Author Archive: Elrika Hamdi

Energy Finance Analyst Elrika Hamdi has worked on renewable energy, rural electrification, and energy efficiency in Indonesia’s financial sector, including at PT Imaji Life Technology, Winrock International, and the Frankfurt School of Finance and Management.

IEEFA Indonesia: 2019 energy plan falls short

State utility electricity strategy makes little practical provision for renewables

The much-anticipated Indonesian Electricity Supply Business Plan 2019 (RUPTL) was released last week—surprising the market both with its early delivery and façade of support for more renewables. At a press conference, Minister of Energy and Mineral Resources (MEMR) Ignasius Jonan framed a greener narrative for the new RUPTL, positioning it as an electricity plan that […]

IEEFA Indonesia: The case for modernizing national energy policy

Research brief: The current state of electricity generation affairs is designed mainly to benefit the coal industry

In April 2018, President Joko Widodo unveiled a roadmap to drive Indonesia into the world’s top 10 largest economies by 2030. Making Indonesia 4.0 is a reference to the fourth industrial revolution sweeping the world via innovations in digital technology, artificial intelligence and 3-D printing, among other areas. Making Indonesia 4.0 aims to spur growth […]

September 7, 2018 Read More →

IEEFA update: Indonesia’s high-risk flirtation with resource nationalism

A dangerous overreliance on the coal industry and state-owned enterprises

JAKARTA — Next spring’s presidential and parliamentary elections are fast approaching, and a classic Indonesian pre-election syndrome that combines nationalism and populism has become widely apparent. As with many countries, Indonesia is dangerously susceptible to such fervor, which can make for questionable policy choices on strategic domestic issues such as infrastructure development and energy affordability. […]

June 29, 2018 Read More →

IEEFA op-ed: Losses make Indonesian electric company a high-risk bet

Global trends make coal-fired expansion a hard case to sell

In early May, one of Japan’s major insurers, Dai-ichi Life, became the first Japanese financial institution to restrict lending to coal-fired power plants. This news came only days after Allianz, Europe’s largest insurer, announced it would immediately pull its coverage from coal-fired power plants and coal mines, and barely a fortnight after banking giant HSBC […]