Business and Investment
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United Tractors to develop several renewable energy power plants
Heavy equipment company PT United Tractors (UT) Tbk plans to expand its businesses by developing renewable energy resources.
NELY purchases new vessels, seeks renewable energy diversification
Shipping company PT Pelayaran Nelly Dwi Putri Tbk (NELY) has allocated around IDR200 billion of investments in 2022 to raise the number of its fleet and looks for opportunity in renewable energy sector.
Indonesia develops green energy for new capital city
The Nusantara Capital City (IKN) Authority plans to use green energy of solar power, wind energy and hydropower in the new location of Indonesia's capital.
PLN invites private sectors' participation in renewable power plant projects
As part of its goal to reach carbon neutrality by 2060, state-owned electricity company PT PLN invited all shareholders, mainly private sectors, to participate in the development of renewable energy plants.
SESNA, Nickel Mines sign MoU on 200 MWp solar farm in Morowali
Indonesian company PT Sumber Energi Surya Nusantara (SESNA) signed an MoU with Australian company Nickel Mines (NIC) to develop a 200 MWp (megaWatt peak) solar farm project in Morowali Industrial Park in Central Sulawesi. The facility will be equipped with a 20 MWh (megaWatt hours) battery energy storage system.
Government starts biomass, coal co-firing power plant project in East Kalimantan
The Coordinating Ministry for Maritime Affairs and Investment, the Energy and Mineral Resources Ministry, the Environment and Forestry Ministry, the Association of Indonesian Forest Concession Holders (APHI) and the Indonesian Coal Mining Association (APBI) are collaborating on preparing biomass and coal pilot projects. The cooperation was discussed during a visit to the mining company PT Indominco Mandiri reclamation site in Bontang, East Kalimantan, on May 24 and May 25, 2022.
Pertamina International Shipping, Badak NGL develop LNG business
PT Pertamina International Shipping, a subsidiary of state-owned oil-and-gas giant PT Pertamina, partnered with PT Badak Natural Gas Liquefaction (PT Badak LNG) to develop liquefied natural gas (LNG). PIS Acting Corporate Secretary Roberth MV Dumatubun said both companies signed a memorandum of understanding (MoU) on May 24, 2022.
Public Works ministry offers 6.3MW micro-hydroelectric project in West Nusa Tenggara
The Ministry of Public Works and Housing is exploring the market's interest through a public-private partnership scheme to maximize the utilization of dams for electricity. Investors and companies are welcome to participate in the 6.3 MW (megaWatts) Bintang Bano mini hydropower plant in West Sumbawa regency, West Nusa Tenggara.
IBC develops Electric Vehicle ecosystem
Electric Vehicle (EV) battery holding company Indonesia Battery Corporation (IBC) is taking a close look to two foreign potential partners in developing EV upstream and downstream industries.
CROWDE: An agritech start-up seeking complete solution for Indonesian farmers
Yohanes Sugihtononugroho was a chilli farmer in the rural areas of Bogor regency, West Java, back in 2013. During his job as a farmer, he witnessed many difficulties of his fellow farmers, including the lack of access to financing. He remembered that some of his friends had to walk around 20 to 30 kilometers to find loan sharks who would lend them IDR2 million or IDR3 million.
Indonesia has huge potential in renewable energy despite several bottlenecks
Indonesia has huge investment opportunities for foreign investors in renewable energy including solar, hydroelectric, geothermal and wind energy in various parts of the country. The potential makes an investment in the green energy sector a lucrative opportunity.
Indonesia develops renewable energy, strategic petroleum reserve
Indonesia needs to develop its renewable energy sources and form a Strategic Petroleum Reserve in order to achieve energy autonomy, according to National Energy Council.