#Energy
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.
PLN teams up with TANESCO on geothermal business expansion in Tanzania
State electricity company PT PLN is expanding synergies in the development of geothermal power plants (PLTP) in East Africa with Tanzania Electric Supply Co Ltd (TANESCO).
Expanding cooperation in LFP battery technology: A mutual benefit
Chairman of the Indonesian Mining Experts Association (Perhapi), Rizal Kasli, expresses his optimism on expanded collaboration in the development of iron-based or lithium ferro phosphate (LFP) batteries driven by the Indonesian government alongside China.
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.
First commercial biogas plant in Indonesia begins operation
Indonesia achieved a significant milestone in renewable energy as the first commercial BioCNG (Compressed Natural Gas) or Biomethane plant officially commenced operations on January 22, 2024. Located in Blangkahan POM, Desa Blangkahan, Kecamatan Kuala, Langkat Regency, North Sumatra, the plant is constructed by PT KIS Biofuel Indonesia.
SKK Migas targets US$ 1.8 billion exploration investment in 2024
Indonesia's upstream oil and gas regulatory task force, SKK Migas, is eyeing a substantial boost in exploration investments, targeting US$ 1.8 billion in 2024, equivalent to around IDR 28 trillion.
Challenges for renewable energy projects: TKDN regulations
The Ministry of Energy and Mineral Resources (ESDM) reveals that a considerable number of new renewable energy projects are encountering setbacks during the negotiation phase of power purchase agreements (PPA).
Awaiting Luhut's expertise to realize nuclear power plants in Indonesia
The establishment of the Nuclear Energy Program Implementation Organization (NEPIO) to accelerate the development of nuclear power plants (PLTN) in Indonesia is awaiting approval from President Joko Widodo (Jokowi), a senior official said, Djoko Siswanto, Secretary-General of the National Energy Council (DEN), stated that the formation of NEPIO is a requirement from the International Atomic Energy Agency (IAEA) for Indonesia to develop PLTN.
Pertamina and Toyota to develop hydrogen ecosystem in Indonesia
Pertamina New & Renewable Energy (Pertamina NRE) and Toyota have joined forces to develop a hydrogen ecosystem for vehicle fuel in Indonesia.