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.
Star Energy Geothermal launching green bond issuance of up to $1.11 billion
Indonesian energy company Star Energy Geothermal is to issue two green bonds valued at a total of $1.1 billion to be used for capital expenditures, working capital and other needs related to geothermal operations at the plants of Darajat and Salak in Indonesia.
New Job Creation Law strengthens role of central government for geothermal in Indonesia
A new Job Creation Law announced today in Indonesia, is strengthening the role of the central government of Indonesia on geothermal development, such as policy setting, regulation, licensing, supervision, exploration, utilisation etc.
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.
Energy heavyweight Medco books $95m loss in first half
PT Medco Energi Internasional, Indonesia’s second-biggest homegrown oil and gas company, booked a US$95 million loss in the first half of this year, following a collapse in domestic and global energy demand.
