PT TBS Energi Utama

TOBA

A close up of a solar panel on a building

Ticker

IDX:TOBA

Price (Q3 2025)

3,080

Market Cap

Rp 2.5T

Headquarters

Jakarta, Indonesia

Key East Indonesian Operations

East Nusa Tenggara

Industry/Sector

Renewable Energy

Company Profile

PT TBS Energi Utama Tbk, better known as TOBA, is an Indonesian energy company that began with coal mining operations and has since diversified into renewable energy and power generation. While historically focused on coal assets in Kalimantan, TOBA has made a strategic shift towards sustainable energy, aligning its business with Indonesia’s long-term decarbonization goals. The company has positioned itself as an integrated energy player bridging conventional and renewable sources, with a growing emphasis on Eastern Indonesia’s energy access challenges and opportunities.

Sustainability and Governance

Transitioning business portfolio from fossil-based to renewable and clean energy projects.
Investments in solar power as part of Indonesia’s national renewable energy targets.
Corporate governance framework aligned with ESG standards to ensure transparent reporting and environmental responsibility.
Participation in partnerships with local and international stakeholders to promote sustainable energy transition.

Operations and Impacts in East Indonesia

Renewable Energy Deployment: Initiatives to install solar energy infrastructure in Nusa Tenggara and Maluku to address rural electrification gaps.
Community Development: Programs aimed at supporting access to electricity for isolated communities, improving education and livelihoods.
Strategic Role: Contributing to Indonesia’s broader plan for a clean energy corridor in Eastern Indonesia, supporting national energy transition targets.