Author Archive: Yulanda Chung

Energy Finance Consultant Yulanda Chung, is the former head of Standard Chartered’s sustainable finance team in London and Singapore, and previously served as an equity analyst for the mining and building materials sectors at Sustainable Asset Management (now RobecoSAM) in Zurich.

IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

IEEFA Indonesia: A Potential Overcommitment to Coal-Fired Electricity Puts a Nation at Risk

Out of Step With a Global Shift in the Energy Economy

We’ve just published a report that calls into serious question Indonesia’s plans to expand its commitment to coal-fired electricity generation. The report—“Overpaid and Underutilized: How Capacity Payments Could Lock Indonesia Into a High-Cost Electricity Future”—analyzes Indonesia’s 2017-26 national energy blueprint and shows how long-term coal power contracts that the country is contemplating will not just […]

August 10, 2017 Read More →

IEEFA Update: Wonder Where Electricity-Generation Markets Are Going? Follow the Money

The Renewables Sector Is No Longer the Experimental Space It Was

“Coal is dead,” Jim Barry, the global head of BlackRock‘s infrastructure investment group, said in a recent interview with the Australian Financial Review. “Anyone who’s looking to take beyond a 10-year view on coal is gambling very significantly,” Barry told the AFR for an article that is notable not just for what it says but […]

IEEFA Asia: South Korea’s Policy Shift Stands to Have an Out-Size Impact on Indonesian Coal Companies

IEEFA Asia: South Korea’s Policy Shift Stands to Have an Out-Size Impact on Indonesian Coal Companies

A Potential Blow to Pricing at a Time When Distressed Exporters Are Banking Heavily on New Growth

Moon Jae-in’s recent election as president of South Korea raises potentially serious ramifications for Indonesia’s coal exporters. Faced with growing unrest from an urban population affected by high levels of air pollution, Moon has promised to re-assess the construction of new coal power plants, close older ones and dramatically ramp up the country’s renewable energy […]

IEEFA Asia: Japan’s $1.3 Trillion Pension Fund Approaches a Climate-Risk Crossroads

An Imminent Decision on How a New Mandate at GPIF Will Be Managed

When the world’s largest pension fund issued a call last summer for guidance on how best to increase its holdings in socially-responsible companies, it was news—and rightly so. The Government Pension Investment Fund (GPIF) of Japan, which manages US$1.3 trillion in assets, wields major market influence both at home and abroad. In announcing the program […]

IEEFA Indonesia: Shifting Regulatory Landscape Makes Coal-Fired Plants Riskier to Finance

Rule Changes That Undermine Traditional Guarantees to Developers

In the fast-evolving regulatory landscape of the Indonesian power sector, it’s hard to say for sure how changes will affect developers, investors and lenders. The trends are instructive nonetheless. The state-owned utility, Persero (PLN), which is the sole offtaker for electricity in Indonesia, can now negotiate and re-allocate risks under recently revised rules issued by […]

IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure

IEEFA Norway: Why the World’s Biggest Sovereign Wealth Fund Should Invest in Global Renewable Energy Infrastructure

The Sector is Growing, Returns Are Reliable, the Outlook is Positive

We published a report this morning that highlights how Norway is at a historic crossroads in how it manages some of its vast national wealth bound up in the Government Pension Fund Global (GPFG). Indeed, GPFG is facing an unusually opportune moment this summer, as Parliament considers whether to enact a mandate that would have […]

IEEFA Op-Ed: Indonesian Financing for Indonesian Projects

Dollar-Based Deals With Foreign Banks Are Too Costly

When 2016 drew to a close, Indonesia’s chief finance sector regulator, the Financial Services Authority (OJK), met in Bali with the private-sector finance arm of the World Bank, the International Finance Corporation (IFC), to come up with some shared new year’s resolutions for the national banking sector. Like the Joko “Jokowi” Widodo government, which has […]

February 9, 2017 Read More →
IEEFA Indonesia: Rigorous Coal-Lending Guidelines Are in the Banking Sector’s Best Interest

IEEFA Indonesia: Rigorous Coal-Lending Guidelines Are in the Banking Sector’s Best Interest

Three Ways to Protect Investors and Create Sustainable Growth

A sustainable financial-sector roadmap for Indonesia must aggressively incorporate rigorous environmental and social standards into the credit-risk framework. That’s one of the core takeaways from a recent symposium sponsored by the Financial Services Authority (OJK), which is Indonesia’s chief finance-sector regulator, and the International Finance Corporation (IFC), the private-sector finance arm of the World Bank. […]

January 6, 2017 Read More →

IEEFA Asia: Rosy Prospects in Indonesian Coal?

A Note of Caution on Assuming That Recent High Prices Are Sustainable

As the U.S. coal industry hopes for an unlikely revival on the back of U.S. political developments, the Indonesian coal sector is riding a surge in thermal coal prices. Confidence was high already, as evidenced by coal giants Bukit Asam and Adaro Energy joining a late-October U.S. capital market road show sponsored by the Indonesian […]

November 17, 2016 Read More →