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The National Village Cooperative Union (INKUD), the umbrella body for government‑backed cooperatives, and EGI Resources have formally signed a strategic Memorandum of Understanding (MoU) covering a wide range of national development sectors.
Key Participants
- Portasius Nggedi, Chairman of INKUD
- Erslan Ibrahim, CEO of EGI Resources
- Signed in the presence of Dr. Ferry Juliantono, Deputy Minister of Cooperatives and SMEs
Main Areas of Collaboration
- Energy (hydropower and solar power plants)
- Food & Agriculture
- Transportation
- Pharmaceuticals
- Digitalisation
Priority Project
- Development of hydroelectric (PLTA) and solar‑power (PLTS) plants in several regions, aimed at strengthening Indonesia’s energy security, supporting the clean‑energy transition, and creating new jobs.
Statements
- Portasius Nggedi (INKUD): “INKUD is open to partnerships with both state‑owned and private entities. This MoU marks a pivotal step toward delivering tangible benefits for cooperative members and the wider community.”
- Erslan Ibrahim (EGI Resources): “Our collaboration will bring innovative, sustainable development solutions and enhance synergy between business and cooperatives for the people’s welfare and national progress.”
Significance The agreement underscores both parties’ commitment to advancing Indonesia’s national development goals and reinforcing the cooperative sector as a driver of inclusive economic growth.