Indonesian mining giant Indika to cut coal income to 50 per cent with net zero in mind

JAKARTA (The Jakarta Post/ANN): Jakarta Publicly listed PT Indika Energy, one of Indonesia’s top coal miners by output through subsidiary PT Kideco Jaya Agung, plans to cut its coal income to 50 per cent by 2025 amid growing pressures on the global coal industry.

The company, which earned 70 per cent of its total revenue last year from coal sales, plans to diversify into, among other sectors, logistics, metal mining, forest plantations and renewable energy, which includes an ambitious plan to operate nearly 1,000 megawatts peak (MWp) of solar photovoltaics (PVs) by 2025.