Exploitasi Energi Indonesia (CNKO) Injects IDR 212 Billion into Subsidiary to Boost Mine Production
Thu 19 Feb 2026, 01:01 AM
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PT Exploitasi Energi Indonesia Tbk (CNKO) has strengthened the capital structure of its subsidiary, PT Sekti Rahayu Indonesia (SRI), through an additional capital injection of IDR 212.52 billion.
The additional capital was channeled through the company's controlled entity, PT Energi Batubara Indonesia (EBI). With this transaction, SRI's authorized and issued capital has increased to IDR 248.22 billion. Consequently, EBI's ownership in SRI has risen to 495,840 shares, equivalent to 99.88 percent.
Management stated that this transaction is classified as a material transaction under Financial Services Authority (OJK) Regulation No. 17/POJK.04/2020 concerning Material Transactions and Changes in Business Activities, as its value exceeds 10% of the company's total assets.
"The transaction is exempted from the procedural obligations stipulated in Articles 3 and 4 paragraph (1) of POJK No. 42/POJK.04/2020 concerning Affiliated Transactions and Conflicts of Interest, as it was conducted between companies under the same control," said Energi Group Corporate Secretary, Wim Andrian, in an information disclosure on Thursday (Feb 19, 2026).
Earlier on February 10, CNKO, through EBI, had also injected IDR 32.7 billion into SRI. Prior to these two capital injections, SRI's authorized and issued capital was recorded at only IDR 3 billion. With these additions, SRI's capital structure has increased significantly to support business development.
Operationally, Energi Group, through SRI, holds a coal mining concession covering 2,659 hectares across Santilik and Santing Villages in Mentaya Hulu District, East Kotawaringin Regency, Central Kalimantan. The mine site is located approximately 180 kilometers from Sampit.
In addition to SRI, the company manages a concession through PT Abe Jaya Perkasa (AJP) covering 3,467 hectares in Barito Regency, Central Kalimantan. This concession is located in Kandul and Majangkan Villages, Gunung Timang District, about 150 kilometers from Palangkaraya.
To date, CNKO has focused on supplying coal to PT PLN (Persero) by maintaining quality, quantity, and on-time delivery. The company also operates a 14 MW coal-fired power plant (PLTU) in Pangkalan Bun, Central Kalimantan.
Nevertheless, the company's revenue contribution is still dominated by coal sales, accounting for approximately 98.8 percent of total revenue, while the PLTU segment contributes about 1.2 percent.
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