#Energy
VKTR cooperates with SOEs INKA, Barata to produce EV components
Bakrie & Brothers subsidiary, PT Vektr Teknologi Mobilitas (VKTR), has signed a Head of Agreement with state-owned heavy equipment manufacturers of PT Industri Kereta Api (PT INKA) and PT Barata Indonesia to produce electric vehicle components. INKA Finance, Human Resource and Risk Management Director Andy Budiman, VKTR CEO Gilarsi W . Setijono and Barata Marketing Director Sulistyo Handoko signed the agreement in Gresik, East Java, on September 15, 2022.
Government increases fuel prices, sparks protests across Indonesia
Protests broke out in several cities on September 6, 2022, following the government's decision to raise fuel prices three days earlier. Thousands of workers, grouped under the Labor Party, staged a protest in front of the House of Representatives (DPR)/People's Consultative Assembly (MPR) compound in Senayan, Central Jakarta.
Sorghum as a sustainable food source in Indonesia
Sorghum is a potential food source of the future currently being developed as an Indonesian sustainable food source through agribusiness. Its potential, considering the adaptability of the food source with low water requirements, could support the future food security of the country.
One strategy to avoid the government's subsidy burden will be to raise fuel prices
The energy subsidy scheme, which is right on target for the community group, cannot be pushed through because the government's subsidy burden will continue to grow and burden state finances. The magnitude of community-subsidized fuel consumption may be caused by the current subsidy mechanism being open and applied to energy products. "This means that anyone can access the subsidized fuel without restriction," said Bank Permata Chief Economist Josua Pardede in a statement in Jakarta on Tuesday, August 30th.
Indonesia to develop Membramo hydropower plant for smelter industry
President Joko "Jokowi" Widodo has ordered Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan to develop two biggest hydropower plants in Indonesia in Kayan River, North Kalimantan, and Membramo River, Papua, to help smelter industry in both areas. However, the project has yet to attract foreign investors.
PP-Elnusa sign contract on Cisem gas pipeline
A joint operation of state owned construction firm PT Pembangunan Perumahan (PP) and publicly listed oil and gas service provider PT Elnusa won the IDR1.7 trillion bid from the Energy and Mineral Resources Ministry on the construction of the Cirebon-Semarang (CISEM) natural gas pipeline.
Air Products develops US$2 billion coal to methanol production facility in East Kalimantan
US company Air Products and Chemical Inc. is developing coal for a methanol production facility in Bengalon, East Kalimantan. Company spokeswoman Jessica Cheng said Air Products would invest US$2 billion to build, own and operate the air separation, gasification, syngas (synthetic natural gas) clean-up, utilities and methanol production assets to produce methanol.
Wintermar to purchase five second-hand vessels by 2022
Indonesian publicly listed shipping company Wintermar Offshore Marine Tbk allocated US$12.5 million for capital expenditures (Capex) in 2021-2022 to purchase five vessels.
In three months, Europe will meet energy crisis
Both of United Kingdom and Germany also other Europe countries have been predicted they will go and meet energy crisis as the impacts of Russia’s invasion in Ukraine. The UK’s Green Party has proposed permanently nationalizing the country’s five major energy companies to ease the current cost of living crisis, The Guardian reported on Wednesday, citing party leaders.
Abundant business opportunities in Natuna Islands face challenges
China and Indonesia have been in a stand-off over the waters around Indonesia’s Natuna Islands, which is part of the South China Sea, for quite some time now. In the most recent incident, Chinese diplomats requested Indonesia to stop drilling at an oil and gas block in the area.
Resource-rich Anambas Islands await investors after COVID-19 pandemic
Anambas Islands is famous for its coral reefs, fish and other sea creatures. The small archipelago in the north of Batam - bordering Indonesia and Singapore - is well known among scuba divers. With over 200 islets, this pristine area is named by CNN as Asia’s Top Five Tropical Island Paradise in 2012.
Geothermal power plant projects offer investment opportunities to foreign players
State-owned geothermal company PT Geo Dipa Energi is offering investment opportunities to foreign investors and manufacturers, particularly to expand geothermal power plants at Dieng and Patuha concessions in Central Java and West Java, respectively.