In Indonesia, state energy companies like PLN Indonesia Power (IP) and PT Pertamina are spearheading the establishment of hydrogen vehicle ecosystems with the introduction of hydrogen refueling stations (HRS) in Jakarta. Challenges persist in scaling up deployment due to high costs exceeding typical consumer budgets.
Yohanes Nangoi of Gaikindo acknowledges the environmental benefits but emphasizes the need for competitively priced, longer-lasting vehicles. Despite these hurdles, the government has laid out a roadmap for implementation, with Pertamina NRE partnering with Toyota to develop infrastructure and stimulate demand for hydrogen fuel consumption, showcasing a commitment to energy innovation.
President Joko Widodo’s visit to Central Sulawesi on March 26, 2024, inaugurated 15 new road sections and renovated five airports, aiming to improve regional connectivity and living standards, reflecting a commitment to national progress and resilience.
PT RMK Energy (RMKE) and its subsidiary PT Royaltama Multi Komoditi Nusantara (RMKN) have partnered with PT Atlas Resource (ARII) and its subsidiary PT Gorby Putra Utama (GPU) for coal trading in South Sumatra, utilizing an operational cooperation (KSO) and offtake mechanism. Vincent Saputra, President Director of RMKE Energy, outlined strategies to boost coal sales volume despite challenges like high rainfall.
The collaboration involves RMKE conducting free on board (FOB) barge coal transactions from GPU’s mining concession area in Beringin Makmur 2 Village, South Sumatra, amounting to 600,000 metric tons (MT) or 50,000 MT of coal per month, aimed at enhancing operational performance and revenue from coal sales for both companies.
PT Aneka Tambang (ANTM) plans a battery ecosystem park by 2025, with nickel smelters. President Nico Kanter emphasizes CATL consortium alignment and ESG commitment. Deputy Investment and Mining, Septian Hario Seto, anticipates downstream investments.
The Ministry of Public Works and Housing (PUPR) has launched an auction for Section 2B of the Bekasi – Cawang – Kampung Melayu Toll Road project, valued at approximately Rp5.83 trillion (US$367.6 million), as part of a National Strategic Project aimed at enhancing logistics capabilities in the Jakarta Metropolitan Area and West Java Province.
This initiative is expected to stimulate economic growth and improve the investment environment. With an estimated construction period of 20 months, the project seeks to improve connectivity between Jakarta and West Java by integrating the Bekasi – Cawang – Kampung Melayu Toll Road with the Jakarta – Cikampek Toll Road, ultimately reducing travel time and enhancing regional transportation efficiency.
The Nusantara Capital (IKN) Authority has announced plans to allocate 65 percent of the capital city’s land, roughly 177,000 hectares, for protected areas as part of its commitment to environmental preservation and biodiversity conservation. Pungky Widiaryanto, Director of Forestry and Water Resources Development at the IKN Authority, outlined the division of these protected areas, including 40,000 hectares for secondary forests, 2,000 hectares for mangroves, and 55,000 hectares for industrial plantation forests.
Despite previous concerns over deforestation highlighted by satellite imagery, Myrna Safitri, Deputy of Environment and Natural Resources at the IKN Authority, emphasized the ongoing efforts to prioritize environmental conservation, citing large-scale conversions predating the capital city’s development. The focus on environmental restoration and biodiversity protection underscores the commitment to transform the Nusantara Capital City into a forest city, with initiatives such as the Biodiversity Management Master Plan aimed at minimizing development’s impact on biodiversity through compensation measures like the construction of artificial corridors to reconnect habitats.
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) – which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan – has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion – or 74.4% of the target – both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
PT Galva Technologies Tbk (GLVA) has planned to allocate IDR 80 billion of Capex for 2023 to strengthen the company’s recurring income through managed services business model.