KKGI and TPMA Establish a Joint Venture
PT Resource Alam Indonesia Tbk (KKGI) and PT Trans Power Marine Tbk (TPMA) have officially formed a joint venture named PT Trans Bahtera Pioneer (TBP) to strengthen coal logistics solutions in East Kalimantan.
With an initial capital of Rp 51.5 billion, both companies contributed Rp 25.75 billion each from their internal funds. This collaboration aims to further optimize coal distribution in the region.
According to KKGI’s Finance Director, Agoes Soegiarto Soeparman, the joint venture seeks to leverage East Kalimantan’s vast coal potential, which contributed approximately 210 million tons, or nearly 30% of the national production, in 2023. TBP plans to invest around Rp 200 billion in its first year to acquire six sets of tugboats and barges, both used and new. In the future, this fleet is expected to expand to 20 sets over the next few years. The investment will be financed through a combination of TBP’s internal cash flow and bank loans.
For KKGI, TBP’s presence will provide direct access to logistics services, reducing reliance on third parties and lowering transportation costs. This is expected to support a more efficient coal supply chain.
“With TPMA’s expertise in logistics and KKGI’s strong potential, we are confident that this collaboration will bring significant benefits to all parties involved,” said Agoes in an official statement.
Echoing this sentiment, TPMA’s Deputy President Director, Daniel Wardojo, also expressed optimism that this partnership will expand Indonesia’s coal logistics network. “We see this collaboration as a strategic step to enhance our market competitiveness while supporting KKGI as a key player in the coal industry,” he explained.
With a strong vision and synergy between the two companies, PT Trans Bahtera Pioneer (TBP) is poised to become a major player in Indonesia’s coal logistics industry.
