Supporting ESG: Pertamina to allocate nine percent of Capex for NRE
Indonesian energy company PT Pertamina (Persero) will allocate around nine percent of its total capital expenditure (Capex) for the 2020-2024 period for its entire new and renewable energy (NRE) initiatives.
Low tariffs still hinder geothermal power growth in Indonesia
Low electricity offtake tariffs remain the unaddressed challenge to developing geothermal power plants in Indonesia, after the recent launch of a state-funded well-drilling program addressed the issue of high production costs, experts say.
Sri Mulyani Elaborates the Costly Green Economy Transition
Finance Minister Sri Mulyani Indrawati in the G20 presidency press conference on Thursday said the government would need over Rp3,500 trillion or Rp3.5 quadrillion to finance Indonesia’s transition towards green economy, or low carbon, resource efficient, and socially inclusive.
ConocoPhillips to exit Indonesia with $1.36bn asset sale
ConocoPhillips has signed an agreement to divest its interests in Indonesia to the local oil and gas company MedcoEnergi for $1.355bn, a move that will mark its exit from the country.
First electric vehicle charging station launched in Kalimantan
Jakarta (ANTARA) – State-owned electricity provider PT PLN (Persero) has launched its first electric vehicle charging station (SPKLU) on Kalimantan Island to expedite the establishment of an electric vehicle ecosystem in Indonesia.
Indonesia’s Luhut Invites Huawei to Enhance Collaboration in Smart Future and New Energy
[Dongguan, China, December 8, 2021] Yesterday, coordinating Minister for Maritime and Investment Affairs of the Republic of Indonesia, Luhut Binsar Pandjaitan, met Guo Ping, Huawei’s Rotating Chairman, to discuss tightening ties between Indonesia and Huawei on digital transformation and a number of initiatives to develop digitalization, 5G, AI, and new energy.
Gov’t prioritizing oil and gas basin exploration in eastern Indonesia
Jakarta (ANTARA) – The Indonesian government has currently set its sights on the exploration of oil and gas basins in five areas in eastern Indonesia namely Buton, Warin, Timor, Seram, and Aru.
Sri Mulyani: Tobacco Tax Increase Hoped to Slash Cigarette Production
TEMPO.CO, Jakarta – Finance Minister Sri Mulyani Indrawati on Monday hoped the increased tobacco tax rates in 2022 will eventually reduce domestic cigarette production by three percent in 2022 to 310 billion cigarettes.
