#Energy Resources
Energi Mega Persada reports improved financial performance in 2024
PT Energi Mega Persada (EMP) recorded a solid financial performance in 2024, reporting an 11 percent increase in net sales from US$420.8 million in 2024 to US$467.4 million in 2024, a 5 percent rise in EBITDA from US$265.7 million in 2023 to US$278 .9 million in 2024, and a 10 percent growth in net profit from US$68.4 million in 2023 to US$75.4 million in 2024.
PGN prepares natural gas supply for Jatengland Industrial Area
PT Perusahaan Gas Negara (PGN) is exploring the provision of natural gas supply and infrastructure for the Jatengland Industrial Area in Central Java as part of its commitment to expanding the utilization of natural gas to support national industrial growth.
Pertamina launches oil & gas exploration in Natuna to strengthen energy security
Pertamina East Natuna, a subsidiary of Pertamina’s upstream oil and gas division, has commenced exploration in the North Natuna Sea as part of efforts to increase Indonesia’s domestic hydrocarbon reserves.
Geothermal project in Flores rejected over environmental, rights concerns
Justice, Peace, and Integrity of Creation (JPIC) SVD Ende and civil society organizations have opposed the geothermal energy project in Sokoria and Mataloko, Flores, East Nusa Tenggara due to concerns over environmental destruction, forced land acquisition, and military involvement.
Green electricity exports to Singapore could generate US$4.2 B annually: IEEFA
Indonesia's plan to export renewable electricity to Singapore is expected to generate up to $4.2 billion in annual foreign exchange earnings, along with $210 million to $600 million in income tax revenue, while also strengthening the country's energy transition, a report by the Institute for Energy Economics and Financial Analysis (IEEFA) says.
Upstream-downstream sectors collaboration key to energy self-sufficiency
Collaboration between upstream and downstream sectors is crucial to ensuring the availability and sustainability of natural gas energy in Indonesia, energy experts said.
ESDM ministry: Natural Gas, reliable source for national energy security
National energy security remains a crucial issue for the Indonesian government, particularly in the energy transition and optimization of existing natural resources, with natural gas emerging as an alternative energy source to achieve national energy security and self-sufficiency.
Pertamina converts flare gas into electricity to promote clean energy
Two subsidiaries of State energy company PT Pertamina − Pertamina New & Renewable Energy (Pertamina NRE) and PT Kilang Pertamina Internasional (KPI) − have signed a Head of Agreement (HOA) to develop the Flare Gas into electricity.
Medco Power begins commercial operations of Ijen Geothermal Power Plant
PT Medco Power Indonesia (Medco Power), a subsidiary of PT Medco Energi Internasional (MedcoEnergi), through its business unit PT Medco Cahaya Geothermal (MCG), a jointly owned company of Medco Power and Ormat Technologies (NYSE:ORA), commenced commercial operations at the Ijen Geothermal Power Plant, the first geothermal power facility in East Java.
Just Energy Transition Partnership (JETP): A failed initiative or unfulfilled promise?
Hashim S. Djojohadikusumo, Indonesia’s Special Presidential Envoy for Climate and Energy, recently expressed strong reservations about the effectiveness of the Just Energy Transition Partnership (JETP), calling it a "failed program." At the CNBC Indonesia ESG Sustainability Forum 2025, Hashim remarked, “It has been running for two years, yet not a single dollar has been disbursed by the U.S. government. It turned out to be just empty talk.”
NGOs: Calculations show that early retirement of power plants is possible
A number of non-governmental organizations in the economy, legal, environment and energy circles have concluded that Indonesia has the strong capital to continue with its energy transition project, especially the early retirement of coal-fired power plants (PLTU).
Indonesia told to accelerate solar, wind energy development to meet target
The new and renewable energy (EBT) target set in the 2024-2060 National Electricity General Plan (RUKN) of 75.6 gigawatts (GW) by 2035 requires acceleration of solar and wind energy through strategic planning and close monitoring. By doing so, prospective projects with a total capacity of 45 gigawatts (GW), as recorded by the Global Energy Monitor (GEM), can be realised and ensure Indonesia reaches its clean energy development target on time.