The portrait of current Indonesia’s economic condition

A number of countries have begun to feel the impact of the recent heatwave, with a number of Asian countries currently battling high weather temperature. On the other hand, subsequently led to the increase on the amount of coal used in power plants due to increased use of air conditioning.

The first Nuclear Power Plant (NPP) in Indonesia is expected to soon be constructed in the Bangka Belitung Islands province by PT ThorCon Power Indonesia with a value of Rp17 trillion (US$1 billion).

The Ministry of Energy and Mineral Resources (ESDM) visited Southern Sulawesi on Wednesday to ensure electricity supply ahead of the dry season and anticipate the El Nino.

Pertamina New & Renewable Energy (PNRE) continues to develop their projects in the field of new and renewable energy, including solar panels (solar EV).

Kartika Wirjoatmodjo, Deputy Minister of State-Owned Enterprises (SOEs) has revealed the status of energy transition program, the longest and largest project in Indonesian history, which will take 25 years and US$ 85 billion (Rp1,377 trillion) to progress.

PT Dayamitra Telekomunikasi ‘Mitratel’ (MTEL) has succeeded in maintaining its corporate rating and rating on Medium Term Notes (MTN) debt securities at the idAAA level.