Samaiden Group has formed a joint venture (JV) with PT MCS Bina Energi to expand its renewable energy portfolio in Indonesia.
The venture, made through Samaiden SG Private Limited, a subsidiary of Samaiden Group will focus on solar photovoltaic systems, power plants, and build-own-operate-transfer projects. Samaiden holds a 70 per cent stake, meanwhile MCS holds 30 per cent, with Samaiden providing technical expertise and MCS leveraging its local business and regulatory knowledge. This joint venture aligns with Indonesia’s commitment to renewable energy and strengthens Samaiden’s expansion in Southeast Asia.