Micro and mini-grids to bring power to Indonesia’s off-grid communities
The government wants to help the provinces of eastern Indonesia – in particular Papua, which has the lowest electrification rate in the country. Policymakers are in talks with the Asian Development Bank and seeking advice for implementation. The government of Indonesia – and the Asian Development Bank (ADB) – will implement a micro and mini-grid […]
Indonesia, Finland seeks further partnership in renewable energy
Indonesia is seeking assistance from Finland to develop renewable energy, which is currently in its early stages. Energy and Mineral Resources Minister Ignasius Jonan said Indonesia had recently begun turning to renewable energy, adding that it would be a long-term project that Finland could help develop. “Finland has among the cheapest electricity in the Europe, […]
Indonesia’s Jokowi Flip-Flops on Fuel Price Hike
Indonesian President Joko Widodo on Wednesday ordered his energy ministry to scrap an increase in retail gasoline prices within hours of its announcement. But with the crude marching higher and the currency slumping to a two-decade low, Widodo, known as Jokowi, is only delaying the inevitable. Jokowi, who’s seeking re-election in a vote scheduled for […]
Jonan: Indonesia Commits to Implement Clean Energy
JAKARTA, NNC – Indonesia Minister of Energy and Mineral Resources Ignasius Jonan onTuesday (10/09) received the visit of the Minister of Foreign Trade and Development of Finland, Anna-Mari Virolainen. The meeting was then followed by the 2018 Indonesia-Finland Business Seminar. During this visit, Finland brought business delegates representing various sectors. Jonan revealed that the long-term cooperation […]
Indonesia says looking at converting old oil refineries into biofuel plants
NUSA DUA, Indonesia (Reuters) – Indonesia is looking into converting two of the country’s older crude oil refineries into plants for producing biofuels, a cabinet minister said on Tuesday. The government is conducting a study with Italian energy company ENI, which has successfully converted one of its refineries to the production of biofuels, Rini Soemarno, […]
IFC’s Komodo green bond raises $134m for climate investments
International Finance Corporation (IFC), a member of the World Bank Group, has issued its inaugural Indonesian rupiah Komodo green bond, attracting strong investor demand and raising Rp 2 trillion (US$134 million) to combat climate change. “The issuance of IFC’s green Komodo bond underscores our commitment to support Indonesia in achieving environmentally sustainable economic growth,” said […]
Indonesia to import oil from Qatar soon: Official
Indonesia is set to import oil from Qatar very soon, said a top diplomat of the Southeast Asian nation which is one of the leading gas exporting countries in the world. The founding Opec member, which left the organization of oil exporting countries in 2009, is now importing large quantities of oil to meet the […]
Indonesia July coal exports hit 4-year high
(Montel) Indonesia’s coal exports rose 20% year on year in July to a four-year high on the back of strong Chinese demand and high export prices, Bank Indonesia data showed on Thursday. The world’s leading thermal coal exporter shipped 1.24m tonnes/day, up by 4% on the month and the highest level since March 2014. Exports in […]