Friday, July 12, 2024

PLN Secures 4 Strategic Collaborations to Accelerate Energy Transition at COP 28

Reading Time: 2 minutes
Audina Nur




PT Perusahaan Listrik Negara (PLN) has successfully secured four significant agreements aimed at expediting the incorporation of renewable energy sources during the United Nations Climate Change Conference, COP 28, held in Dubai, United Arab Emirates over the past weekend.

PLN’s strategic initiative involves the rapid advancement of the Accelerated Renewable Energy Development (ARED) program, with the goal of diminishing emissions by as much as 127 million tons of CO2 by the year 2030.

Darmawan emphasized the necessity for global collaboration across policies, technology, innovation, and investment to effectively address the environmental challenges, stating, “We are fully committed to executing this energy transition, recognizing that it requires collective international efforts.”

In pursuit of technological advancements crucial for the development of renewable energy sources, PLN announced a collaboration with the National Renewable Energy Laboratory (NREL), based in the United States.

This partnership will focus on the study and enhancement of PLN’s control center, ensuring the efficient and economical operation of Accelerated Renewable Energy Development (ARED) generators.

Specifically, the integration of network systems in Sulawesi, Kalimantan, and Sumatra will be assessed to harness the considerable renewable energy potential in these regions.

Darmawan highlighted the importance of a reliable transmission network, stating, “The transition is contingent upon an effective transmission network, and thus, technological collaboration is vital in establishing a robust system capable of addressing the disparity between renewable energy sources and demand.”

In another significant collaboration, PLN joined forces with GEAPP to spearhead projects that substantially reduce carbon emissions in the electricity sector.

The focus is on replacing fossil-based power plants with domestic energy sources according to each region’s potential. This partnership will accelerate initiatives such as de-dieselization, electric vehicle infrastructure, and the overall development of renewable energy sources in Indonesia.

Furthermore, PLN has entered into an agreement with PT SMI and KfW to leverage the Project Development Facility (PDF) managed by PT SMI for pumped storage hydroelectric power plant projects in Indonesia, expediting the ongoing energy transition.

KfW and PT SMI will contribute by providing support in the form of feasibility studies and environmental & social scoping during the preparatory stages of the Grindulu Pumped Storage Hydropower Plant (4×250 MW) and the Sumatra Pumped Storage Hydropower Plant (2×250 MW).

Lastly, PLN, in collaboration with CEP, ADB, and INA, is actively working towards the accelerated retirement of PLTU Cirebon by December 2035, anticipating an earlier timeline than the initial target of July 2042. This strategic effort is anticipated to prevent emissions of up to 30 million tons of CO2.

Darmawan expressed optimism in obtaining support from the green financing country platform, under the guidance of Ibu Sri Mulyani, to further expand their endeavors in energy transition. The financing scheme is projected to facilitate the expansion of PLN’s Accelerated Renewable Energy Development (ARED) projects to a capacity of 21.6 GW.

Audina Nur






We will provide you with an invoice for your reimbursable expenses.


New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.


$550 USD/Year


$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.


With the 79th Indonesia Independence Day celebration approaching in a month, rumors have emerged regarding President Joko “Jokowi” Widodo’s potential delay in relocating his office to the new capital city, Nusantara (IKN).
The government will issue permit extension for PT Freeport Indonesia (PTFI) before the end of President Joko “Jokowi” Widodo administration in October 2024, said Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia on Thursday, July 11, 2024.
The House of Representatives (DPR) on Wednesday, July 10, 2024, approved a proposal for State Capital Injection in 2025 for State utility company PT PLN amounting to Rp3 trillion (US$185 million) to support the company’s 100 percent Electrification Ratio and Village Electricity Ratio (RDB) as part of its commitment on energy justice, particularly in Disadvantaged, Frontier, and Outermost (3T) regions.
Golkar Party has named businessman Jusuf Hamka, also known as Babah Alun, as their candidate for Deputy Jakarta Governorship, alongside Kaesang Pangarep, Chairman of the Indonesian Solidarity Party (PSI), in the upcoming Jakarta gubernatorial election.
A member of Commission VII of the House of Representatives (DPR) has asked the Ministry of Energy and Mineral Resources (ESDM) to grant export relaxation for several minerals products that have not completed the construction of smelter especially for bauxites.
The Indonesia Stock Exchange (BEI) has revealed that a significant number of “light house companies” are set to go public via an initial public offering (IPO) in the second half of this year. This anticipated listing is part of BEI’s IPO pipeline for 2024.