PT Adaro Energy Indonesia Tbk is an Indonesian coal mining company, the country's second-largest by production volume and largest by market capitalisation. In the 2023 Forbes Global 2000, Adaro Energy was ranked as the 1393th-largest public company in the world.[1] The company is an Indonesian energy group that focuses on coal mining through subsidiaries.[2] The principal location is at Tabalong district in South Kalimantan, where the subsidiary PT Adaro Indonesia operates the largest single-site coal mine in the southern hemisphere (roughly 110,000 tons of coal per day).[3] Adaro Energy operates under a first-generation CCA (coal co-operation agreement) with the Indonesian Government valid until 2022.
 | |
| Company type | Public |
|---|---|
| IDX: ADRO | |
| ISIN | ID1000111305  |
| Industry | Coal, Power Plant, Water, Logistics |
| Founded | 1982 |
| Headquarters | Tabalong, South Kalimantan, Indonesia |
Key people | Garibaldi Thohir (CEO) |
| Revenue |  USD 3.457 billion (2019) |
| USD 618 million (2019) | |
| USD 435 million (2019) | |
| Total assets | USD 7.217 billion (2019) |
| Total equity | USD 3.983 billion (2019) |
Number of employees | 23,000 (2019) |
| Subsidiaries | Adaro Indonesia Adaro Power Saptaindra Sejati Rehabilitasi Lingkungan Indonesia Adaro Logistics Maritim Barito Perkasa Makmur Sejahtera Wisesa Arindo Holdings Adaro Persada Mandiri IndoMet Coal Alam Tri Abadi Adaro Mining Technologies Padang Sejahtera Agri Multi Lestari Tanjung Power Indonesia Sarana Rekreasi Mandiri Rachindo Investments Dianlia Setyamukti Balangan Anugerah Semesta Puradika Bongkar Muat Makmur Harapan Bahtera Internusa |
| Website | www |
In 2016, Adaro was clearing land in Central Java for a 2,000MW coal plant, after a delay for more than four years due to land acquisition issues.[4] The construction of Indonesia's largest coal plant, into which Adaro invested $4.2 billion, began in June 2016.[5]
Adaro's strategy focuses on power generation as one of its "three pillars", besides coal exports and logistics.[3]
History
In 1976 the Indonesian Mines Department divided East and South Kalimantan into eight coal blocks and invited tenders for these blocks. Spanish state-owned enterprise Enadimsa (empresa nacional adaro investigaciones mineras s.a.) bid for Block 8 in the Tanjung district of South Kalimantan. Adaro Indonesia’s Coal Cooperation Agreement (CCA) was signed on Nov. 2, 1982. In 1989 a consortium of Australian and Indonesian companies purchased 80% of Adaro Indonesia from Enadimsa.
In 2008, Adaro Energy raised $1.3 billion in the country's largest ever initial public offering.[6]
In 2017, the cost of coal rose to 42 percent, and Adaro's revenue were grew to $29.9 million in the first semester of 2017.[7]
References
External links
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