#Energy & Infrastucture
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.
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.
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.
Government raises CPO export levy to 10 percent for biodiesel subsidies
The government will raise the export levy on crude palm oil (CPO) from 7.5 percent to 10 percent, aimed at supporting the financing for biodiesel subsidies, which will increase with the launch of the 40 percent biodiesel blend (B40) program starting January 1, 2025.
Massive investment sought to meet 72 percent renewable energy mix target
Ministry of Energy and Mineral Resources (ESDM) is targeting a 72 percent new and renewable energy (EBT) mix by 2060 in line with the previously set National Electricity General Plan (RUKN).
Renewable energy development hampered by regulation and infrastructure: House
The government has set an ambitious target to develop new and renewable energy (EBT) capacity of 103 Gigawatts in the next 15 years despite the realization of this target is hampered by the absence of regulations and supporting ecosystems.
Indonesia’s B40 Biodiesel mandate to be implemented gradually
Indonesia’s plan to increase the palm oil blend in biodiesel to 40 percent (B40) starting January 1, 2025 appears to be implemented gradually after industry players voiced the need for a transition period despite the government’s readiness for the policy rollout.
Indonesia targets US$20 billion for inter-island electricity transmission
Inter-island electricity connections through transmission are urgently needed to supply energy, with the government striving to maximize the potential of new renewable energy of solar power to hydro power.
KPI partners with GML to boost aviation fuel production from used cooking oil
PT Kilang Pertamian Internasional (KPI) is collaborating with PT Gapura Mas Lestari (GML), a used cooking oil exporting company, to meet the raw material needs in the production of bioavtur or sustainable aviation fuel (SAF).
Vale announces layoffs amid slumping nickel prices
Mining giant Vale is conducting job cuts across its global operations in response to the ongoing decline in nickel prices. While the company has not disclosed the number of employees affected in Sudbury, Ontario, it confirmed the layoffs will primarily target "non-operating roles."