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TEMPO.CO, Jakarta – The government should review the prices of industrial fuels, electricity and gas for businesses given the huge impact of the COVID-19 pandemic on the national economy, the Indonesian Employers Association (Apindo) said. “The high prices of  these commodities are considered very burdensome to the business world, coupled with the weakening of the national economy due to the […]

‘Chinese investors’ eyeing $6b refinery project in Riau Islands: Official

Chinese investors plan to develop a multibillion-dollar oil refinery in Batam, Riau Islands province, an official with the Office of the Coordinating Maritime Affairs and Investment Minister has said. Maritime and energy sovereignty deputy Purbaya Yudhi Sadhewa told an online press conference on Tuesday that the investors had sent a letter addressed to the Coordinating Minister’s Office, “asking for our agreement […]

‘Pertamina hit by triple shock’

LOW energy demand and prices saw state owned Pertamina, the biggest oil and gas company in Indonesia, record a USD767.92 million net loss in the first half this year. Comparatively in the same period last year, the company recorded a profit of USD659.96, according to The Jakarta Post. Pertamina spokeswoman Fajriyah Usman said low global crude oil […]

‘It sends a negative message’: Hydropower players lament PLN power cap in Sumatra

Hydropower plants developers have expressed their concerns over the decision of state-owned PLN, their plants’ offtaker, to place a cap on power production amid weak electricity demand in Sumatra, saying it might deter investments.

‘Not sacrificing my grandchildren’s future’: Minister Luhut vows govt will protect environment

Coordinating Maritime Affairs and Investment Minister Luhut Pandjaitan has asserted the government’s commitment to not sacrifice the archipelago’s environment for economic development. Speaking during a discussion in Jakarta on Tuesday, Luhut said Indonesia was looking for its own “equilibrium; not that used by the United States and Europe.” “I will never issue any regulations that […]

‘We attack,’ Indonesia declares in joint bid with Malaysia to shield palm oil

JAKARTA — Palm oil giants Indonesia and Malaysia are teaming up to fight what they call a smear campaign targeted at the commodity. The move sets the stage for what activists say will be a costly PR war that takes the focus away from efforts to clean up the industry.

‘World Bank indirectly funding Asian coal projects’

[JAKARTA] An international team of environmental and financial experts claim in a report that contrary to declarations it made in 2013, the World Bank (WB) has been indirectly funding coal mining projects in Asia. According to the report, published this month (11 April),  the WB’s private-sector arm – the International Financial Corporation (IFC) – has […]

[Re]Energize Indonesia Hackathon Searches for Renewable Energy Solutions

New Energy Nexus Indonesia, a nonprofit organization dedicated to supporting renewable energy economy, has recently launched the first smart and renewable energy-themed hackathon in the country, [Re]Energize Indonesia.

11 companies sign deals to buy gas at lower prices

Eleven companies have signed agreements with gas producers to buy cheap natural gas as part of the government’s incentive to boost Indonesia’s economic growth. Four manufacturers and seven gas distributors will, respectively, purchase gas at US$6 per million British thermal unit (mmbtu) and $4 per mmbtu directly from oil and gas fields. The distributors will […]

115 MW of geothermal capacity under development on Flores Island, Indonesia

State utility PT PLN supports development on Flores Island, East Nusa Tenggara (NTT), Indonesia, by adding electricity capacity in the region. PLN also ‘challenged’ investors to invest in the island. The state-owned electricity company even affirms that it is ready to meet the electricity needs of business people who will expand in Flores and its […]