PT Bukaka Energi is a subsidiary with 99% share ownership by the Company. PT Bukaka Energi operates in the Hydroelectric Power Plant (PLTA) business sector, which includes hydroelectric power consulting and hydroelectric power operator and distribution services. PT Bukaka Energi was established in 2013 based on Notarial Deed of Andy Azis, S.H., No. 3 dated June 10, 2013, with Amendment Deed No. 1 dated August 23, 2016, which was followed by an increase in authorized capital deposits to IDR 240 billion, while issued and fully paid capital became IDR 60 billion.
In 2014, PT Bukaka Energi acquired 4 (four) companies engaged in the mini hydroelectric power plant sector, namely PT Anoa Hydro Power, PT Mappung Hydro Power, PT Usu Hydro Power and PT Sakita Hydro Power, with share ownership in each of these subsidiaries reaching 99%. Then in 2019, PT BukakaEnergi reached a share sale and purchase agreement owned by PT Bintang Inti in PT Petro Hidro Optima with a share ownership of 25%. In 2020, PT BukakaEnergi also reached a share sale and purchase agreement owned by Latifa Sahira in PT Petro Hidro Optima, so that the total share ownership was 34.37%. PT BukakaEnergi together with the Company then formed a joint venture called PT Bukaka Mega Investama which focuses on the field of operator services and distribution of hydroelectric power and consulting in the field of hydroelectric power. In this joint venture, as of December 1, 2023, the Company controls 99.85% of the shares, while the remaining 0.15% is owned by PT Bukaka Energi.
The members of the Board of Commissioners and Board of Directors of BE as of December 1, 2023 are as follows:
| BOARD OF COMMISSIONERS: | |
| Commissioner | : Suhaeli Kalla |
| BOARD OF DIRECTORS: | |
| President Director | : Teguh Wicaksana Sari |
| Director | : Abdulah Afifuddin Suhaeli |