PT Kencana Energi Lestari Tbk engages in the development, ownership, and operation of renewable energy power plants in Indonesia. The company, through its subsidiaries PT Bangun Tirta Lestari, PT Energi Sakti Sentosa, PT Nagata Dinamika Hidro Madong, and PT Biomassa Energi Jaya, operates four hydropower plants including PLTA Pakkat (18 MW) in North Sumatra, PLTA Air Putih (21 MW) in Bengkulu, and PLTM Ma’dong (10 MW) in North Toraja, South Sulawesi; a biomass power plant PLTBm Tempilang (5 MW) in West Bangka, Bangka Belitung Islands; and a solar power plant PLTS Tempilang under development in the same region. It supplies electricity to industrial and household customers primarily under power purchase agreements with state utility PT PLN (Persero), with additional involvement in power generation services, electricity supply, construction, trade, and investment activities.
Founded in 2008 and headquartered at Kencana Tower, 11th Floor, Jl. Raya Meruya Ilir No. 88, Jakarta Barat, Indonesia, the company focuses on hydropower, biomass, solar, and potential wind projects across Sumatra, Sulawesi, and Bangka Belitung regions to support Indonesia's renewable energy targets of 23% by 2028 and at least 31% by 2050.
In recent developments, PT Kencana Energi Lestari Tbk reports revenue of USD14 million from its hydropower concessions in 2024 under a Build-Own-Operate-Transfer agreement with PT PLN through subsidiary PT Tiara Tirta Energi, representing 37% of total revenue; targets USD34.96 million in renewable energy revenue by 2025 with a 650 MW project pipeline and 206 MW in tenders; and invests USD14.16 million in capital expenditures for capacity expansion and income diversification amid a 2024 revenue dip to USD37.87 million while maintaining profitability.