Indonesia’s Pertamina considers buying stake in Rokan block ahead of 2021 transfer
JAKARTA: Indonesia state oil and gas company PT Pertamina is considering buying a participating interest in Rokan block this year, an official said, only a year ahead of the block being handed over to the company from Chevron Corp. Indonesian government decided in 2018 that the operation of Rokan, the country’s second-biggest crude oil producing block, would be transferred to Pertamina […]
South Korean power company eyes $650m renewable energy project in Indonesia
A South Korean power producer is looking to finance a hydropower plant project in Central Java that would be the coal buyer’s first renewable energy deal with Indonesia. Korea Southern Power (KOSPO) is currently reviewing a feasibility study to develop the 230-megawatt (MW) Maung hydropower plant in Banjarnegara, Central Java, with Indonesian state-owned construction firm Nindya Karya […]
N. Sumatra, W. Nusa Tenggara add small renewable-energy plants
The provinces of West Nusa Tenggara (NTB) and North Sumatra have begun operating four renewable-energy power plants with a modest production capacity of 11.8 megawatts (MW) combined. East Nusa Tenggara launched the 5MW Sambelia solar power plant in Lombok in December of last year. North Sumatra began operating the 5MW Bakal Semarak mini hydropower plant, […]
Govt to Cut Pertamina’s Crude Oil Import Quota
TEMPO.CO, Jakarta – The Ministry of Energy and Mineral Resources (ESDM) Directorate General of Oil and Gas has decided to cut back on Pertamina’s crude oil import quota for 8,000 barrels per day, or about 30 million barrels within this year. The Task Executor of Oil and Gas DG, Djoko Siswanto, stated that the state energy company had absorbed 120,000 barrels per day from the Gas Cooperation Contract Holders (KKKS) quota. […]
2 Indonesian islands vanish; more at risk
JAKARTA • Two small islands in South Sumatra have disappeared as a result of rising sea levels driven by climate change, while four other islands are already on the brink of vanishing, the Indonesian Forum for the Environment (Walhi) has said. The province’s Betet Island and Gundul Island, which technically fell under the administration of […]
PLN to increase renewable energy-based power plant capacity in 2020
Jakarta (ANTARA) – State-owned electricity company PT Perusahaan Listrik Negara (PLN) has outlined a target to step up the capacity of renewable energy-based power plant by 1.5 gigawatts (GW) in 2020. “Renewable energy (power plant) capacity in 2020 will be increased by 1.5 GW to ensure its reliability,” Deputy President Director of PLN Darmawan Prasojo […]
Vale’s divestment a tactical move for national electric cars: Thohir
Our country is one of the world’s largest producers of nickel. Hence, Vale’s divestment could play a significant role in our strategic plan ahead. Jakarta (ANTARA) – The divestment of Vale Indonesia, subsidiary of the multi-mining corporation in Brazil, Vale, is part of a strategic measure to develop the national electric vehicle industry, State-Owned Enterprises […]
Masdar to build Indonesia’s first floating solar power plant
Oil floats on water because it’s less dense. Abu Dhabi oil money floats on water because it’s investing in floating solar PV to diversify its obsolescent fossil-fuel economy. Masdar, part of the Abu Dhabi state-owned Mubadala investment fund, has entered a partnership with Indonesian state electricity company Perusahaan Listrik Negara (PLN) via a power purchase […]
