Sinar Mas Keeps Clean Energy Commitment via New Solar Panel Plant

In a strategic move to bolster its renewable energy portfolio, Sinar Mas Group, through its subsidiary PT Dian Swastatika Sentosa Tbk (DSSA), has announced the construction of a new solar panel and module manufacturing facility. With an investment of US$100 million, the manufacturing facility is set to commence operations in the third quarter of 2024. Lokita Prasetya, the Vice President Director of Dian Swastatika Sentosa, revealed that the project would be a collaborative effort with Trina Solar, a leading Chinese company, and PLN, the Indonesian state-owned electricity company. "The manufacturing facility, located in Kendal, is expected to have a production capacity of 1 gigawatt," he said on Dec 6.

The solar cell manufacturing facility is currently in the design phase. The investment for this initiative will be funded through DSSA's internal resources and bank credit facilities, with 70-80 percent of the funds anticipated to come from bank loans and the remainder from internal cash reserves. DSSA currently operates four captive power plants with a combined capacity of 300 megawatts, located in Serang (1 unit), Tangerang (1 unit), and Karawang (2 units). The total energy output from these power plants amounts to 1.4 million megawatt hours of electricity and 13.1 million GJ of steam.