PT Teladan Prima Agro Tbk (TLDN) has entered into a partnership with PT Akartha Energi Baru (AEB) to develop a Solar Power Plant (PLTS) that would provide energy under a leasing scheme. This transaction was publicly disclosed through an information disclosure on March 11th, 2026, as part of the Comp...
PT Teladan Prima Agro Tbk (TLDN) has entered into a partnership with PT Akartha Energi Baru (AEB) to develop a Solar Power Plant (PLTS) that would provide energy under a leasing scheme. This transaction was publicly disclosed through an information disclosure on March 11th, 2026, as part of the Company’s compliance with regulatory requirements, as well as in efforts to strengthen its commitment to transparency and the implementation of good corporate governance.
The collaboration is based on a Master Agreement that became effective on March 9, 2026, upon the fulfillment of all conditions precedent, including the issuance of a fairness opinion by an independent appraiser, KJPP Abdullah, Fitriantoro and Rekan. This agreement serves as the overarching framework for further implementation, which will be detailed in separate agreements between AEB and each of the Company’s subsidiaries.
The scope of the collaboration includes the leasing, development, operation, and maintenance of solar power plant facilities to be located within the plantation areas of the Company’s subsidiaries. Under this structure, AEB is responsible for procurement, installation, system management, and quality control, including the provision of solar panels and battery-based energy storage systems (Battery Energy Storage System/BESS).
The transaction is structured as a lease, under which the Company obtains electricity supply based on agreed tariffs without the need for significant upfront capital expenditure. The lease tariff is set within the range of Rp 1,500 to Rp 2,500 per kVA per hour, with the final tariff to be determined based on technical evaluation and commercial considerations for each implementation site.
In terms of duration, the operational lease agreement for the PLTS facilities is valid for 10 years from the date of full commercial operation and may be extended based on mutual agreement between the parties. This approach provides flexibility in managing energy requirements while maintaining visibility over the cost structure in the medium term.
This initiative is driven by the Company’s energy needs in operational areas that are partially beyond the reach of conventional electricity grids, where diesel-based power generation remains a primary source of energy. In this context, the utilization of solar power serves as an alternative energy source that complements the existing system, taking into account cost, logistics, and sustainability considerations. Based on preliminary estimates, the utilization of solar power plant with a minimum indicative capacity of 10 MW has the potential to reduce diesel consumption by around 4 million liters per year, while supporting a reduction in carbon emissions of approximately above 7,000 tons of CO₂ per year, in line with the Company’s efforts to enhance operational efficiency and implement ESG principles.
From a transaction structure perspective, the majority of investment, technical and operational risks related to development and operation are borne by the provider, while the Company focuses on energy utilization. Overall, this collaboration reflects the Company’s approach to managing energy requirements through a structured scheme, taking into account operational, financial, and governance aspects. This initiative also forms part of the Company’s efforts to gradually integrate renewable energy into its operational activities in a measured manner.
