The company acquired 51.0% of ABN, 52.5% of TBE (which owns IM), and 51.0% of TMU.
The consolidated production of Toba Bara exceeded 3.9 million tons per year.
TMU commenced production.
The consolidated production of Toba Bara exceeded 5 million tons per year.
The company increased ownership in TBE and TMU, to 99.99% and 99.99%.
The company listed its shares on the Indonesian Stock Exchange (July).
Production of TMU increased to 80-100 thousand tons per month.
IM constructed new coal processing plant.
Operations of TMU - IM hauling road.
Operations of underpass at ABN.
The company took over KPU as a resolution of land overlap.
Operations of overland conveyor
The consolidated production of Toba Bara reached 8 million tons per year
PKU commenced the process of the palm oil mill construction with a capacity of 30 tons fresh fruit bunch (FFB) per hour
Number of end-user customers increased to 36.8% from 3.6% in 2014.
Increasing diversification to the sales of target countries.
Continuing development of palm oil mill in PKU, reaching the 70.0% completion.
Use of the same contractor by the 3 mining subsidiaries.
Establishment of PT Gorontalo Listrik Perdana (GLP) for 2 x 50 MW coal-fired power project Sulbagut-1 and started diversification into electricity business.
Signing of PPA between GLP and PLN.
Initial sales of palm oil processed by PKS in PKU.
Establishment of PT Minahasa Cahaya Lestari (MCL) for coal-fired power plant project Sulut-3, 2 x 50 MW.
Signing of PPA with PLN for Sulut-3 project.
Signing of Special Transaction Loan Facility Agreement (non-revolving) and Non-Cash Loan with Bank Mandiri.
Signing of Engineering Procurement Contract (EPC) with Shanghai Electric Power Construction Co. Ltd. (SEPC) for Sulbagut-1 project.
Signing of Project Financing for Sulbagut-1 project with Bank Mandiri.
Achievement of Financing Date with PLN for Sulbagut-1 project.
Akuisisi PT Batu Hitam Perkasa (BHP), perusahaan investasi yang memiliki 5% saham di PT Paiton Energy (PE).
Mengakuisisi 5% saham PT Paiton Energy (PE), yang mengoperasikan tiga PLTU berkapasitas total 2.045 MW.
Proyek Sulut-3 mencapai Financial Close.
Sesuai persetujuan Rapat Umum Pemegang Saham Luar Biasa (RUPSLB) tanggal 15 Mei 2019, Perseroan melakukan stock split dengan rasio 1:4.
The Company changed its name into PT TBS Energi Utama Tbk.
Acquired 49% shares of PT Adimitra Energi Hidro (AEH), which developed hydroelectric power plant.
Acquired PT Bayu Alam Sejahtera (BAS), which developed wind turbine power plant.
MCL obtained Commercial Operating Date (COD) from PLN for the Sulut-3 project.
TBS released its stake in PE to reduce carbon footprint and focus on renewable energy.
