Author Archive: Elrika Hamdi

Energy Finance Analyst Elrika Hamdi has worked on South East Asian renewable energy, rural electrification, and energy efficiency market developments on projects funded by USAID, AFD, GIZ and UNEP. Prior to that, she was a business advisory consultant in Singapore.

IEEFA: Neglecting renewables could cost Indonesia’s energy edge, independence

Government is creating domestic market for energy products that other countries are moving away from

Undergoing an energy transition is now inevitable for every country. Even amid the pandemic, the International Energy Agency (IEA) found that installed renewable energy had grown exponentially to reach to almost 200 gigawatts (GW) globally, with or without government support. In some markets, the energy transition accelerated at a pace that no one could have […]

January 8, 2021 Read More →
IEEFA report: In a deepening debt hole of $34 billion, Indonesia’s PLN must stop digging

IEEFA report: In a deepening debt hole of $34 billion, Indonesia’s PLN must stop digging

The utility has added IDR100 trillion in debt annually for the last five years

September 3, 2020 (IEEFA) — Utilities globally started changing the way they do business years ago, but Indonesia’s PLN power company stands out as a laggard, focused on a confused menu of piecemeal generation options rather than holistic planning that provides system-level solutions, finds a new report from IEEFA, the Institute for Energy Economics and Financial […]

and September 3, 2020 Read More →
IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific

IEEFA report: Volts from the blue – floating solar to generate 900% more electricity across Asia-Pacific

From below 1MW before 2019, ASEAN nations now have over 51MW installed and 858MW planned

July 1, 2020 (IEEFA) – Asia leads Europe in deploying floating solar, also known as floating photovoltaic (FPV), a new IEEFA report finds. Energy finance analysts Sara Jane Ahmed and Elrika Hamdi note that power demand in the Philippines and Malaysia has dropped by as much as 16% during the COVID-19 lockdown, causing extreme stress […]

IEEFA Indonesia: Racing towards 23% renewable energy

IEEFA Indonesia: Racing towards 23% renewable energy

Feed-in-tariffs continue, but policies supporting competition are key to boosting renewables transition

February 28, 2020 (IEEFA) – Indonesia’s electricity system might soon see a glimmer of hope after going more than three years without significant growth in renewable energy investment, a new IEEFA report finds. Arifin Tasrif, the newly appointed Minister of Energy and Mineral Resources, announced in late January that the government would replace 2,246 old […]

and February 27, 2020 Read More →

IEEFA Indonesia: The case for power system transformation

Holistic reform of electricity sector will improve investment outcomes and reduce risk of further blackouts

November 13, 2019 (IEEFA Indonesia): The systems and processes that govern the Indonesian electricity sector are in need of urgent review to increase cost-effective investment options and avoid stranded asset risk finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA).  Entitled The Case for System Transformation in Indonesia: Time for […]

and November 13, 2019 Read More →

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 report: Indonesia’s solar policies – designed to fail?

IEEFA report: Indonesia’s solar policies – designed to fail?

Local production and other requirements discourage new adopters

JAKARTA, February 27, 2019 (IEEFA) – Indonesia’s policies are getting in the way of wider introduction of solar energy, according to a report released Feb. 27 by the Institute for Energy Economics and Financial Analysis (IEEFA). The country has lagged behind others in the region and IEEFA analysts urge introducing new regulations that encourage investment. […]

and February 27, 2019 Read More →

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 […]