Indonesiantalk.com — Investment Mission Visit by ZTT Delegation in Indonesia
As part of their investment mission visit, a delegation led by ZTT (Zhongtian Technology Group Co. Ltd), a leading private company from Nantong, Jiangsu Province, China, conducted a series of business meetings with the Nusantara Capital Authority (OIKN), Adaro Energy, and Medco Power in Jakarta this week.
ZTT, specializing in marine equipment, renewable energy, new materials, smart grids, optical communication, and other sectors, operates five factories located in India, Brazil, Indonesia, Morocco, and Turkey. The company is listed among the top 500 enterprises in China, with sales revenue reaching USD 13.5 billion in 2023. Established in 1992, ZTT has been listed on the Shanghai Stock Exchange since 2002 and employs approximately 16,000 people.
In their initial meeting at the Ministry of Public Works and Housing (PUPR), the ZTT delegation met with Danis H. Sumadilaga, Head of the Infrastructure Development Task Force for the New Capital, and his staff. The meeting aimed to discuss potential collaboration in the development of the New Capital’s infrastructure.
Subsequently, in their meeting with Adaro Energy, the ZTT delegation was welcomed by CEO Dharma Djojonegoro, Donavan Baehaqi, Daniel Alexander Okun, Hendrik Purnomo, and Thomas. Meanwhile, during the meeting with Medco Group, CEO Hilmi Panigoro and Medco Power CEO Eka Satria were present.
From ZTT, the attendees included President Chi Xue, General Manager Wei Lu, General Manager Dongqing Miao, President Director of PT ZTT Cable Indonesia Jack Young, Executive Director of PT ZTT Cable Indonesia Nick Guo, along with Jeremy, Helen, and Sun. Indonesian partners Ismeth Wibowo and Lily also participated in the series of meetings.
ZTT expressed its interest in collaborating with the Nusantara Capital Authority, Adaro, and Medco, particularly in telecommunications, electric power, oil and gas, and renewable energy sectors such as submarine cables, hydrogen, photovoltaics, and battery energy storage systems. ZTT’s factory in Indonesia is located in the Suryacipta Industrial Area, Karawang, West Java.
Indonesia has the opportunity to export electricity to Singapore as part of a memorandum of understanding signed by the Minister of Energy and Mineral Resources (ESDM) Arifin Tasrif and Singapore’s Second Minister for Trade and Industry Tan See Leng on Friday (8/9) at the ESDM Ministry Office. ESDM Secretary General Dadan Kusdiana revealed that this cooperation is a follow-up to the ASEAN Meeting in Bali and is expected to enhance electricity interconnections within ASEAN.
“This cooperation is specifically related to cross-border electricity trade,” explained Dadan. Singapore plans to import 4 GW of low-carbon electricity by 2035 to meet its electricity needs, with part of this demand expected to be supplied from Indonesia. The Energy Market Authority (EMA) of Singapore has given conditional approval for the import of 2 GW of low-carbon electricity from Indonesia to Singapore.
About ZTT:
ZTT (Zhongtian Technology Group Co. Ltd) is a leading private company from China engaged in various industries, including marine equipment, renewable energy, new materials, smart grids, and optical communication. With five factories in different countries and over 16,000 employees, ZTT is committed to providing top-notch innovation and technological solutions.
