Euroasiatic

What Euroasiatic does

Euroasiatic (legal entity PT. Euroasiatic Jaya, founded 1969 in Jakarta, Indonesia) is a privately held heat and power generation solutions provider operating across Southeast Asia and into Russia. Its core offering is decentralized Combined Cooling, Heating, and Power (CCHP) systems spanning mono-generation, co-generation, tri-generation, and combined-cycle configurations, designed to deliver electricity, heating, and cooling from a single fuel source. The company integrates and commissions equipment from a multi-OEM portfolio — INNIO Jenbacher gas engines (200 kW–10 MW), Kawasaki Green gas turbines, Actom John Thompson coal-fired steam boilers, VKK Standardkessel and Eransan oil/gas-fired boilers, InPlan thermal oil heaters, Saacke combustion systems, PPE gas processing, and Technical Asia switchgear — packaged into turnkey thermal and power plants.

Euroasiatic monetizes through three revenue streams: (1) one-time EPCC project revenue from engineering, procurement, construction, and commissioning of turnkey plants; (2) recurring after-sales service, spare parts supply, and long-term Contractual Service Agreements (CSAs) and Contractual O&M Agreements (COMAs); and (3) Build-Operate-Own / Build-Operate-Transfer (BOO/BOT) energy-as-a-service models where it finances, owns, and operates plants on the client's behalf. Go-to-market is enterprise field sales for large EPCC projects plus authorized channel-partner distribution of OEM equipment, with a stated base of 5,000+ customers spanning oil & gas, power generation, food & beverage, manufacturing, tobacco, palm oil, real estate, and hospitality. Pricing is not publicly disclosed and is project-specific via an RFIQ process.

The company operates through wholly-owned subsidiaries and branch offices in Indonesia (Jakarta HQ at BSD TechnoPark plus Bandung, Surabaya, Medan, Semarang, Solo, Palembang, Batam, Makassar), Malaysia (Johor Bahru), Singapore, Thailand (Bangkok), Vietnam (Hanoi, Ho Chi Minh City), the Philippines (Manila), and Russia (Moscow). Reference customers include Shell, PLN, Pertamina, Indonesia Power, PetroChina, Toyota, Honda, Unilever, Nestle, Coca-Cola, Danone, Indofood, and others, with vertical concentration in oil & gas and power generation. The company holds OHSAS 18001:2007 occupational health and safety certification and claims CCHP system efficiencies of 90% or higher.

Name

Euroasiatic

Legal name

PT. Euroasiatic Jaya

Website

https://euroasiatic.com

Company type

Private

Founded year

1969

Operating status

Operating

Headcount range

101–250 employees

Short description

Euroasiatic is a privately held Indonesian heat and power generation solutions provider, founded in 1969, delivering turnkey CCHP, gas engine, gas turbine, and boiler EPCC projects plus BOO/BOT energy services and OEM after-sales support across Southeast Asia.

Ownership category

akta.pro rank

Product category

Industrial Heat and Power Generation Solutions

NAICS

Turbine and Turbine Generator Set Units Manufacturing (333611), Power Boiler and Heat Exchanger Manufacturing (332410)

SIC

Cogeneration Services & Small Power Producers (4991), Engines & Turbines (3510)

akta.pro primary industry

Combined Cycle & Cogeneration (CHP) EPC (EUAEAAAB)

akta.pro secondary industries

Power Plant I&C / SCADA / DCS EPC (EUAEAAAN), Construction Management & General Contracting (EPCM, Scheduling, QA/QC, HSE) (EUAMAFAJ)

Keywords

• Power generation solutions
• Combined heat power
• EPCC engineering services
• Thermal power plants
• Gas engine distribution

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices17 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Technology or R&D, Infrastructure, Marketing or Sales

Revenue model

1. EPCC (Engineering, Procurement, Construction & Commissioning): One-time project-based revenue from designing, procuring, constructing, and commissioning turnkey thermal and power plant systems for clients.
2. After-Sales Service & Spare Parts: Recurring revenue from after-sales service, spare parts supply, and short/long term service agreements for installed equipment.
3. Build-Operate-Own/Build-Operate-Transfer (BOO/BOT): Investment model where company builds, operates, and maintains power plants, earning revenue from power generation and selling energy to clients.
4. INNIO Jenbacher Product Distribution: Revenue from authorized distribution and channel partnership of INNIO Jenbacher gas engines, spare parts, and related products.

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Euroasiatic provides turnkey heat and power generation solutions for industrial, commercial, government, and oil & gas clients, delivering decentralized CCHP (Combined Cooling, Heating & Power), co-generation, tri-generation, and combined-cycle power plant systems. The company executes full EPCC (Engineering, Procurement, Construction & Commissioning) projects, supplies and integrates gas engines (INNIO Jenbacher), gas turbines (Kawasaki Green), steam boilers (Actom John Thompson, VKK Standardkessel, Eransan), thermal oil heaters, combustion systems (Saacke), and waste heat recovery equipment, and offers BOO/BOT (Build-Operate-Own/Build-Operate-Transfer) investment models plus after-sales service, spare parts, and O&M programs. It operates as an authorized channel partner for INNIO Jenbacher and other international manufacturers across Indonesia and Southeast Asia.

Product overview

Euroasiatic (EA) is a Heat & Power Generation Solutions Provider offering a comprehensive portfolio of energy systems. The core offering centers on Heat & Power Generation Solutions encompassing mono-generation, co-generation, tri-generation, and combined-cycle configurations. The product portfolio includes INNIO Jenbacher gas engine generating sets (Types 2, 3, 4, 6) ranging 200 kW to 10 MW, Kawasaki Green gas turbine generating sets, and various boiler solutions including Actom John Thompson coal fired steam boilers, VKK Standardkessel oil/gas fired steam boilers, InPlan thermal oil heaters, and Saacke combustion systems. Supporting infrastructure includes Technical Asia electrical distribution systems, PPE gas processing systems, and waste heat recovery solutions. Service offerings span the full project lifecycle including EPCC (Engineering, Procurement, Construction, Commissioning), after-sales service programs with spare parts and O&M contracts, and Build-Operate-Own/Transfer investment models. EA operates as a channel partner for INNIO's Jenbacher products in Indonesia, providing product sales, genuine parts, authorized field services, overhauls, commissioning, training, and Contractual Service/Maintenance Agreements (CSAs/COMAs).

Differentiator

Problem solved

Functional benefit

Products and services

• Heat & Power Generation Solutions Turnkey decentralized thermal and power plant systems in mono-generation, co-generation, tri-generation, and combined-cycle configurations, supplied to industrial, commercial, government, and oil & gas clients across Indonesia and Southeast Asia.
• Engineering, Procurement, Construction & Commissioning (EPCC) Full EPCC project delivery for power plants, including feasibility studies, heat balance calculations, design, procurement, civil/mechanical/electrical installation, commissioning, and hand-over.
• Service Programs (After-Sales, Spare Parts, O&M) Comprehensive after-sales service programs including spare parts supply, short/long-term service agreements, predictive and preventive maintenance, remote monitoring and diagnostics, Changes/Modifications/Upgrades (CM&Us), and technical support/troubleshooting.
• Build-Operate-Own / Build-Operate-Transfer (BOO/BOT) Investment Services Investment services under BOO and BOT models in which Euroasiatic builds, operates, and either owns or transfers thermal and power plant assets, generating energy revenue and removing upfront capex from clients.
• INNIO Jenbacher Gas Engine Generating Sets Authorized distribution of INNIO Jenbacher gas engine generating sets from 200 kW to 10 MW (Types 2, 3, 4, and 6) for mono-generation, co-generation, and tri-generation power plants, fueled by natural gas, biogas, landfill gas, sewage gas, and special gases; includes commissioning, authorized services, CSAs/COMAs, overhauls, and training.
• Kawasaki Green Gas Turbine Generating Sets Authorized distribution of Kawasaki Green gas turbine generating sets for mono-generation, co-generation, and combined-cycle power plants, sourced from Kawasaki Heavy Industries (Japan/Malaysia).
• Actom John Thompson Coal Fired Steam Boiler Plants Authorized distribution of coal fired steam boiler plants from Actom John Thompson (South Africa) for industrial heat and power applications.
• VKK Standardkessel Oil & Gas Fired Steam Boiler Plants Authorized distribution of medium and large capacity oil and gas fired steam boiler plants from VKK Standardkessel (Germany).
• Eransan Oil & Gas Fired Steam Boiler Plants Authorized distribution of small and medium capacity oil and gas fired steam boiler plants from Eransan (Turkey).
• InPlan Oil & Gas Fired Thermal Oil Heater Plants Distribution of oil and gas fired thermal oil heater plants from InPlan for industrial heating applications.
• Saacke Combustion Systems and Burners Distribution of Saacke combustion systems and special application burners for industrial heating solutions.
• Waste Heat Recovery Steam Boiler & Thermal Oil Heater Plants Engineering and supply of waste heat recovery systems for steam boiler and thermal oil heater applications, recovering heat from industrial processes to generate additional power or heat.
• Gas Compression and Process Refrigeration Systems Distribution of gas compression and process refrigeration systems for industrial applications supporting oil & gas and power plant operations.
• PPE Gas Processing and Treatment Systems Distribution of Pacific Processing Engineering gas processing and treatment systems for gas purification and handling in support of power and process plants.
• Technical Asia Electrical Distribution Systems and Switchgear Distribution of electrical distribution systems, control panels, and low/medium voltage switchgear from Technical Asia / Technical SouthEast Asia for power plant installations.

Quantifiable outcome

• Co-Gen/Tri-Gen systems achieve efficiencies of 90% or more, more than 40% higher than thermal energy alone
• +1 more outcomes

Named customers35 records

Segments8 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Five partnerships are on record, tiered core.

• INNIO JenbachercoreTechnology or IntegrationAuthorized channel partner for INNIO's Jenbacher gas engine generating sets (200 kW to 10 MW) for mono-generation, co-generation, and tri-generation power plants. Provides product sales, commissioning, authorized services, spare parts, Contractual Service Agreements (CSAs), Contractual O&M Agreements (COMAs), overhauls, and training in Indonesia and Southeast Asia.
• Actom John ThompsoncoreTechnology or IntegrationAuthorized partner for coal fired steam boiler plants and coal fired thermal oil heater plants. Located in South Africa.
• Kawasaki GreencoreTechnology or IntegrationAuthorized partner for gas turbine generating sets for mono-generation, co-generation, and combined-cycle power plants. Located in Japan and Malaysia.
• VKK StandardkesselcoreTechnology or IntegrationAuthorized partner for medium and large oil and gas fired steam boiler plants. Located in Germany.
• Euroasiatic (Internal Manufacturing)coreTechnology or IntegrationInternal capability for coal and solid fuel fired co-generation power plant systems and waste heat recovery steam boiler and thermal oil heater plants serving Asia, Europe, and Indonesia markets.

Scale indicators2 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• Wärtsilä: Finland-based manufacturer of large gas and dual-fuel engines and an EPC contractor for flexible power plants. Competes with Euroasiatic for decentralized industrial power, CHP, and IPP projects across Southeast Asia, though at larger MW scale.
• Caterpillar (Cat Power Generation): Global manufacturer of gas and diesel generator sets with a strong regional dealer/distributor network for industrial power and CHP. Competes with Euroasiatic on engine-based power plants in Southeast Asia through its dealer channel.
• Mitsubishi Power: Japanese OEM of gas and steam turbines and EPC contractor for combined-cycle plants. Competes with Euroasiatic on the gas-turbine power plant side and through regional Southeast Asian EPC alliances.
• MAN Energy Solutions: Germany-based manufacturer of large gas engines and turbines with EPC capabilities for decentralized and CHP power plants. Overlaps with Euroasiatic on the engine-supply side and on combined-heat-and-power project execution.
• Siemens Energy: Global energy OEM and EPC contractor for gas turbines, combined-cycle, and grid-scale power. Competes with Euroasiatic for larger combined-cycle and industrial power projects in Southeast Asia, with broader portfolio and balance sheet.
• GE Vernova: GE's energy spin-off covering gas turbines, generators, and grid solutions. Directly competes with Euroasiatic for combined-cycle and gas-turbine-based power projects across Southeast Asia, particularly with Kawasaki joint offerings.

Regional players

• PT Surya Energi Indotama: Indonesian energy company focused on distributed power generation, gas-engine-based IPPs, and energy service contracts. Direct regional competitor in decentralized CHP and BOO/BOT projects in Indonesia.
• PT Rekayasa Industri (Rekind): Indonesian state-owned EPC contractor for oil & gas, petrochemical, and power generation. Already listed as a Euroasiatic customer but also a regional competitor for EPCC of thermal and combined-cycle power projects in Indonesia.
• PT Truba Jaya Engineering: Indonesian EPC contractor specializing in power generation, industrial plants, and boiler systems. Direct regional competitor to Euroasiatic for turnkey thermal and power projects targeting the same industrial and government customers in Indonesia.

Direct peers

• Clarke Energy: Authorized INNIO Jenbacher distributor and EPC integrator in EMEA, UK, Australia, and parts of Asia. Operates an almost identical business model to Euroasiatic — Jenbacher gas engines, CHP/CCHP turnkey projects, BOO/BOT service, and after-sales CSAs — making it the closest direct comparator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights7 records

Customer concentration

• Instagraminstagram.com/heatandpower
• LinkedInlinkedin.com/company/euroasiatic

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Euroasiatic