PT Sumber Daya Energi (SDE) is a coal mining company located in South Kalimantan, Indonesia, engaged in coal mining and coal sales.
Reserves and resources: Competent Person's Report, as of 31 December 2021.
China Qinfa Group acquired a 70% stake in SDE on 25 May 2021 and increased it to 75% by end-2023. In 2024, a 40% stake in Liyuan Development was sold to Zhejiang Energy International; following the transaction, Zhejiang Energy Group indirectly holds 30% of SDE.
In chronological order.
China Qinfa Group completed the acquisition of a 70% equity interest in PT Sumber Daya Energi (SDE).
The licence was renewed through 14 May 2034; by end-2023 China Qinfa Group's interest in SDE had risen to 75%.
Trial coal mining commenced. By 31 May 2024, approximately 0.88 Mt of raw coal had been produced since commencement.
A China Qinfa subsidiary planned to sell a 40% stake in Liyuan Development to Zhejiang Energy International. Upon completion, Zhejiang Energy International would indirectly hold 30% of SDE.
SDE participated as an exhibitor.
The SDE-1 pithead power plant was connected to the grid on 21 March; SDE-2 was commissioned on 28 March with a designed annual capacity of 10 Mtpa.
Covering 70,000 metric tonnes of Indonesian thermal coal, with an estimated transaction value of no more than RMB 47 million at prevailing prices. The agreement replaced a previously planned 20-year long-term coal supply agreement.
