#Energy
Removal of New Scheme for Rooftop Solar Panels Claimed as Middle Ground
President Joko Widodo's decision to revise regulations regarding the use of Rooftop Solar Power Plants (PLTS) has been deemed by the Indonesian Consumers Foundation (YLKI) as a compromise between national budget constraints and public interests. "This represents a win-win solution for all parties involved. The state is not burdened, and individuals seeking to generate electricity from renewable sources can still install rooftop PLTS," said Tulus Abadi, Chairman of YLKI, in a press release on Friday (9/2/2024). He also stated that this step is very realistic for the country's electricity system given the current empirical conditions.
Chandra Asri offers high-quality material for geothermal projects
PT Chandra Asri Pacific (Chandra Asri Group) is participating in Indonesia’s renewable energy drive by providing essential infrastructure materials for Geothermal Power Plant (PLTP) projects in the country.
PHE to boost massive and aggressive oil and gas exploration
Oil and gas company Pertamina Hulu Energi (PHE) has expressed commitment to significantly intensify oil and gas exploration this year, aiming to discover new potential resources, particularly large-scale reserves or "big fish."
Jokowi approves solar panel regulation revision
President Joko “Jokowi” Widodo, or Jokowi, has approved the revision of Minister of Energy and Mineral Resources Regulation No. 26/2021 regarding the development of rooftop solar power plants (PLTS) in early January 2024. Currently, the revised policy has entered the legislative stage and has been approved by Minister of Energy and Mineral Resources Arifin Tasrif.
SKK Migas reports progress in tuna block management transition
The Indonesian Upstream Oil and Gas Regulatory Task Force (SKK Migas) provides the latest update on the management transition of the Tuna Block in the North Natuna Sea, with foreign companies showing intterest in the process.
Pertamina develops oil, gas fields in Venezuela
Indonesia’s energy company Pertamina is developing an oil and gas field in Maracaibo basin in Venezuela, with a potential reserve of 12 billion barrels oil.
PLN Indonesia Power progresses with SMR nuclear power plant in W. Kalimantan
PT PLN Indonesia Power has reported significant advancements in the small modular reactor (SMR) nuclear power plant (PLTN) project in West Kalimantan, with the economic feasibility study phase nearing completion.
Investment risks in oil and gas sector: Challenges, opportunities
A. Rinto Pudyantoro, a lecturer at the University of Pertamina, has identified 12 business risks associated with oil and gas investments. These risks, applicable globally and in Indonesia, encompass fiscal, economic, market, subsurface, technological, quality, cost, labor, time, environmental, security, and political.
Activists questions government’s renewable energy commitment
The Civil Society Coalition for Clean Energy questions the Indonesian government's serious commitment to transitioning to renewable energy following the government’s plan to revise the renewable energy target down to 17-19 percent by 2025 as stated in the revised draft of the National Energy Policy (KEN). Earlier the government’s target was set at 23 percent.
PTBA's aggressive development of Solar Power plants to boost renewable energy
PT Bukit Asam (PTBA), a member of the MIND ID Group in the coal mining sector, continues to drive its business processes through technological innovation in the use of renewable energy.
Investment in downstream sector reaches US$ 23.6 billion in 2023
The Ministry of Investment/Investment Coordinating Board (BKPM) has noted that investment realization in the downstream sector last year reached US$ 23.6 billion, nearly one third of the total investment realization throughout 2023.
Major Asian banks criticized for weak coal policies
A recent report by Coal Havens assessed coal policies among the 30 largest banks in the Philippines, India, Indonesia, Japan, Malaysia, South Korea, Singapore, Taiwan, and Thailand, which manage total assets exceeding US$ 8 trillion. The study revealed that major Asian banks either lack or have weak coal exclusion policies. Meanwhile, a BankTrack report found that corporate financing remains a preferred option for building new coal infrastructure, indicating gaps in coal exclusion policies.