Indonesia

The government has issued Presidential Regulation No. 112 of 2022 to limit the coal-fired power plants and gradually reduce coal consumption.

RH Internationa (Singapore) will now hold a 50% stake in the project.

Indonesia and its international partners agreed to mobilise US$20b in financing.

The ETM was launched at COP26 last year. 

Amazon committed to off-take the power from the four solar projects.

The country’s plans include peaking the power sector’s total emissions by 2030.

Energy cost-saving is estimated to be worth US$400b-600b to 2050. 

Indonesia raised its carbon emission reduction target to 31.89% by 2030.

This is on the back of the rise in average selling prices.

It could still meet its 9.3GW target if it is successful in the WKP auctions, amongst others.

It carries out three projects on Sumatra Island, where 91% of its geothermal potential is unexplored.

Pertamina is set to produce green and blue hydrogen as part of its clean energy target in 2030.

The country aims to achieve net-zero emissions by 2060.

Thanks to higher average selling prices.

The government will impose a 28% rate when the coal benchmark price goes over $100/tonne.

The combined cash balance amounted to $6.8b in the first quarter.