PTBA - Decarbonization effort continues

PTBA - Decarbonization effort continues In ESG implementation, Bukit Asam (PTBA) strives to carry out carbon management, integrated by good mining practice. It has green business portfolios; installed Solar Panel Power Plants (SPPP) in Toll Road (400 kWp) and Airport (241 kWp) which we see as SOE synergies as well, while it possess a slew of solar panel power plants' pipeline. Moreover, PTBA has installed 6 SPPPs to switch on irrigation pump (192 kWp) for citizen in the mining area. In operational side, PTBA implements eco mechanized mining to alter mining properties to electric and uses electric busses in Tarahan Port as well as Tanjung Enim Mining Unit. (Source : Bisnis Indonesia) Comment: We view PTBA has gradually implemented carbon management system to comply with ESG and to have good ESG track record, commenced by SOE partners and its mining operation. In spite of further delay on DME gasification due to partner exit and complex conversion technology, we also see that PTBA has clear view reflected by its business transformation roadmap to 2050 as forward looking in accordance to green business and its business sustainability