Friday, March 29, 2024
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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.

Image: @antaranews.com

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.

Image: @Bayan resource

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.

Image: @Tribunnews

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.

Image: @ajaib.co.id

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.

The Constitutional Court began on Wednesday, March 27, 2024, the hearings of the lawsuits filed by presdential-vice presidential candidates pair number 1 Anies Baswedan-Muhaimin Islandar and pair number 3 Ganjar Pranowo-Mahfud MD. […]
The investigation team at the Directorate of Investigation, the Office of Junior Attorney General for Special Crimes has again named one new suspect in an alleged corruption case in the tin commodity trading system at PT Timah’s Mining Business Permit (IUP) area from 2015 to 2022. […]
A number of civil society organizations in the European Union have released a new report revealing the links between financial institutions and environmental damage. […]
The Indonesian government has identified the ambitious development projects of Pantai Indah Kapuk (PIK) and Bumi Serpong Damai (BSD) as national strategic projects (PSN), signaling a significant milestone in the nation’s infrastructure development agenda. […]

New opportunities

The Indonesian Olefin, Aromatic, and Plastic Industry Association (Inaplas) has warned that the petrochemical megaproject is at risk of stalling, with the national GDP contribution of Rp41 trillion (US$2.8 billion) per year could be at stake if there is no continuation of a specific natural […]
Tsingshan Holding Group Co.’s business unit, the world’s top nickel producer, plans to build a battery factory in Indonesia as part of China’s latest investment efforts to boost the Southeast Asian country’s economy by downstreaming raw commodities. […]
The Contractor Partnership Contract (KKKS), Mubadala Energy RSC Ltd., has completed drilling the second exploration well in the South Andaman Working Area (WK), Tangkulo-1 Well on Sunday, March 24 2024). […]
The Chief of Staff of the Indonesian Navy Admiral Muhammad Ali recently received a courtesy visit from Ambassador of Turkiye to Indonesia, H.E. Talip Küçükcan. […]
The Indonesian government, through the Ministry of Energy and Mineral Resources (ESDM), and the United States have signed a Memorandum of Understanding (MoU) on Clean Energy Working Group Indonesia-US. […]
Indonesia and Singapore have finalized three important agreements on Flight Information Region (FIR) realignment, Defence Cooperation Agreement (DCA), and Extradition Treaty (ET).  […]
President Joko Widodo said Indonesia aims to cut its fiscal deficit to less than 3% of its gross domestic product next year for the first time since 2019. […]
Indonesian government officials should remain vigilant against the potential threat to the state ideology, the nation’s peace and harmony, despite the decline in online radicalization following the defeat of the Islamic State of Iraq and Syria in the Middle East and worldwide. In an era […]
The program, dubbed the “Partnership for Global Infrastructure and Investment” (PGII), aims to mobilize $600 billion by 2027 in investments for infrastructure in developing countries with an emphasis on sustainable and secure development. Neither President Biden nor the White House fact sheet explicitly mentioned China […]
Governor of Bank Indonesia (BI) Perry Warjiyo gave the latest signal regarding the benchmark interest rate which is currently at its lowest level of 3.50 percent. According to Perry, the national economic condition is still conducive enough to continue the BI rate policy going forward. […]
Ex-terror convict Abu Bakar Ba’asyir, known as the spiritual leader of shadowy militant group Jemaah Islamiyah that aims to establish an Islamic state in Indonesia, did the unthinkable on Wednesday as he participated in the Independence Day ceremony at his boarding school in the Central […]
Both of United Kingdom and Germany also other Europe countries have been predicted they will go and meet energy crisis as the impacts of Russia’s invasion in Ukraine. The UK’s Green Party has proposed permanently nationalizing the country’s five major energy companies to ease the […]