ADRO - 3 Adaro entities ready to enter the Carbon Exchange

ADRO - 3 Adaro entities ready to enter the Carbon Exchange Three Adaro Energy Indonesia (ADRO) entities, including Tanjung Power Indonesia (TPI), are preparing to participate in carbon trading on the Indonesian Carbon Exchange, launched in September 2023. TPI is a consortium with 65% ownership by Adaro Power and operates coal-fired power plants. These companies intend to be sellers on the exchange due to their advanced coal combustion technology that reduces carbon emissions. Adaro Power is also pursuing carbon credit trading as part of the Ministry of Energy and Mineral Resources initiative. (Source : Investor Daily)