Business and Investment
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Minister of Energy reveals need for a New LNG Plant in Aceh
Minister of Energy and Mineral Resources, Arifin Tasrif, underscores the necessity for a new liquefied natural gas (LNG) plant in Aceh, as the existing Arun LNG facility in Lhokseumawe is deemed outdated to accommodate the significant gas potential from offshore Andaman Sea oil blocks.
PLN to launch Indonesia's first hydrogen refueling station
Indonesia is poised to witness a groundbreaking development as State-owned electricity company PT PLN, under its subholding PLN Indonesia Power, gears up to operationalize the country's inaugural hydrogen refueling station (HRS) in Senayan, Jakarta. With the construction progress reaching an impressive 98 percent, the HRS is slated for completion by February 2024.
Pertamina and Toyota to develop hydrogen ecosystem in Indonesia
Pertamina New & Renewable Energy (Pertamina NRE) and Toyota have joined forces to develop a hydrogen ecosystem for vehicle fuel in Indonesia.
Bank Mandiri, Telkom subsidiaries target green and German startups
Bank Mandiri's subsidiary, Mandiri Capital Indonesia (MCI), and Telkom Indonesia's subsidiary, MDI Ventures, are targeting startups that utilize advanced technology not widely adopted in Indonesia.
Govt asked to increase supervision on smelter's K3 implementation
Mining associations have called on the Indonesian government to increase its monitoring, supervision and evaluation on the implementation of occupational safety and health (K3) of workers at the operation site of nickel refinery PT Indonesia Tsingshan Stainless Steel (ITSS) following the deadly explosion late last year that killed 29 people and injured 50 others.
JICA to provide US$ 3 billion for MRT East-West phase 1 stage 1 project
The Coordinating Ministry for the Economy reveals that the Japan International Cooperation Agency (JICA) is committed to supporting the implementation of the National Strategic Project for MRT East-West Phase I Stage I in Jakarta.
President Jokowi inaugurates Nusantara logistic hub in IKN
President Joko “Jokowi” Widodo officially laid the foundation stone, marking the groundbreaking ceremony for the Nusantara Logistics Hub in the National Capital City (IKN) in Penajam Paser Utara Regency, East Kalimantan, on Wednesday, January 17, 2024.
Freeport submits proposal for extended export relaxation until end of 2024
PT Freeport Indonesia has submitted the proposal for an extension of its copper concentrate export relaxation licence from the Indonesian government until the end of 2024.
Negotiation on Vale Indonesia's divestment share price ongoing
Director of Mineral and Coal Program Development at the Energy and Mineral Resources Ministry, Tri Winarno, says negotiation for PT Vale Indonesia’s divestment share price is ongoing, with the company currently offering the price and providing room for negotiation.
OIKN hints of increased investment interest amidst 2024 Election buzz
The Capital City Authority of Nusantara (OIKN) announces a continuous increase in investment interest through the submission of Letters of Intent (LoIs) for the development of the Nusantara Capital City, despite the 2024 General Elections preparation.
Telkom ready to inject Rp280 billion for IKN development
"We are investing according to the needs set by the National Capital City Authority (OIKN). In the early stages, we are investing gradually at the amount of Rp280 billion," Telkom's Vice President of Network/IT Strategy, Rizal Akbar, said on Monday.The investment by Telkom Indonesia to ensure that all telecommunication network requirements specified by the OIKN are completed before the celebration of Indonesia's 79th Independence Day on August 17, 2024.Rizal also explained that a portion of the initial investment of Rp280 billion by Telkom Indonesia would be used to support the construction of fiber optics in the Core Government Center (KIPP) 1A area. "[Then the investment] to build towers, construct smart poles, and also establish WiFi access there," he added.Previously, Deputy for Infrastructure and Facilities of OIKN, Silvia Halim, said that they had designated two business entities to accelerate the infrastructure development in IKN. These chosen entities are PT Telkom Indonesia and PLN Icon Plus, a subsidiary of State electricity company PT PLN."We have run a limited selection process last year. Why limited? Because from the urgency aspect of time, we need to be operational by August 2024," she said.Silvia revealed that the selected business entities had passed the selection process by meeting at least two main criteria, including having the necessary permits when starting the construction process and having physical infrastructure in East Kalimantan. "The process has been carried out, and we finally determined two business entities, namely PT Telkom Indonesia and Icon Plus, to provide telecommunication infrastructure in the form of fiber optics and base transceiver stations. This way, other business entities can collaborate with them," she concluded.
Strategic status granted to Malaysia's Taipan gas project in West Papua
The gas project managed by Genting Oil Kasuri Pte Ltd (GOKPL) in the Kasuri Block, West Papua, has officially obtained national strategic project (PSN) status earlier this year.