#Energy
Indonesia develops renewable energy, strategic petroleum reserve
Indonesia needs to develop its renewable energy sources and form a Strategic Petroleum Reserve in order to achieve energy autonomy, according to National Energy Council.
This is why oil and gas giants leave Indonesia
PT Medco Energi Internasional Tbk, an Indonesian oil and gas company, announced on March 3, 2022, that it had completed its acquisition of all ConocoPhilips Indonesia Holding Ltd shares from Phillips International Investments. The market value of ConocoPhilips shares is estimated to be US$3.5 billion.
Pertamina Power, HyET Solar partner to manufacture photovoltaic foils in Indonesia
PT Pertamina Power Indonesia (PPI), a subsidiary of state-owned oil-and-gas giant PT Pertamina and Power & New Renewable Energy (Pertamina NRE) Subholding, signed an agreement with HyET Solar Netherlands BV to develop photovoltaic (PV) foils in Indonesia.
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.
Semen Baturaja looks for vendors, suppliers for 20 MW solar power plant
State-owned cement producer PT Semen Baturaja Tbk is seeking foreign vendors and suppliers to provide technology and equipment for its 20 MW (megaWatts) solar power plant in Baturaja, South Sumatra.
Indo Tambangraya Megah seeks bank loans for solar power plant
Mining company PT Indo Tambangraya Megah (ITMG) is developing solar panel power stations in Melak district, West Kutai regency in East Kalimantan, Indonesia.
Kaltimex Energy pursues investors, bank loans for two renewable energy projects
Energy company PT Kaltimex Energy is inviting foreign investors and banks to participate in the financing of its two biomass projects in Indonesia.
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.
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.
