 Inalum was first established in 1976 as joint venture company between Indonesian government and Nippon Asahan Aluminium Co., Ltd., a consortium of Japanese companies, before it was fully acquired by the government in 2013.Inalum currently on the way of transforming itself into a strategic holding company, to be called MIND ID, that oversees all state-owned mining companies.The failure of the Dutch East Indies government to take advantage of the swift flow of water from Lake Toba through Asahan River prompted Indonesian government to build a hydropower plant.