#Energy
Bayan Resources absorbs US$ 166.2 million Capex, to increase coal production in 2023
PT Bayan Resources Tbk. (BYAN) has absorbed capital expenditure (Capex) of US$ 166.2 million on the construction of a coal transport road, overland conveyor and a barge loading facility in Muara Pahu, East Kalimantan. The company seeks to increase its 2023 coal production targets to over 45 million tons, an increase compared to 2022 which was below 40 million tons.
TOBA sets US$ 50-60 million Capex for 2023
Coal and electric vehicle company PT TBS Energi Utama Tbk (TOBA) - which 10% of shares are owned by Coordinating Minister for Maritime Affairs and Investment Luhut Panjaitan - has allocated between US$ 50 million and US$ 60 million of capital expenditure (Capex) for the year 2023. The Capex would be allocated for the development of the new EVs and the renewable energy with its subsidiaries.
Medco prepares US$150 million Capex for South Natuna Block
Oil and gas mining company PT Medco Energi Internasional Tbk has prepared US$150 million in capital expenditure (Capex) to develop the South Natuna Sea Block B Production Sharing Contract (PSC).
RMKE allocates IDR 1 trillion Capex for 2024-2026
Coal logistic service provider PT Rantai Mulia Kencana Energy Tbk (RMKE) has allocated Capex of IDR 1 trillion from 2024 to 2026 to build 155 kilometers (km) road infrastructure. The infrastructure will support the hauling service and mining activities.
Leaders agree on G20 Bali Leaders' Declaration
President Joko "Jokowi" Widodo announced that the G20 leaders have ratified the G20 Bali Leaders Declaration during the November 15-16, 2022, Summit in Nusa Dua, Bali, agreeing on 52 paragraphs. He highlighted one paragraph, which needed a prolonged and heated discussion on the Russia-Ukraine war.
Four energy agreements signed during B20 Summit 2022
The B20 Summit on 2022 concluded successfully on November 14, 2022, in Nusa Dua, Bali, for host Indonesia as the country's major companies sealed four green energy agreements with foreign investors.
Indonesia Investment Authority inks deal with CATL, CMB International on US$ 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.
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.
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.
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.