A subsidiary of PT Indika Energy Tbk (INDY), namely PT Kideco Jaya Agung (Kideco) recorded an increase in production and sales volume performance in the first 2 months of 2023. Indika Energy's Head of Corporate Communications, Ricky Fernando, said that Kideco's actual production during January-February 2023 reached 4.7 million tons. Meanwhile, Kideco's sales volume for the January-February 2023 period reached 5.1 million tons. A total of 1.6 million tonnes or around 31% of which was distributed for domestic needs.
"We are optimizing production to help meet domestic and global needs. We also focus on improving diversification performance in the non-coal sector and strengthening the Company's ESG (Environmental, Social, Governance) performance, said Ricky to Kontan.co.id, Saturday (8/4). As a comparison, Kideco recorded production of 4.6 million tons of coal in January-February 2022. Meanwhile, Kideco's realized sales volume for the January-February 2022 period amounted to 4.7 million tons with a portion of 1.8 million tons or 38% domestic demand. By the end of the year, Kideco is targeting a coal production target of 31 million tonnes. According to the plan, Kideco's export targets will target China, India, Japan, South Korea, and Southeast Asian countries, as well as domestic fulfillment.
