Energy and Resources
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Ombudsman cites maladministration in ESDM ministry's approval of mining budget
The Indonesian Ombudsman recently published a report on allegations of maladministration surrounding the Ministry of Energy and Mineral Resources’ (ESDM) Approval on the Working Plan and Budget (RKAB) for minerals and coal in 2021-2024.
European energy giants shift focus back to oil and gas, slow down energy transition
Large European energy companies are doubling their investments on gas and oil focusing on short term benefits throughout 2024, consequently slowing down and sometimes reversing their own climate commitment that may continue to 2025.
TBS Energi acquires SembEnviro, expands regional waste management platform
PT TBS Energi Utama (TOBA), an energy company owned by businessman Pandu Sjahrir, has announced plans to acquire 100 percent of the shares of Sembcorp Environment Pte. Ltd. (SembEnviro), a leading waste management company in Singapore.
PT Supreme Energy Muara Laboh - PLN to develop Muara Laboh geothermal units
PT Supreme Energy Muara Laboh (SEML), a joint company between PT Supreme Energy Sumatera, Sumitomo Corporation and Inpex Geothermal Ltd, signed an amandement of power purchase agreement (PPA) with State power utility PT PLN on December 23, 2024 to develop units 2 and 3 (140 MW) of Muara Laboh geothermal located in South Solok regency, West Sumatra province.
Indonesia-Geely Auto Group discuss EV, methanol-powered vehicle development
Minister of Investment and Downstreaming/Head of the Investment Coordinating Board (BKPM) Rosan P. Roeslani meets with Geely Auto Group, an automotive giant in China discussing the development of the domestic electric industry.
Oil reserves discovery in South Sumatra boosts national energy resilience
PT Pertamina Hulu Energi (PHE), an oil and gas upstream subholding of state owned energy company Pertamina, announces the discovery of oil reserves in Padang Pancuran, South Sumatra, as a result of intensive exploration in the last few months.
PLN expands biomass co-firing in power plants to boost sustainability growth
State power utility PT PLN, through PLN Energi Primer Indonesia (PLN EPI), will increase the use of biomass co-firing in coal-fired power plants (PLTU) by means of waste to support environmental sustainability and also open up economic opportunities.
SUN Energy-SMBC set up partnership to speed up energy transition in Indonesia
Solar energy developer PT Surya Utama Nuansa (SUN Energy) has established partnership with PT Bank SMBC Indonesia (SMBC Indonesia) through the provision of a US$10 million Multi Option Trade Facility for the procurement of raw materials and expansion of solar energy projects in the commercial and industrial (C&I) sector.
Ministry: Indonesia still lacks technology, capital to develop downstream industry
Despite its abundant mineral resource, Indonesia still lacks in term of technology and capital to develop its mineral downstream industry, a senior ministry official says.
PGE launches clean energy exploration in Lampung in support of NZE 2060 goals
PT Pertamina Geothermal Energy (PGE), a subsidiary of State energy company PT Pertamina has embarked on the exploration of several locations to discover new clean energy toward Net Zero Emission (NZE) 2060 target.
HGII to partner with Shikoku Electric Power on renewable energy generation
PT Hero Global Investment (HGII), a holding company focused on the renewable energy industry in Indonesia, is set to form a strategic partnership with Shikoku Electric Power Company, Inc. (Yonden), a Tokyo Stock Exchange-listed company.
PT PGN LNG Indonesia joins North Papua gasification development project
PT PGN LNG Indonesia, as part of Pertamina's Gas Subholding, has joined the development of a gasification project in North Papua, intended to strengthen the gas supply chain through the development of LNG infrastructure for power plants in the region.