Moya Indonesia (MOYA) Forms Joint Venture to Develop Water Infrastructure at Two Sites

KONTAN.CO.ID – JAKARTA. PT Moya Indonesia Tbk (MOYA) has formed a joint venture, PT Air Pertiwi Lestari, with PT Pertiwi Lestari. The venture was established to carry out a project to build and operate clean-water and wastewater treatment infrastructure in Karawang and West Jakarta.

According to an information disclosure submitted to the Indonesia Stock Exchange (IDX) on Monday (12 October 2026), the joint venture was formed on 12 October 2026. The reported transaction value was Rp6.60 billion.

Moya Indonesia said PT Air Pertiwi Lestari would undertake a project covering the construction and operation of a Water Treatment Plant (WTP), Waste Water Treatment Plant (WWTP) and Water Recycle Plant (WRP). The project will also include clean-water and wastewater networks.

A WTP is a facility for treating water, while a WWTP is used to treat wastewater. A WRP treats water so that it can be reused for its intended purpose.

Any sale, transfer, encumbrance, granting of security over, or disposal of rights to some or all of the shares in the joint venture must first be approved at a general meeting of shareholders (GMS).

Shareholders also have tag-along rights if one shareholder intends to transfer its shareholding.

Moya Indonesia said the establishment of PT Air Pertiwi Lestari would have no material impact on the company’s operations, legal matters, financial condition or business continuity.