Indika Energy Unit Forms Renewable Energy Venture With Mentari Sinergi Investasi, PLN Nusantara Renewables

• Indika Energy subsidiary Indika Empat Mitra Sumbawa formed Mentari Bhinneka Nusantara Sumbawa (MBNS) on October 19, 2026.
• MBNS will operate in renewable power generation and business consulting, with paid-up capital of Rp 2.5 billion.
• Indika Empat Mitra Sumbawa holds 35.7%; Mentari Sinergi Investasi owns 34.3%; PLN Nusantara Renewables holds 30%.
• The parent indirectly owns 33.95% of MBNS, which will not be consolidated into its financial statements.
• The venture supports renewable energy diversification, with no material impact on the parent's operations, legal or financial condition, or business continuity.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. PT Indika Energy Tbk published the original content used to generate this news brief via Indonesia Stock Exchange (IDX) (Ref. ID: 32168116) on October 21, 2026, and is solely responsible for the information contained therein.