{
    "success": true,
    "data": {
        "id": 1828772,
        "msgid": "dividends-flow-valuation-soars-pertamina-nres-move-in-the-philippines-bears-fruit-1782654623",
        "date": "2026-06-28 19:04:23",
        "title": "Dividends Flow, Valuation Soars: Pertamina NRE's Move in the Philippines Bears Fruit",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Energy",
        "summary": "Pertamina New & Renewable Energy's investment in the Philippines' Citicore Renewable Energy Corporation has yielded rapid returns, including dividends and a nearly 50 per cent surge in market capitalisation within a year. The strategic acquisition of a 20 per cent stake has delivered a return on investment of 43.4 per cent, validating the company's inorganic growth strategy. The partnership is also strengthening Pertamina NRE's foothold in the ASEAN green energy market and opening avenues for technology transfer and regional expansion.",
        "content": "<p>Jakarta \u2013 Pertamina New &amp; Renewable Energy\u2019s aggressive move to\ninvest in Citicore Renewable Energy Corporation (CREC) is beginning to\nshow tangible results. Just a year after acquiring a 20 per cent stake\nin CREC in June 2025, Pertamina NRE is already enjoying dividends\nalongside a significant surge in investment value. By the second quarter\nof 2026, CREC\u2019s market capitalisation had soared from around US$600\nmillion to nearly US$900 million. This means the company\u2019s value grew by\nalmost 50 per cent since Pertamina NRE entered as a strategic investor.\nThe increase serves as a strong signal that the renewable energy sector\nin Southeast Asia is increasingly promising. Pertamina NRE Corporate\nSecretary, Sri Nur Hidayati, affirmed that this achievement proves the\ncompany\u2019s inorganic investment strategy is running effectively and\ngenerating financial benefits faster than anticipated. \u201cThe dividend\ndistribution from CREC within a year is proof that our investment not\nonly has long-term growth prospects but has also provided real financial\nbenefits,\u201d Sri said in Jakarta on Monday (22\/6). Beyond financial gains,\nthis investment also strengthens Pertamina NRE\u2019s footing in the regional\ngreen energy business. CREC currently manages a solar power plant\ncapacity of more than 1,200 MWdc, making it one of the largest solar\nenergy players in the Philippines. For Pertamina NRE, the stake in CREC\nis not merely a financial portfolio but also a strategic asset to expand\nits clean energy business network in ASEAN. CREC Director representing\nPertamina NRE, Eri Reksoprojo, described the collaboration as a mutually\nbeneficial strategic investment. According to him, besides providing\ndividends, the investment also recorded a return on investment (ROI) of\n43.4 per cent, an achievement demonstrating disciplined investment\nexecution quality based on strong business fundamentals. \u201cThis is not\njust a strategic financial investment, but a pathway to expand\ncooperation, strengthen the portfolio, and enhance Pertamina NRE\u2019s\nbargaining position in future renewable energy investment\nopportunities,\u201d Eri said. This success also received support from\nDanantara Investment Management. The company\u2019s Chief Investment Officer,\nPandu Patria Sjahrir, assessed that Pertamina NRE\u2019s investment in CREC\nholds long-term strategic value. According to Pandu,\nIndonesia-Philippines synergy in the green energy sector has the\npotential to open opportunities for solar panel exports, technology\ntransfer, and the placement of Indonesian workers in the Philippines\u2019\nrapidly growing renewable energy industry. Going forward, Pertamina NRE\naffirmed it will continue to prioritise a value creation-based\ninvestment strategy, not only pursuing returns but also strengthening\nnational and regional clean energy business capabilities. The investment\nin CREC has now become one of Pertamina NRE\u2019s key foundations in\naccelerating the energy transition while bolstering Indonesia\u2019s energy\nsecurity in the midst of a changing global energy landscape.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/dividends-flow-valuation-soars-pertamina-nres-move-in-the-philippines-bears-fruit-1782654623",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}