Nowhere else in Indonesia’s economy are the costs and benefits of government efforts to boost value-added industries more apparent than in the mining sector. In the past, the state was content to allow international and domestic outfits a degree of latitude in determining the most effective way to profit from the extraction of lucrative...
President Joko Widodo’s desire for renewable energy to play a more significant role in the country’s sustainable energy future was borne out the commitment he made at the UN Climate Change Conference in December 2015 for renewables to account for 23% of primary energy consumption by 2025. Indonesia’s need to harness its renewable energy...
The country’s plans to raise generation capacity to meet soaring demand have been boosted by the signing of power purchase agreements (PPAs) for over 17 GW with independent power producers (IPPs) in 2015. The high level of investor interest, principally from IPPs in China, South Korea and Japan, offers hope to the administration of President...
Plans to double oil refining capacity by 2025 are advancing as Indonesia works to enhance security of supply, while reducing its fuel import bill. In May 2016 state oil company Pertamina signed an agreement with Russia’s Rosneft for the first of two 300,000-barrel-per-day (bpd) refineries and took a major step forward in the revamping of its...
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