Bukit Asam (PTBA) Merges Two O&M Service Subsidiaries in Business Consolidation

Bisnis.com, JAKARTA – PT Bukit Asam Tbk (PTBA) plans to merge its two subsidiaries, PT Bukit Energi Servis Terpadu (BEST) and PT Bukit Energi Investama (BEI), into a single entity.

In an announcement published in Bisnis Indonesia on Saturday, 30 May 2026, PTBA management stated the merger is part of streamlining state-owned enterprise (BUMN) subsidiaries under the mining industry holding company, PT Mineral Industri Indonesia (Persero) or MIND ID.

“The implementation of this strategic policy is expected to enhance efficiency, strengthen focus on the company’s core business, and improve governance by reducing duplicated functions and similar business activities, including through the merger of entities,” the management explained in the announcement.

The merger will leave BEST as the surviving entity. Through the consolidation, BEST is expected to become more agile, accelerate consolidation processes, and deliver maximum added value to PTBA as the parent company.

BEST focuses on four key pillars: operations and maintenance (O&M) and overhaul of coal-fired power plants, renewable energy engineering, procurement, and construction (EPC) services, mining support O&M services, and spare parts and heavy equipment trading.

BEI, meanwhile, operates in energy investment and development, primarily focusing on renewable energy projects, especially solar power plants (PLTS). In addition to renewable energy investments, BEI provides services including installation, operation, and maintenance of renewable energy systems.

BEST and BEI anticipate the effective merger date to be 30 June 2026, following the signing of the merger deed and approval from the Indonesian Minister of Law for BEST’s amended articles of association as a result of the merger.

However, the companies have stressed that this date is provisional and subject to change.

BEST management plans to retain BEI employees post-merger, offering them positions in accordance with BEST’s internal regulations, particularly regarding employment terms.

As a result of the merger, BEI employees who agree to continue their employment with BEST will become BEST staff under either unfixed-term (PKWTT) or fixed-term (PKWT) contracts, depending on their current employment status.