The Executive Director of the Institute for Essential Services Reform (IESR), Fabby Tumiwa, said that the average investment for geothermal power plants is US$ 5-7 million per MW.
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Jakarta, February 28, 2023 - Executive Director of the Institute for Essential Services Reform (IESR), Fabby Tumiwa, highlighted the power-wheeling scheme contained in discussions on the New Energy and Renewable Energy Bill (RUU EBET). However, the scheme has been removed from the problem inventory list (DIM) preparation in the New and Renewable Energy Bill (RUU…
Jakarta, February 24, 2023 - PT Pertamina Geothermal Energy Tbk (PGE) is ready to hold an initial public offering (IPO) worth Rp9.8 trillion on the Indonesia Stock Exchange on Friday (24/2/2023). With these funds, PGE will develop a geothermal power plant (PLTP) with a capacity of 600 megawatts until 2027. Responding to this, the Executive…
Jakarta, February 8, 2023 - The State Electricity Company ( PLN) is currently in the midst of a crisis of oversupply of electricity. Several factors cause this, including the pandemic and global recession. In addition, there is a 35 Gigawatt coal power plant megaproject that has been initiated since 2015 and operated at only…
The energy transition towards renewable energy is roaring in the momentum of the G20 2022. It's because the Indonesian Government places the energy transition as one of the priority issues under its leadership at the G20. Furthermore, its coverage in the mass media, using the keyword "energy transition" on Brandwatch.com, increased from 346 in 2017…
Indonesia's energy transition journey is entering a critical period considering that the available time is getting shorter. Indonesia's closest target is to achieve 23% of the renewable energy mix by 2025. Meanwhile, the Just Energy Transition Partnership (JETP) agreement committed at the 2022 G20 Summit targets 34% of renewable energy by 2030.
In this increasingly…
(Jakarta, 12 January 2023) - By definition, the energy transition is an effort to change the energy supply from previously a coal-dependent source to cleaner energy. This is the effort that the Indonesian government continues to pursue to achieve national energy security and autonomy. However, there are still many tasks that must be fulfilled by…
(Jakarta, 20 December 2022) - The development of renewable energy in Indonesia is still very slow. Solar energy for example, data from the Ministry of Energy and Mineral Resources notes that the potential for solar energy in Indonesia reaches 3300 GW. However, its utilization is still less than 1% of the existing potential.
Fabby Tumiwa,…
Jakarta, December 15, 2022 - The Institute for Essential Service Reform (IESR) launched the Indonesia Energy Transition Outlook (IETO) 2023 report . IETO 2023 is the 6th edition; previously, this report was titled Indonesia Clean Energy Outlook in 2017 but changed its name in 2020. Its transformation widens the analysis from initially focusing solely…
Jakarta, 15 December 2022 - Various global geopolitical events throughout 2022 have affected the increase in the price of fossil energy commodities. As a sector that influences and drives other sectors, the energy sector plays an important role in various aspects ranging from socio-economic to political. The global energy crisis in 2022 can be an…
Background
In 2022, as the COVID-19 pandemic began to subside, the global economy began to return to normal. As a result of increased economic activity, energy demand has returned to growth to pre-pandemic levels. Several extraordinary events also occurred in 2022 that affected the energy commodity market, mainly the war conflict between Russia and Ukraine,…
The energy transition has become a global necessity as an effort to mitigate climate change. Fossil energy burning is proven to contribute greatly to the increase in greenhouse gas (GHG) emissions which causes an increase in the average global temperature. For countries whose energy systems are mostly supported by fossil energy, this requires special attention,…