#Energy & Infrastructure
Bahlil: Indonesian banks reluctant to finance nickel smelters
Minister of Investment/Head of Investment Coordinating Board Bahlil Lahadalia said the majority of nickel smelters in Indonesia are foreign investment despite the fact that 80 percent of nickel mining are owned by Indonesians.
Climate investment challenges in Electricity sector: Between oversupply and demand
Investment in Indonesia's electricity sector is deemed to have reached a saturation point, with high uncertainty is a major concern, despite the pressure to transition to renewable energy sources (RE).
SKK Migas to become CCS business regulator in Indonesia
The government is expanding access to carbon capture and storage (CCS) activities beyond the oil and gas working area (WK), designating the Upstream Oil and Gas Regulatory Task Force (SKK Migas) as the regulator for future CCS activities. The additional role of SKK Migas will be regulated in a Presidential Decree which is expected to be completed this month.
Expensive 'carbon warehouse' investment, govt promotes CCS hub concept
The government is promoting the development of carbon capture and storage (CCS) hubs to reduce the investment costs of CCS facilities domestically.
B.Braun installs solar power plant for 25 percent emission reduction
German pharmaceutical manufacturer B.Braun Indonesia has launched a 1.2 MWp solar power plant (PLTS) at its pharmaceutical factory in Karawang, West Java.
ESDM: Electricity oversupply in Java-Bali drops to 4 GW in 2023
The Ministry of Energy and Mineral Resources (ESDM) has recorded a significant decrease in electricity oversupply in Java-Bali region, to 4 gigawatts (GW) by the end of 2023, a substantial reduction from the 7 GW recorded at end of 2022.
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for a new liquefied natural gas (LNG) plant in Aceh, as the existing Arun LNG facility in Lhokseumawe is deemed outdated to accommodate the significant gas potential from offshore Andaman Sea oil blocks.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.
SKK Migas to conclude Russian SOE divestment in Tuna Block by 2024
The Upstream Oil and Gas Regulatory Special Task Force (SKK Migas) targets the divestment or replacement of Zarubezhneft in the Tuna Block, off the coast of East Natuna, to be decided this year. Deputy Head of SKK Migas, Nanang Abdul Manaf, said that several companies have shown interest in taking over the position of the Russian SOE.
Finance Ministry softens stance on Rooftop Solar regulation revision
The Ministry of Energy and Mineral Resources (ESDM) awaits approval from President Joko Widodo for the revision of Ministerial Regulation No. 26/2021 on the development of rooftop solar power plants (PLTS) at the beginning of this year. The harmonization process of the regulatory revision has been completed after the Ministry of Finance softened its stance on potential subsidy burdens or financial impacts on state-owned electricity company PT PLN due to the relaxation of rooftop solar installations for the general public.
Inpex reveals financial scheme for Masela Block
Inpex Masela Ltd. is planning to utilize a trustee borrowing scheme (TBS) as part of the financing strategy for the Abadi LNG project in the Masela Block, which is aiming for onstream operations by the end of 2029.
Pertamina & partners win bid to manage oil & gas block in Malaysia
PT Pertamina Malaysia Exploration Production (PMEP) and its partners have won the bidding for the SK510 exploration block through the Malaysia Bid Round (MBR) 2023, a series of bidding activities held annually by Malaysia Petroleum Management (MPM) PETRONAS, the agency responsible for oil and gas resources in Malaysia.