. 238 T

Indonesia Battery Corp. Officially Formed & Planned for Rp. 238 T

Jakarta, CNBC Indonesia – The BUMN Ministry officially announced the existence of a state-owned battery holding company, namely Indonesia Battery Corporation or IBC. The investment required for the holding reaches IDR 238 trillion.

This holding company will consist of four state-owned companies, namely PT Indonesia Asahan Alumunium (Persero) / Inalum aka MIND ID, its subsidiary ANTM, Pertamina and PLN.

Deputy Minister I for BUMN, Pahala Nugraha Mansury said that IBC will not only have one factory. However, it will be an integrated electric battery industry.


“So it’s not just building one factory, but Indonesia has the mining, the smelting, then the production of precursors, battery packs, we even said that we also want energy storage stabilizers and recycling them. The investment required can be up to US $ 17 billion. , “said Pahala, quoted on Saturday (27/3/2021).

In terms of share ownership, each company is the same, namely 25%. In addition, he explained that the purpose of the IBC is to unite the upstream to downstream forces.

“The main goal is to unify the power in the upstream and downstream areas, so the four BUMNs in the form of IBC, each part of the battery industry supply chain, will have a JV (Joint Venture). said Pahala.

IBC plans to have a capacity of up to 140 giga watt hour (GWh) and 50 GWh of which will be exported. Then the rest is used for the production of Electric Vehicle or EV in Indonesia.

According to Pahala, the potential for EV in Indonesia consists of 10 units of two wheels and more than 2 million units of four wheels for 2030.

Besides Nike ore, a mixture of saprolite and limonite low grade laterite nickel ore can be produced in Indonesia. Later it could be a cell battery with a capacity of 140 GWh.

“Phase 1 is how to produce between 10-30 GWh for battery production in stage 1, but with the development of the number of partners we have and the more that can be produced domestically, from each of these parts we hope to be a part,” he explained.

This year, the four companies plan to invest in battery cell development. He hopes that from 2021 to 2023 there will be an impact that will be felt directly because of the impact of post-COVID-19 economic development.

“If we ask whether there will be an influence, there is, but it is not as big as our common vision until 190 GWh, maybe initially low capacity, but apart from that, 6 months after this Antam and potential partners will conduct a study and after completion will do the development of the mining do a smelting facility, “said Pahala.

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