Jakarta, July 30, 2026 — PT PLN Nusantara Renewables (PLN NR) held the Subsidiaries and Affiliated Companies (APPA) Forum in Puncak, West Java, on July 30, 2026. The forum served as a strategic platform for all PLN NR APPA entities to present their milestones, performance achievements, and operational plans as part of the Company’s efforts to evaluate and align strategies in support of sustainable business growth.
The event was opened by the Board of Directors of PLN Nusantara Renewables, who emphasized the importance of close collaboration and communication between the parent company and all APPA entities. Through the forum, the Board of Directors gained a comprehensive overview of project developments, challenges encountered, and opportunities that could be optimized to improve the Company’s overall performance.
The APPA Forum was attended by representatives from all subsidiaries and affiliated companies of PLN Nusantara Renewables, namely:
Each APPA presented updates on its respective projects, achievements to date, as well as targets and operational plans for the upcoming period.
Following the presentations, an interactive discussion was held between the Board of Directors of PLN Nusantara Renewables and each APPA. The question-and-answer sessions provided an opportunity to discuss various challenges, deliver strategic guidance, and identify collaboration opportunities that could strengthen synergy in developing PLN Nusantara Renewables’ energy portfolio. Through constructive evaluations and feedback, the forum is expected to generate concrete action plans to accelerate the achievement of the Company’s targets.
Through the forum, the Board of Directors of PLN Nusantara Renewables also provided strategic direction to all APPA entities as a focus for the implementation of their work programs during the Second Half of 2026. The Board emphasized the importance of maintaining a balance between accelerating project completion, strengthening risk mitigation, and maintaining disciplined financial management to ensure that all corporate targets are achieved optimally.
“The Company’s success is determined not only by its ability to complete projects on time, but also by its discipline in managing risks, ensuring that every decision is based on accurate data, and maintaining strong financial fundamentals. With this approach, we are optimistic that all APPA entities can accelerate the achievement of the Company’s targets.”
The APPA Forum is part of PLN Nusantara Renewables’ commitment to establishing a collaborative corporate governance framework and strengthening coordination with all subsidiaries and affiliated companies. With stronger synergy, PLN Nusantara Renewables is optimistic that it can continue to improve operational performance, sustainably develop new and renewable energy projects, and make a tangible contribution to supporting Indonesia’s national energy transition.
Jakarta, July 30, 2026 — PT PLN Nusantara Renewables (PLN NR) held the Subsidiaries and Affiliated Companies (APPA) Forum in Puncak, West Java, on July 30, 2026. The forum served as a strategic platform for all PLN NR APPA entities to present their milestones, performance achievements, and operational plans as part of the Company’s efforts to evaluate and align strategies in support of sustainable business growth.The event was opened by the Board of Directors of PLN Nusantara Renewables, who emphasized the importance of close collaboration and communication between the parent company and all APPA entities. Through the forum, the Board of Directors gained a comprehensive overview of project developments, challenges encountered, and opportunities that could be optimized to improve the Company’s overall performance.The APPA Forum was attended by representatives from all subsidiaries and affiliated companies of PLN Nusantara Renewables, namely:PT SGPJB & PT GHPJB (Jawa 7 Coal-Fired Power Plant),PT PMSE (Cirata Floating Solar Power Plant),PT NSSE (IKN Solar Power Plant),PT SSPewali (MT Sumbagsel-1 Coal-Fired Power Plant),PT NSHE (Batang Toru Hydroelectric Power Plant),PT NGKI (Karangkates Floating Solar Power Plant),and PT NTBE (Tembesi Floating Solar Power Plant).Each APPA presented updates on its respective projects, achievements to date, as well as targets and operational plans for the upcoming period.Following the presentations, an interactive discussion was held between the Board of Directors of PLN Nusantara Renewables and each APPA. The question-and-answer sessions provided an opportunity to discuss various challenges, deliver strategic guidance, and identify collaboration opportunities that could strengthen synergy in developing PLN Nusantara Renewables’ energy portfolio. Through constructive evaluations and feedback, the forum is expected to generate concrete action plans to accelerate the achievement of the Company’s targets.Through the forum, the Board of Directors of PLN Nusantara Renewables also provided strategic direction to all APPA entities as a focus for the implementation of their work programs during the Second Half of 2026. The Board emphasized the importance of maintaining a balance between accelerating project completion, strengthening risk mitigation, and maintaining disciplined financial management to ensure that all corporate targets are achieved optimally.“The Company’s success is determined not only by its ability to complete projects on time, but also by its discipline in managing risks, ensuring that every decision is based on accurate data, and maintaining strong financial fundamentals. With this approach, we are optimistic that all APPA entities can accelerate the achievement of the Company’s targets.”The APPA Forum is part of PLN Nusantara Renewables’ commitment to establishing a collaborative corporate governance framework and strengthening coordination with all subsidiaries and affiliated companies. With stronger synergy, PLN Nusantara Renewables is optimistic that it can continue to improve operational performance, sustainably develop new and renewable energy projects, and make a tangible contribution to supporting Indonesia’s national energy transition.
Jakarta, April 10, 2026 — PT PLN Nusantara Renewables (PLN NR) held a Coffee Morning session titled “Implementation of Governance, Risk Management, and Compliance (GRC) at PT PLN Nusantara Renewables” on April 10, 2026. The activity was part of the Company’s efforts to strengthen good corporate governance and enhance employees’ understanding of GRC implementation across the organization.The event, attended by all PLN Nusantara Renewables employees, featured Mr. Ndaru Tri Hatmoko, Corporate Secretary, as the speaker. In his presentation, he explained that GRC represents the integration of Governance, Risk Management, and Compliance, enabling an organization to achieve its objectives reliably, anticipate various uncertainties, and conduct business activities while upholding the highest standards of integrity.Mr. Ndaru emphasized that the implementation of GRC at PLN Nusantara Renewables aims to improve the Company’s operational effectiveness, support sustainable business growth, and ensure that all business processes are carried out in accordance with the principles of Good Corporate Governance (GCG) and applicable regulations. Through the integration of these three aspects, every corporate action is expected to be carried out in a more structured, measurable, and accountable manner.During the session, Board of Directors Regulation No. 004.K/020/DIR-PLNNR/II/2024 on the Implementation of GRC Principles at PLN Nusantara Renewables was also reintroduced and socialized to employees. Mr. Ndaru provided a detailed explanation of the mechanisms for determining GRC levels, identifying the required supporting documents, and the implementation flow for each corporate action. This socialization was considered essential to ensure that decision-making processes could be carried out proportionally according to the complexity of each corporate action.Beyond serving as an information-sharing forum, the Coffee Morning also provided an opportunity for discussion between the GRC Team and all PLN Nusantara Renewables employees. Various input, questions, and suggestions raised by participants served as valuable material for evaluating and improving GRC implementation, ensuring that it remains adaptive to the Company’s needs and future business developments.Through this initiative, PLN Nusantara Renewables reaffirms its commitment to continuously strengthening a culture of good corporate governance, enhancing awareness of risk management and compliance, and establishing a transparent and accountable decision-making system focused on creating sustainable value for the Company and all its stakeholders.
Jakarta, July 23, 2026 — PT PLN Nusantara Renewables (PLN NR) officially held a handover ceremony following changes to the Company’s leadership structure. The leadership transition is expected to strengthen the Company’s strategy in accelerating the development of new and renewable energy (NRE) in Indonesia.Based on the Shareholders’ Resolution Outside the General Meeting of Shareholders (Circular Resolution) signed on July 13, 2026, the new composition of the Board of Directors of PLN Nusantara Renewables has been established, with the appointments effective as of July 13, 2026, as follows:Mr. Kuswara as President Director of PT PLN Nusantara RenewablesMr. Arief Heryana as Director of Operations of PT PLN Nusantara RenewablesMr. Rudy Hertanto as Director of Finance of PT PLN Nusantara RenewablesThis leadership transition marks an important momentum for PLN Nusantara Renewables to continue its strategic initiatives in accelerating the development of its clean energy portfolio, improving operational performance, and strengthening the Company’s contribution to supporting Indonesia’s national energy transition.“Leadership transition is not merely an organizational process, but a continuation of the responsibility entrusted to us to ensure that this transformation continues and delivers greater value to the PLN Group,” said Mr. Ruly Firmansyah, President Director of PLN Nusantara Power.In line with this spirit of leadership continuity, the Board of Commissioners of PLN Nusantara Renewables also expressed its appreciation for the strong foundation established by the previous Board of Directors and reaffirmed its commitment to supporting the new Board of Directors in carrying out its responsibilities and achieving the targets set by the shareholders.“We appreciate the various achievements and strong foundation established by the previous Board of Directors. Going forward, the Board of Commissioners is ready to provide support and guidance to the management team so that the targets set by the shareholders can be achieved to the fullest,” said Mr. Muhammad Bardan, President Commissioner of PLN Nusantara Renewables.The Board of Commissioners and Board of Directors of PLN Nusantara Renewables also expressed their appreciation and gratitude to Mr. Harjono for his dedication, leadership, and contributions during his tenure as President Director for the 2024–2026 period. Under his leadership, PLN NR successfully strengthened the Company’s foundation, advanced the development of its new and renewable energy portfolio, and achieved various strategic milestones that have become an important foundation for the Company’s future journey.Reflecting on his tenure, Mr. Harjono shared that PLN Nusantara Renewables had provided him with highly valuable experience as an investment company in the renewable energy sector.“During my two-and-a-half-year tenure, I found PLN NR to be a place that provided a very comprehensive range of challenges and experiences. I learned so many new things here, even after having spent decades in my career. I hope that everyone at PLN NR can also gain as much knowledge and learning as possible, extending beyond investment-related aspects,” he said.With a spirit of sustainability and collaboration, PLN Nusantara Renewables welcomes its new leadership, which is committed to continuing the Company’s strategic programs, optimizing the development of new and renewable energy, and delivering innovative clean energy solutions to create added value for shareholders, business partners, and communities, while supporting the acceleration of Indonesia’s national energy transition.The newly appointed President Director of PT PLN Nusantara Renewables, Mr. Kuswara, reaffirmed his commitment to maintaining the momentum of transformation that has been built together.“PLN Nusantara Renewables is currently on a growth trajectory that must not slow down. Together with all members of the Company and with the support of our stakeholders, we are committed to continuing this transformation, addressing the challenges ahead, and meeting the expectations of our shareholders,” he said.With the new leadership entrusted with this responsibility, PLN Nusantara Renewables remains optimistic about further strengthening its role as a driving force in the development of new and renewable energy in Indonesia, while creating sustainable added value for all stakeholders.
Jakarta, July 27–28, 2026 — PLN Nusantara Renewables (PLN NR) continues to demonstrate its commitment to building a clean, transparent, and integrity-driven corporate governance framework through the implementation of its Anti-Bribery Management System (ABMS). This commitment is reflected in PLN NR’s successful attainment of ISO 37001:2016 certification for Anti-Bribery Management Systems, which was obtained on September 19, 2025, as recognition of the consistent implementation of its anti-bribery prevention system across the Company.This achievement represents one of PLN NR’s strategic steps in strengthening the implementation of Good Corporate Governance (GCG), enhancing stakeholder confidence, and ensuring that all business processes are conducted in accordance with the principles of compliance, ethics, and accountability.Entering 2026, PLN NR has once again demonstrated its commitment to continuously improving its corporate governance standards by preparing for the transition to ISO 37001:2025. As part of this process, the Company conducted awareness-raising activities on the updates to the international standard for its employees. The initiative aimed to ensure that all PLN NR employees understand how the ABMS is implemented in their day-to-day activities. On July 27–28, 2026, PLN NR underwent a surveillance audit and transition audit conducted by the British Standards Institution (BSI) as part of the process to obtain the latest anti-bribery certification. This initiative further demonstrates the Company’s consistent commitment to upholding integrity and preventing all forms of violations that may occur within the organization.In response to the updated standard, PLN NR has adjusted the necessary policies, procedures, and systems to ensure that the implementation of its ABMS remains aligned with the latest requirements. The Company has also optimized the implementation of its Whistleblowing System (WBS) as a safe, transparent, and accountable channel for reporting suspected violations, thereby supporting the establishment of an integrity-driven work environment.This initiative reflects the spirit of continuous improvement, which is an integral part of PLN NR’s corporate culture. By continuously strengthening its anti-bribery prevention system and raising awareness among all employees about the importance of integrity, PLN NR is confident that it can establish increasingly reliable, transparent, and sustainable business processes.Going forward, PLN Nusantara Renewables will continue to strengthen the implementation of its ABMS as part of its efforts to build a new and renewable energy company that is not only strong in business performance, but also trusted by its stakeholders through sound corporate governance, a strong culture of compliance, and integrity as the foundation of every business activity.
Jakarta, July 24th 2026 — PT PLN Nusantara Renewables (PLN NR) held its 2025 Annual General Meeting of Shareholders (AGMS) on Monday (29/06) at the Nusantara InnoVision Hall, PLN Nusantara Power Headquarters, Jakarta. The meeting was chaired by the Board of Directors of PLN Nusantara Power (PLN NP) as the Majority Shareholder and was also attended by the PT PLN Nusantara Power Employees Welfare Foundation as the Minority Shareholder.The AGMS reviewed the Company's performance throughout the 2025 fiscal year, including the Annual Report, Financial Statements, performance evaluation, and other agenda items in accordance with the applicable regulations.During the meeting, PLN NR presented its business performance for the 2025 fiscal year, highlighting the achievement of several key performance indicators that exceeded the targets set out in the Company's 2025 Work Plan and Budget (RKAP).Based on the Company's performance evaluation, PLN NR recorded the following achievements:Operating Revenue reached IDR 1.01209 trillion, equivalent to 110% of the Company's Work Plan and Budget (RKAP) for 2025 target of IDR 917.52 billion.Net Profit reached IDR 1.07476 trillion, representing 117% of the RKAP target of IDR 920.86 billion.Total Assets amounted to IDR 11.26 trillion.Based on the audit results, the Company's Key Performance Indicator (KPI) Score also improved by 1.32 points from the previous year, reaching 104.02.PLN NR's outstanding performance in 2025 was driven by the strong operational performance of several key projects, including: Jawa 7 Coal-Fired Power Plant, which generated 12,030 GWh of electricity.Cirata Floating Solar Power Plant, which produced 273.68 GWh of clean electricity.IKN Solar Power Plant, which generated 79.79 GWh of electricity.MT Sumbagsel-1 Mine-Mouth Power Plant, which produced 1,039 GWh of electricity.Throughout 2025, PLN NR also continued to expand its renewable energy business through various strategic initiatives, including the ongoing construction of the Tembesi Floating Solar Power Plant (35 MWac), Karangkates Floating Solar Power Plant (100 MWac), and Batang Toru Hydroelectric Power Plant (510 MW).With solid business performance and remarkable achievements throughout 2025, the Company remains optimistic about addressing the opportunities and challenges that lie ahead in 2026."PLN NR's achievements in 2025 provide a strong foundation for even greater progress in 2026. We will continue to strengthen collaboration and drive innovation to accelerate the development of green energy that delivers sustainable value for communities and the future of Indonesia." Harjono, President Director of PT PLN Nusantara Renewables With the continued support of all stakeholders, PLN NR is committed to further strengthening its contribution to Indonesia's renewable energy sector, achieving even greater milestones, and creating a more positive and sustainable impact for both the environment and society.
