Indonesia planning US$12B battery venture
Indonesian state-owned mining company Mining Industry Indonesia (MIND ID) plans to partner with domestic utility and energy companies on a US$12 billion EV battery project that would leverage the Southeast Asian country’s nickel production.
Papua government follows up on FMG’s hydropower plant investment plan
Papua government’s officials from the Energy and Mineral Resources Office met with representatives of Australia’s Fortescue Metals Group Ltd (FMG) to follow up on an investment plan for the hydropower plant project in Mamberamo Raya.
New Energy Nexus launches first fund for Indonesian renewable energy start-ups
Solar panels (Shutterstock/File) California-based nonprofit organization New Energy Nexus announced on Friday its Indonesia 1 Funds, an initiative to invest in early-stage renewable energy companies.
Blawan Ijen geothermal project in Indonesia secures $28m in working capital funding
PT Medco Power Indonesia has secured working capital funding of around $28 million for its Blawan Ijen geothermal project in Indonesia, a joint project with Ormat Technologies.
Pertamina defers phasing out Premium brand despite clean fuel goal
State-owned oil giant Pertamina expects to continue to sell its least environmentally friendly gasoline brand, Premium, until at least 2024, despite its initial target of completely phasing out the brand two years ago to meet its emissions target.
Indonesia seeks to improve skills of its climate negotiators
Indonesia has moved to improve the skills of its negotiators at global climate forums to better represent the country’s interests.
Indonesian state miner completes 20% stake buy in Vale unit for 5.52t rupiah
Indonesia’s state miner Mining Industry Indonesia (Mind Id), formerly known as Inalum, completed its purchase of a 20 percent stake in nickel miner Vale Indonesia, the country’s state-owned enterprises ministry said on Thursday.
Indonesia’s power sector is open for business
Indonesia has traditionally been a country with a challenging investment landscape. The panel acknowledged how constantly changing regulations, exchange rate fluctuations and licensing red tape have thwarted project development.
