#Energy
PLN and Amazon to develop four solar projects in Java and Bali
State Electricity Company (PLN) and US-based multinational technology company Amazon have agreed to collaborate on four solar panel projects. The Java-Madura-Bali grid projects will be in Bali and Java islands with a total capacity of 210 megawatts (MW). The agreement was signed at the Tri Hita Karana (THK) Forum on the sideline of the G20 Summit in Nusa Dua, Bali, on November 13, 2022.
Indonesia Investment Authority inks deal with CATL, CMB International on US$ 2 billion in EVs
Indonesia Investment Authority (INA), Contemporary Amperex Technology Co., Limited (CATL) and CMB International Capital Corporation Limited (CMBI) have signed a Memorandum of Understanding (MoU) to carry out investment, fund establishment and other cooperation in electric vehicle supply chain for US$ 2 billion.
Pertamina, Keppel and Chevron to explore green hydrogen, green ammonia development projects
Pertamina Power Indonesia (Pertamina NRE), Keppel Infrastructure, through Keppel New Energy Pte. Ltd., and Chevron Corporation have agreed to explore green hydrogen and green ammonia development projects by using renewable energy in Sumatra. The three companies signed the Joint Study Agreement (JSA) on Business 20 (B20) Investment Forum on November 11, 2022, in Nusa Dua, Bali.
Foreign investors invited to help develop 22 GW renewable energy power generation in 10 years
Minister of Energy and Mineral Resources, Arifin Tasrif, has invited his counterparts at the B20 Forum to participate in Indonesia's energy transition. "Let us build a collaboration among ourselves and keep communicating so we know what we are trying to accomplish and what opportunities we can share," he told investors attending the event at the Bali Nusa Dua Convention Center on November 13, 2022.
Renewable energy success in Bondan village amidst limitation
PT Kilang Pertamina Internasional (KPI) has utilized the Hybrid Energy One Pole (HEOP) technology that offers renewable energy through solar panel and wind power since 2017. The technology helps pave the way to more renewable energy implementation at Bondan village, Ujung Alang district, Cilacap regency, Central Java.
Investment realization reaches IDR 892.4 trillion in 2022: BKPM
Investment Minister/Head of the Investment Coordinating Board (BKPM) Bahlil Lahadalia announced that investment realization from January to September 2022 has reached IDR 892.4 trillion - or 74.4% of the target - both foreign and direct investments. He was upbeat that his ministry could reach a targeted investment of IDR 1,200 trillion for the year 2022.
Jatibarang Field implements CO2 injection
State-owned oil and gas giant PT Pertamina and Japan Oil, Gas and Metals National Corporation (JOGMEC) have implemented a CO2 injection program for Carbon Capture, Utilization and Storage-Enhanced Oil Recovery (CCUS-EOR) in a kick-off ceremony at the Jatibarang Field JTB-161 on-site, West Java, on October 26, 2022.
Amman Mineral Nusa Tenggara smelter progress reaches 47% in October 2022
The construction progress of mining company PT Amman Mineral Nusa Tenggara (AMNT) copper smelter has reached 47% as of October 2022. The smelter will produce 200,000 copper cathodes by the end of 2024, later than the original schedule of 2023.
Bumi Resources receives IDR 24 trillion from a private placement fund
PT Bumi Resources Tbk (BUMI) will pay its debts in the future through private placement funds of IDR 24 trillion and will be paid off in the next 5 days.
Pertamina International Shipping to collaborate with Vitol until 2023
PT Pertamina International Shipping (PIS), a subsidiary of state oil and gas company PT Pertamina, has successfully collaborated with global oil and gas players to establish business cooperation. PIS signed a Memorandum of Collaboration (MoC) with Vitol Asia Pte Ltd of the Netherlands, which is one of world-class oil and gas companies.
Indonesia's EV infrastructure sector still open to many
With over 28,188 electronic vehicle (EV) units all over Indonesia - consisting of cars, motorcycles and buses - the nation still suffers from lacking of infrastructure. However, the door for investors to EV infrastructure is still wide open.