Jakarta, 9 April 2025 – PT Arkora Hydro Tbk (ARKO) held its Annual General Meeting of Shareholders (AGMS) on Wednesday, April 8, 2026. The AGMS approved all five agenda items, including the 2025 Financial Statements and changes to the Board of Commissioners and Board of Directors. During the AGMS, the Board of Commissioners highlighted a key milestone for the Company, which is the successful signing of a Power Purchase Agreement (PPA) for the Pongbembe Project (20 MW), which marks the Company’s sixth and largest power plant project. The PPA is valid for 30 years from the commencement of commercial operations, which is expected in 2030. The project is estimated to generate 97,218 MWh of electricity annually, all of which will be fully taken by PT PLN (Persero).
The Company’s President Commissioner, Arya Pradana Setiadharma, stated that the Company recorded revenue of Rp343.3 billion in 2025, representing a 43.7% YoY increase. From an operational perspective, the Company recorded electricity production of 151.8 MWh in 2025, or up 56.1% YoY, supported by the commencement of Project Yaentu and the Company’s commitment to maintain a reliable electricity supply. This strong operational performance drove net profit growth of 52.9% YoY to Rp63.9 billion, with net profit margin increasing to 18.6% (+111 bps YoY) in 2025.
“Beyond focusing on business development, the Company also contributes to Indonesia by reducing greenhouse gas emissions through renewable energy power plant projects. From 2017 to 2025, the Company successfully recorded emission reductions of ±277,241 tons of CO₂eq. Once Project Tomoni and Project Pongbembe commence operations, we estimate total emission reductions will increase by ±181,503 tons of CO₂eq annually. This will further accelerate the achievement of the Net Zero Emission target by 2060,” Arya concluded
Through the AGMS, the Company also announced changes to the composition of its Board of Commissioners and Board of Directors. The AGMS accepted the resignation of Iwan Hadiantoro (Commissioner for the 2022–2025 period) and Boy Gemino Kalauserang (Director for the 2022–2025 period), thereby concluding their respective terms at the Company due to their assignments within the Astra Group this year. In line with these changes, the AGMS approved the appointment of Chinthya Theresa as Commissioner and Terry Tendo as Director, both of whom also come from the Astra Group.
The Company’s President Director, Aldo Artoko, expressed appreciation for the contributions of the outgoing members. “We extend our gratitude for the dedication and contributions of Mr. Iwan Hadiantoro and Mr. Boy Gemino Kalauserang during their tenure. We wish them continued success in their future professional endeavors,” said Aldo. He also expressed hope that the newly appointed Board of Commissioners and Board of Directors will further strengthen the Company’s oversight and governance functions, while driving sustainable growth going forward. Following these changes, the composition of the Company’s Board of Commissioners and Board of Directors is as follows:
Board of Commissioners:
President Commissioner : Arya Pradana Setiadharma
Commissioner : Chinthya Theresa
Commissioner : Indarto
Board of Directors:
President Director : Aldo Artoko
Director : Ricky Hartono
Director : Ismu Nugroho
Director : Terry Tando
About Company
Established in 2010, PT Arkora Hydro Tbk (ARKO) is a company engaged in electricity generation through new and renewable energy (NRE) sources derived from run-of-river hydropower plants. Listed on the Indonesia Stock Exchange (IDX) in July 2022, ARKO currently has a total hydropower plant capacity of 62.8 MW with pipeline achieves more than 300 MW.