#Energy
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.
President Jokowi hopes the plan to change pertalite prices should not lower people's purchasing power
President Joko Widodo (Jokowi) said the change in the price of pertalite fuel oil (BBM) will be carefully decided so as not to reduce people's purchasing power and hurt the country's economic growth. August 23 After attending an event at the Indonesian Chamber of Commerce and Industry (Kadin) in Jakarta's Taman Mini Indonesia Indah on Tuesday, President Jokowi said the price change program for Pertalite has affected many people's lives and will continue to do so.
Nickel and mining problems in Indonesia
Nickel giant Tsingshan Holding Group Co., owned by billionaire Xiang Guangda, is reportedly in talks to sell some of its Indonesian stainless steel assets to China Baowu Steel Group Corp, as part of a strategic review to people familiar with the negotiations. State-owned Baowu, the world's largest producer of crude steel, is likely to take control of part of the Tsingshan integrated production line at the Morowali Industrial Park in Central Sulawesi, Indonesia.
Risks, opportunities of EVs in Indonesia
The recent Gaikindo (Association of Indonesian Automotive Manufacturers) Indonesia International Auto Show (GIIAS) promoted automotive electrification of various brands. A total of 24 carmakers took part in the annual event including major brands of Toyota, Mazda, Nissan, Wuling and Hyundai. Motorcycle producers and components also took part in the event.
DHL continues sustainable business in Indonesia
DHL expresses the importance of logistics in Indonesia and the prospect of continuing sustainable business in the long term ahead. For that, DHL Supply Chain (DSC) the parent company will invest €25 million in Cikarang, West Java.
Kemenparekraf invests in 25 projects
The Ministry of Tourism and Creative Economy (Kemenparekraf) is investing in 25 projects in Indonesia in 2022. Its projects are five Super Priority Destination (DSP), 8 Special Economic Zone (KEK) and 12 eco-tourism investment projects.
EU ban on Russian coal, Indonesia's mining sector expanded 4.01 percent
Indonesia's mining sector expanded 4.01 percent in the second quarter of 2022, a growth which the Central Statistics Agency or BPS attributed to, among other things, the rising foreign demand for coal amid Europe’s decision to ban Russian imports of the combustible black rock.
Chinese brand Wuling promote EVs in Indonesia
The new era of electric vehicle (EV) drives Wuling Motors to develop more EV cars in the future in Indonesia. With a thousand pre-orders on its latest products in 2022, Wuling Indonesia is currently following suit its parent company in China to develop more EVs for the market segment in Indonesia which is presently high-end.
Indika Energy absorbs US$19.3 million of Capex in H1 2022
PT Indika Energy Tbk has spent US$19.3 million out of the allocated budget of US$193 million towards the company’s subsidiaries and its ongoing gold mine project.
Pertamina Power uses Capex for NRE transition
PT Pertamina Power Indonesia (PPI) has initiated its long-term plan for 2020-2024 by using 9% of its capital expenditure (Capex) to develop green hydrogen pilot project in Ulubelu, Lampung.
Merdeka Tsingshan (MTI) gets injection to raise copper facility management
MTI received a capital injection from PT Merdeka Copper Gold Tbk (MDKA) to increase copper facility management in Morowali for export on Monday 1st August 2022 which was promised on 29th July 2022.
Adaro Energy expands its wing to carbon project
Publicly listed coal miner PT Adaro Energy Indonesia Tbk announced it would expand its coal business to carbon business through subsidiaries of PT Hutan Amanah Lestari (HAL) and PT Adaro Persada Mandiri (APM). APM would provide IDR45.5 billion loan for capital expenditure (Capex) allocation to HAL.