Energy and Resources
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Indonesia's JETP faces criticism over delayed funding
Hashim Sujono Djojohadikusumo, the President's Special Envoy for Climate and Energy, has assessed the Just Energy Transition Partnership (JETP) as a failed program because there has not been a single fund disbursed by the U.S. Government through the program.
Ministry to revoke permits of 18 companies ignoring forest management rights
The Ministry of Forestry has planned to revoke Forest Utilization Business Permit (PBPH) of 18 companies covering an area of 526,144 hectares (ha) for their failure to make maximum use of the forest management rights they have been entitled to.
Indonesia set to build new petroleum storage facility, boost energy reserves
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands.
Early retirement of Cirebon-1 PLTU set to attract investment, boost energy transition
The Cirebon-1 Coal-fired Power Plant (PLTU), which is planned for early retirement, is estimated to attract investment worth US$198 million (Rp3.2 trillion) through the construction of a solar panel and electric battery factory.
WIKA Beton-Fairatmos collaborate on carbon emission reduction, green economy
State-owned construction company PT Wijaya Karya Beton (WTON) and Fairatmos, an environmental technology company, are collaborating on a project that will contribute for measures to reduce carbon emissions and support a green economy.
MITI secures silica sand exploration permit, set to support solar panel project development
Transportation and logistic company PT Mitra Investindo (MITI) through its subsidiary, PT Kendawangan Berkah Kersik (KBK), has secured a Mining Business Permit (IUP) Exploration Phase for non-metallic minerals, silica sand and quartz sand.
Government may revoke Masela Block concession after 26 years of uncertainty
Minister of Energy and Mineral Resources (ESDM), Bahlil Lahadalia, says that the government may revoke the Masela Block gas concession held by INPEX Corporation since no progress has been made ever since the concession was issued 26 years ago.
Pertamina unveils dual growth strategy for energy independence, low-carbon future
State energy company PT Pertamina, through its Long-Term Company Plan until 2029, will develop its business with a dual growth strategy to maximize its oil&gas output and develop renewable energy.
Govt to implement CCS technology, prioritize emission reduction over early PLTU retirements
Eniya Listiani Dewi, Director General of New, Renewable Energy and Energy Conservation (EBTKE) at the Ministry of Energy and Mineral Resources (ESDM) has hinted that the use of Carbon Capture Storage (CCS) technology in coal-fired power plants (PLTU) could now begin.
Indonesia-Japan explore cooperation in critical minerals for EV ecosystem development
The Embassy of the Republic of Indonesia in Tokyo recently discussed for potential cooperation in the critical minerals sector between Indonesia and Japan.
SGAR project boosts growth, creates jobs, expands alumina production
The Smelter Grade Alumina Refinery (SGAR) project, operated by PT Borneo Alumina Indonesia (BAI) as a joint venture between PT Indonesia Asahan Aluminium (Inalum) and PT Aneka Tambang (Antam), is projected to give economic benefits for Mempawah region, West Kalimantan.
Govt to boost carbon exchange development through tax, emission regulations
Minister of Finance, Sri Mulyani Indrawati, has revealed the strategy to drive the development of carbon exchange in 2025, through the implementation of carbon taxes and sectoral emission regulations.