Indonesia's renewable energy production exceeds 2017 target
According to Indonesia’s Energy and Mineral Resources Ministry, as of December 2017, renewable energy contributed to 12.62% of total national electricity supply in Indonesia.
This exceeds the 2017 state budget target of 11.96%.
The renewable supply comes from both state-electricity firm PLN and a selection of private companies, according to the Jakarta Post.
See also:
World Bank: Indonesian economy strengthened in 2017
Indonesia to ban Bitcoin as Jakarta goes cashless
Asia edition of Business Chief – January issue out now!
PLN, or Perusahaan Listrik Negara, is the Indonesian government owned corporation which distributes the country’s electrical power. It is based in south Jakarta and currently run by CEO Sofyan Basir.
According to a ministry spokesperson Agung Pribadi who spoke to tribunnews.comn, “The energy mostly comes from hydropower plants and geothermal energy plants”.
Pribadi stated that of the renewable energy produced, 7.27% of the electricity has been produced by hydropower, 5% geothermal, and 0.25% from other renewable sources.
He also added that the government as signed 68 power purchase agreements (PPAs) in the past year with private companies to produce renewable energy power plants which have a capacity of 1.2 gigawatts.
“We encourage efficient renewable energy power plant projects,” he explained. “We assure that the 68 PPAs signed in 2017 will immediately be financed and constructed soon.”
- OpenAI CEO Altman secures Indonesia’s first-ever Golden VisaCorporate Finance
- Reliance Industries – 50 years of India’s biggest companyCorporate Finance
- Will this be the best-ever year for IPOs in Indonesia?Corporate Finance
- Top 10 fastest-growing energy companies in the APAC regionCorporate Finance