SEI Presents Contribution and Survival Strategy in Solar Energy Sector at Indonesia Best Electricity Award (IBEA) 2023

JAKARTA - Indonesia Best Electricity Award (IBEA) 2023 was successfully held on February 22-23, 2023. Held at the Ballroom of the Bidakara Hotel Jakarta, IBEA 2023 involved all academics, government officials, and companies engaged in the field of New and Renewable Energy (EBT), including PT Surya Energi Indotama (SEI).

As a pioneering EBT company in Indonesia, especially solar energy, SEI has contributed greatly to advancing the domestic PLTS industry. Thousands of PLTS project points worked on by SEI have spread from Sabang to Merauke. In IBEA 2023, SEI also participated as an exhibitor and also fulfilled the invitation to present in front of the judges as one of the finalists of IBEA 2023.

SEI is one of 31 companies that have been nominated for the Indonesia Best Electricity Award (IBEA) 2023. All of them show off their skills in implementing renewable energy in their respective companies. This is one of the jury's assessments.

I Made Sandika Dwiantara as SEI's Marketing and Business Development Director represented SEI in a 10-minute presentation and Q&A session in front of the judges. Made explained how SEI has been able to survive in the solar energy industry for 15 years, especially when the Covid-19 pandemic hit. SEI should be proud because during the pandemic, the company's performance continued to show good performance. The company's revenue is above 1 trillion and profits are above 100 billion.

"The anomaly is that when faced with Covid conditions, we were actually able to take advantage of the gap with productivity that is all from home. We are able to provide services and offer solutions to ministries that need them. So that it increases our performance both in terms of contracts and income. "said Made in his presentation.

In addition, SEI also opened a booth at the Exhibition which was still held in the same place. This exhibition is an opportunity for SEI to again increase brand awareness to the public, especially now that there are more and more companies in the solar energy sector. SEI has high hopes that public awareness of the use of new renewable energy will be accompanied by their decision to use SEI's solution products.

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Here’s Shareholder Direction for SEI Business in 2023

JAKARTA – PT Surya Energi Indotama (SEI) attended the General Meeting of Shareholders (GMS) agenda which was held at the Kempinski Hotel Jakarta on Monday (30/01). Together with all DEFEND ID Members, namely Len, Pindad, Dahana, PAL, and DI, as well as Len Industri Company, namely Eltran Indonesia, LRS, LTI, and SEI, the series of GMS were carried out in turns one by one led by the Board of Directors of PT Len Industri (Persero) as the shareholder. This GMS discussed the Work Program and Company Budget (RKAP) of each DEFEND ID company and Len Industri Company.

Based on the RKAP, in 2023 SEI is targeted to be able to obtain new contracts worth IDR 1.423 trillion with revenues of IDR 1.06 trillion. The net profit that SEI is expected to obtain in 2023 is IDR 129 billion, with a CFO of IDR 81 billion.

As a shareholder, first of all, the Board of Commissioners appreciates the SEI Board of Directors for the achievement of the 2022 RKAP and KPI. In 2022, SEI managed to record contract achievements of 1.205 trillion and revenues of 962 billion. This figure was able to exceed the target set by the holding.

"The Board of Commissioners expresses its appreciation for all the efforts of the Board of Directors in meeting the 2022 RKAP and KPI targets. Hopefully this good performance can be maintained to achieve the 2023 RKAP target," said Indarto Pamoengkas as SEI Commissioner.

Furthermore, the Board of Commissioners provided several directions and suggestions to SEI which were delivered at this GMS. First, in order to support the achievement of the 2023 sales target, SEI is asked to remain selective in seeking projects and ensure the availability of good Human Resources and project funding. In addition, SEI needs to carry out projects on time and at the right cost.

Second, in SEI's plan to enter the Developer business, SEI is asked to make maximum efforts equipped with a comprehensive study. Starting from the business scheme to the funding structure so that the developer business can become a recurring income for SEI.

Third, all risks in the company are expected to be analyzed and controlled effectively by preparing a structured and adequate mitigation plan. This includes anticipating legal risks by strengthening the legal function and risk management in making contracts/agreements with third parties.

Fourth, in order to support the company's operations and development, SEI is asked to continue to improve the quality of professional human resources by implementing adequate knowledge management and talent management. SEI is also asked to implement an objective reward & punishment mechanism and a performance-based remuneration system that can spur employee productivity.

Fifth, all levels of the company must refer to the Standard Operating Procedure (SOP) and provisions that have been set, orderly administration, prioritize the principles of Good Corporate Governance (GCG), and consistent risk management.

Finally, the GMS which was attended by all SEI Directors, SEI Commissioners, all Directors, Echelon I & II of PT Len Industri (Persero) as the majority shareholder, and the President Director of PT Eltran Indonesia as the minority shareholder was closed with the reading of the GMS decision delivered by Wahyu Sofiadi as the Director of Business and Cooperation of PT Len Industri (Persero).

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