MANILA — President Ferdinand “Bongbong” Marcos Jr. on Thursday expressed hope for an enhanced cooperation with Chile and Qatar, particularly in the areas of disaster response, climate change adaptation, energy security and revenue mobilization. Marcos made the remark as he welcomed the two countries’ new ambassadors to the Philippines — Chilean Ambassador Alvaro Domingo Jara Bucarey […]

Jakarta (ANTARA) – PT Pertamina Geothermal Energy Tbk (PGE) has prepared a capital expenditure (capex) budget of US$250 million in 2023. PGE Finance Director Nelwin Aldriansyah noted in a statement obtained here Tuesday that the 2023 capital expenditure budget rose 316.67 percent year-on-year (yoy) as compared to only US$60 million recorded in the previous year.

Asean will need US$7 trillion or US$220 billion annually to invest in energy transition (ET) between 2018 and 2050 in order to reach net zero carbon emission, Tenaga Nasional Bhd president and chief executive officer Datuk Baharin Din said.

The World Bank said on Tuesday it had approved a $1.14 billion project to expand access to cleaner electricity in Indonesia, for which it will provide $500 million in financial support, and $600 million toward a project to improve childhood nutrition.

Costly electricity bills create a financial burden for the public, but also accelerate momentum for the establishment of free power trade in Thailand.

Jakarta. The senior diplomats of Indonesia and Papua New Guinea on Tuesday had talks of attracting Indonesian investors, particularly the state-owned enterprises or SOEs, into Port Moresby.

TEMPO.CO, Jakarta – The Indonesian Government, through the Energy and Mineral Resource Ministry, and the United States signed a Memorandum of Understanding (MoU) of the Clean Energy Working Group between the two countries. This deal marked the establishment of a working group for the development of clean energy in Indonesia

Jakarta (ANTARA) – Indonesia’s Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan signed a memorandum of understanding (MoU) with Senior Minister of Singapore Teo Chee Hean on renewable energy cooperation.

TEMPO.CO, Manila, Philippines – On Thursday, November 24, 2022, the Asian Development Bank (ADB) had approved a US$500 million loan to support Indonesia’s energy sector reforms to boost fiscal sustainability and governance, expand private sector investments in clean and renewable energy, and promote green recovery from the coronavirus disease (COVID-19) pandemic, according to a press […]

Experts urged Cambodia to develop a green finance market system that would be attractive and appear sustainable to potential investors at the recently held Green Energy Finance: Challenges and Opportunities forum. The need for the private sector and the government to align infrastructure and energy projects with climate goals was also highlighted.