Indonesia eyes massive investments in renewable power
The Indonesian government estimates that total investment of up to $1,043 billion will be needed to develop new power plants fuelled by renewable energy to achieve its goal of carbon neutrality by 2060. The Southeast Asian nation is currently heavily reliant on coal for power generation.
TotalEnergies installs 1.1-MWp rooftop PV system for Indonesia’s chocolate maker
French multi-energy major TotalEnergies SE (EPA:TTE) has delivered a 1,138-kWp solar rooftop solution for Indonesia’s largest chocolate maker PT Freyabadi Indotama, the companies announced in a joint statement.
N Kalimantan green industrial area to become world’s largest: Widodo
President Joko Widodo (Jokowi) has said that he expects the green industrial area in North Kalimantan to become the largest in the world once it is expanded to 30 thousand hectares. The industrial area was originally planned to be developed on 13 thousand hectares of land.
Indonesia Needs US$187bn Upstream Investment to Boost Oil, Gas Production
Energy Minister Arifin Tasrif estimates it would require US$187 billion of investment in the upstream oil and gas in order to achieve the target of increasing production in 2030. The figure is around IDR 2,700 trillion, assuming an exchange rate of IDR 14,379 per US dollar.
Minister outlines schemes to bring investment in car batteries
Minister of Investment / Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia has pointed out several implemented strategies to attract investment in electric car batteries in Indonesia.
Indonesia’s G20 presidency boosts global investor confidence: Hartarto
Coordinating Minister for Economic Affairs Airlangga Hartarto has said Indonesia’s G20 presidency helps boost global investor confidence and accelerate the national economic recovery.
PT Apexindo hopeful for more geothermal contracts in Indonesia
Indonesian drilling company PT Apexindo Pratama Duta Tbk (APEX) recorded a lower land rig utilization level this year compared to 2020. As of October 2021, APEX’s land rig utilization is at 1% while in 2020 its utilization is 4%, so a news piece by Kontan.
China’s pivot from funding coal plants to gasification slammed as more of the same
When China announced, in late September, that it would stop financing the construction of new coal plants overseas, Indonesia looked to be one of the most impacted countries. The Southeast Asian nation is one of the world’s most prolific builders of coal-fired power plants, often with Chinese support.
