After successfully developing three greenfield coal mining assets, TBS diversified its business into the power sector by investing in the construction of two Coal Fired Power Plants (CFPP) with the aim of creating a more sustainable source of income and transforming into an integrated energy company.

In its development, TBS has sharpened the transformation process that is more focused on developing green business and clean energy. To that end, TBS reinvested cash flows from its fossil fuel business into innovative green businesses throughout Indonesia.

TBS will continue looking for business development opportunities by reviewing potential projects and/or asset acquisitions already operating, both in the renewable energy power plant and electric vehicle sectors. In the electricity sector, TBS focuses on developing clean and renewable energy power plants, mainly hydropower, wind turbine, solar panel, and supporting businesses.

In the electric vehicle business, in 2021, TBS made significant progress in our efforts to build collaborative development of the electric motorcycle ecosystem with strategic partners who have the same competence and commitment. With technological innovations and innovative clean and renewable energy projects, TBS is ready to take a key role in Indonesia's future energy transition.