#Energy
Bahlil showcases massive EV battery investments amid LFP controversy
Minister of Investment/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia unveiled the progress of investments by giants in the electric vehicle (EV) battery sector who have injected substantial capital into Indonesia in line with the government's commitment to nickel downstreaming.
Six oil and gas blocks offered in 2023 Auction remain unsold
The Ministry of Energy and Mineral Resources (ESDM) has not yet got winners for the auction of six oil and gas working areas (WK) opened in the second and third auction periods of 2023. These six blocks include Panai WK, Patin WK, Natuna D-Alpha WK, Akimeugah I WK, Akimeugah II WK, and Bobara WK. The blocks mentioned latter are still in the evaluation stage with interested companies.
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).
Mubadala Energy's interests sparks new hope for Andaman III exploration
Mubadala Energy has expressed keen interest in continuing exploration efforts in Block Andaman III in the North Aceh Sea, after the withdrawal of Repsol and Petronas.
Indonesian state-owned enterprises to embrace active engagement in ASEAN across key sectors
Erick Thohir, The Minister of State-Owned Enterprises (BUMN), has called upon Indonesian state-owned enterprises to take proactive steps in identifying and leveraging opportunities, especially within the Southeast Asian region (ASEAN).
Pertamina explores renewable energy investment opportunities in Africa
Pertamina New Renewable Energy (NRE) has expressed its interest in investing in gas-based and renewable energy (RE) electricity provision in Africa. The plan was announced by Pertamina NRE CEO Dannif Danusaputro during his visit to South Africa on Friday, August 25th.
Investors hesitate to fund early retirement of coal-fired power plants, CSIS says
According to a survey by The Centre For Strategic and International Studies (CSIS) and Tenggara Strategics, funding for the early retirement of coal-fired power plants (PLTU) is not gaining significant interest from foreign investors.
Green milestone achieved as West Nusa Tenggara launches groundbreaking CBG plant
In a remarkable stride towards sustainability, Governor Zulkieflimansyah of West Nusa Tenggara (NTB) placed the cornerstone for the construction of a Compressed Biogas (CBG) factory in West Lombok District on Thursday, August 17, 2023. This significant step underscores NTB government's commitment to emission reduction and a greener future.
PLN partners with NuScale Power to develop small-scale modular nuclear reactor by 2030
PT Pembangkit Listrik Negara (PLN) (Persero) will develop a nuclear power plant through its subsidiary PLN Indonesia Power (PLN IP) in cooperation with NuScale Power from the US and several other entities.
ASEAN's largest floating solar power plant is set through collaboration between PJB and Masdar
A floating Solar Power Plant (PLTS) in Cirata Reservoir, West Java will soon be constructed with an investment value of IDR 1 trillion.
Jokowi's push for EV hub status gains momentum with Mitsubishi Fuso and Hozon
Indonesia's extensive 12-month effort to attract investment from billionaire Elon Musk appears to have encountered a setback as Musk has chosen to establish Tesla's Southeast Asian main office in Selangor, Malaysia, a neighboring country.
Exxon to tap into 42 million barrels of potential oil reserves in Cepu Block
ExxonMobil Cepu Limited (EMCL), also known as Exxon, is making efforts to tap into an additional oil reserve potential of 42 million barrels through drilling activities involving five infill wells and two exploration wells for clastic layers in the Banyu Urip oil field, located in the Cepu Block, East Java.