Prajogo Pangestu Increases His Share Ownership in PT Barito Renewables Energy Tbk
Jakarta. Prajogo Pangestu, Chairman of Barito Pacific Group, has increased his share ownership in PT Barito Renewables Energy Tbk (IDX: BREN).
This move is driven by his confidence and belief in the company, as well as his desire to continue supporting Indonesia in achieving net zero emissions.
Merly, Director and Corporate Secretary of BREN, stated: “Mr. Prajogo increased his share ownership by 26,611,600 shares, which was completed on the 2nd and 3rd of October 2024.”
“Mr. Prajogo consistently provides support to the company in its business expansion and development. Barito Renewables is strongly committed to continuing its work in the renewable energy sector. Therefore, we remain optimistic about the contributions the company can make to Indonesia,” Merly concluded.
Recently, Barito Renewables' subsidiary, Star Energy Geothermal, has announced its plan to increase 102.6 MW in capacity during the International Geothermal Conference and Exhibition 2024 (IIGCE).
This strategic initiative aims to enhance Star Energy Geothermal's capacity through retrofitting projects and adding new capacity in an effort to support Indonesia's energy transition targets.
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