#Infrastructure
Masela Block: Shell to transfer 35 percent stakes to Pertamina by June
Energy and Mineral Resources Minister Arifin Tasrif announced that the sales and purchase agreement (SPA) for a 35 percent participating interest in the Masela Block between Shell Upstream Overseas Ltd and PT Pertamina is set to be finalized by the end of June. Both parties have successfully reached a consensus.
Indonesia's Satria satellite set to revolutionize internet connectivity and drive economic growth
The Satria satellite (Satelit Republik Indonesia) of the Indonesian Government will be launched from Cape Canaveral, Florida, United States of America on June 17, 2023. The launch is part of a strategy to realize the government's vision to make Indonesia's the fifth country with the largest Gross Domestic Product by 2025.
Indonesian government works on EV regulations and boosts charging infrastructure
The Ministry of Energy and Mineral Resources is currently revising the regulations on electric vehicles to facilitate the establishment of charging stations and reduce charging costs.
The urgent need for solar cell recycling solutions in Indonesia
The Indonesian government emphasized that it will remain focused on achieving Net Zero Emissions (NZE) through increasing the energy mix and using new renewable energy (NRE) such as solar cells. However, the government is yet to devise a recycling and sustainability schemes for used solar cells.
Investment delays in IKN projects attributable to slow infrastructure development
Despite having received 220 Letters of Intent (LoI) from prospective investors, no actual investments have been channeled to the Nusantara Capital City (IKN) project. The delay can be attributed to slow development of essential basic infrastructure, which is the key responsibility of the government.
Bakrie and Shanghai-based Envision to develop Net Zero Industrial Park in South Sulawesi
Envision Group founder and CEO Lei Zhang has confirmed that Envision, in partnership with PT Bakrie & Brothers Tbk (BNBR), will embark on the development of a Net Zero Industrial Park in South Sulawesi, dedicated to nickel processing. The joint venture between the two companies involves a substantial investment of US$9 billion.
Hyundai begins building EV battery assembly plant in Cikarang Bekasi
PT Hyundai Energy Indonesia held a groundbreaking ceremony for its electric vehicle assembly plant located in the Greenland International Industrial Center (GIIC) in Cikarang Bekasi Regency on Wednesday (31/5). The plant is scheduled to start operations in March 2024.
West Nusa Tenggara to build Indonesia’s first renewable energy region-owned company
The province of West Nusa Tenggara (NTB) is set to pioneer the establishment of Indonesia’s inaugural Regional Owned Company (BUMD) engaging in the renewable energy sector.
Volkswagen to conduct feasibility study for US$5 billion plant in Indonesia
German car manufacturer Volkswagen (VW) intends to conduct a feasibility study in the coming months for the establishment of an US$5 billion-electric vehicle (EV) battery plant in Indonesia, a senior government official said.
Government issues permit for radioactive mineral mining to support nuclear power plant development
In line with their commitment to reduce reliance on coal, the Indonesian government has issued Government Regulation (PP) No 25 of 2023 regarding the designation of area for permits in radioactive mineral mining (WIUP). This initiative aligns with their strategic plan to advance the development of nuclear power plants.
China’s FAW Trucks expands to South Sumatra
The Chinese mining industry vehicle manufacturer in Indonesia, First Automobile Works (FAW) Trucks, has set its sights on expanding into the province of South Sumatra.
Thales signed agreement with BSSN to ensure cyber security in Indonesia
The National Cyber and Encryption Agency (BSSN) has selected French cyber security tech company Thales as its partner to optimize cyber security in the Indonesian digital sector.