#Energy
PT Pupuk Indonesia advances green hydrogen project with PLN, Acwa Power
State-owned chemical manufacturing holding company PT Pupuk Indonesia has confirmed the continuation of its green hydrogen project with State electricity company PT PLN and Saudi Arabian energy company Acwa Power, aiming for operational status by 2025.
Kayan cascade hydropower project advances despite major setbacks
The Kayan Cascade hydropower project in Bulungan Regency, North Kalimantan, continues to progress despite facing significant setbacks, including the recent withdrawal of key international partners PowerChina and Sumitomo.
PLN to build three wind power plants by 2027, enhancing green energy commitment
PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned electricity company, has announced plans to construct three new wind power plants (PLTB) − PLTB Timor, PLTB Tanah Laut, and PLTB Sulbagsel − by 2027 with a combined capacity of 152 MW.
Medco Energi divests stake in Libya's Area 47 to National Oil Corporation
PT Medco Energi Internasional has announced the divestment of its stake in the oil and gas field Area 47 in Libya to the Libya National Oil Corporation (NOC). This divestment follows an agreement between MedcoEnergi and NOC to transfer MedcoEnergi's entire 50 percent participating interest in the Exploration and Production Sharing Agreement (EPSA) for Contract Area 47.
Solar energy potential in Indonesia underutilized
Indonesia has harnessed less than 1 percent of its solar energy potential, lagging significantly behind neighboring countries as fossil fuels continue to dominate and account for about 83 percent of the energy mix in Southeast Asia, while renewable energy contributes only 14.2 percent, said Helen Wong, Managing Partner at AC Ventures on Tuesday, May 28, 2024.
Indonesia-Japan committed to energy transition, EV investments
Coordinating Minister for the Economy, Airlangga Hartarto, met with Daisuke Arakawa, a senior executive at Nikkei Inc, in Tokyo on Friday, outlining the Indonesian government’s commitment to Coordinating Minister for the Economy, Airlangga Hartarto, met with Daisuke Arakawa, a senior executive at Nikkei Inc, in Tokyo on Friday, outlining the Indonesian government’s commitment to energy transition through collaboration with Japan. One key area of cooperation is investment in electric vehicles (EVs).energy transition through collaboration with Japan. One key area of cooperation is investment in electric vehicles (EVs).
AC Ventures: Solar energy is still at a very early stage in SE Asia
JAKARTA, May 27, 2024 − Fossil fuels continue to dominate Southeast Asia’s energy sector, controlling around 83 percent of the region’s energy mix and largely overshadowing the 14.2 percent contribution from renewables. Among these, solar energy remains underutilized. While Vietnam has made significant strides, achieving an impressive 20.5 percent share of its power from solar, Indonesia still lags substantially, with less than 1 percent.
Pertamina NRE-Masdar sign renewable energy cooperation in Indonesia, abroad
Pertamina NRE and Masdar signed a memorandum of understanding on the development of solar and wind power plants in Indonesia and other countries with potential, on Tuesday, May 21, 2024.
PLN completes construction of 2x55 MW Jatigede Hydroelectric power Plant
State electricity company PT PLN has completed the construction of the 2 X 55 MegaWatt (MW) Jatigede Hydroelectric Power Plant (PLTA) in Sumedang Regency, West Java.
Indonesia identifies major oil reserves in three key basins
The Upstream Oil and Gas Regulatory Task Force (SKK Migas) has revealed significant untapped oil and gas resources in three critical basins in Indonesia, collectively holding potential resources amounting to tens of billions of barrels of oil equivalent (mboepd), both from already discovered sources and those awaiting exploration.
Pertamina-ExxonMobil join hands to develop CCS technology hub in offshore SE Sumatra
PT Pertamina Hulu Energi (PHE), a subsidiary of State and oil gas company Pertamina, and ExxonMobil are set to establish a technology hub for carbon capture storage/carbon capture utilization storage (CCS/CCUS) in the Offshore Southeast Sumatra (OSES) working area.
Government signs Ketapang, Bobara US$96.92 million exploration contract
The government continues to encourage exploration and exploitation of oil and gas resources to fulfil national energy needs and support economic growth in various sectors.