SET-listed BCPG, the power generation arm of energy conglomerate Bangchak Corporation, is looking for a new investment opportunity in Indonesia related to nickel, a key raw material for making electric vehicle (EV) batteries.
The idea came after talks with Indonesia Battery Corporation (IBC), which operates a nickel mining business and aims to grow businesses related to battery EVs and the EV ecosystem.
“We initially talked about collaborating, but those talks proved inconclusive,” said Rujiroj Leelaruji, vice-president and energy innovation…
