Indonesia

IEEFA Research

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

A detailed sustainability roadmap going forward will assist PLN’s credibility with ESG investors

22 December 2020 (IEEFA Indonesia): PLN must be prepared for a much higher level of scrutiny around its continuing coal investments and lack of progress in renewable energy investment projects when the company launches its debut green and/or sustainable bonds, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). […]

and December 22, 2020 Read More →

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

IEEFA Indonesia: DME coal gasification project could lose US$377 million annually

IEEFA Indonesia: DME coal gasification project could lose US$377 million annually

Investing in DME doesn’t make economic sense

10 November 2020 (IEEFA Indonesia): A proposed coal gasification plant for Sumatra could lose US$377 million dollars annually, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author and energy finance Analyst Ghee Peh says that with the COVID-induced economic contraction, this is not the time to be subsidizing a […]

and November 10, 2020 Read More →
IEEFA: PLN still refusing to adapt, a move which will hurt investors, consumers, and the government purse

IEEFA: PLN still refusing to adapt, a move which will hurt investors, consumers, and the government purse

Utility’s latest planning report locks PLN into the past

23 October 2020 (IEEFA Indonesia): PLN would be better served restructuring its business to address the current energy transition rather than relying on a lifeline of government support while channelling more capital to old polluting technologies of the past, finds a new report by public think tank, the Institute for Energy Economics and Financial Analysis […]

IEEFA Indonesia: No bailout – only one listed coal company is profitable, the rest are in the red

50% fall in coal prices since January hammers a structurally broken industry

September 14, 2020 (IEEFA Indonesia) — With only one leading coal company currently making a profit, the Indonesian government must let the market decide the future for financially broken coal companies wishing to avoid payments of much-needed royalties and loans, finds a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). Exacerbated […]

and September 14, 2020 Read More →
IEEFA: Pakistan’s new 27-year power plan risks locking in long-term overcapacity, leaving imported coal and LNG plants stranded

IEEFA: Pakistan’s new 27-year power plan risks locking in long-term overcapacity, leaving imported coal and LNG plants stranded

Wind and solar, the country’s cheapest source of new generation, also overlooked

3 September 2020 (IEEFA Pakistan): Pakistan risks locking itself into building more power capacity than it needs as a result of over-optimistic energy demand growth forecasts that do not take into account the impact of COVID-19, according to a new IEEFA report. Pakistan’s state-owned National Transmission and Despatch Company (NTDC) published its latest long-term power […]

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: Tough times ahead for Indonesian coal producers as China and India demand drops

Indonesian coal at the mercy of the 'dragon and tiger'

June 26, 2020 (IEEFA Indonesia) – Weaker coal demand in China and India in the wake of the COVID-19 epidemic and compounded by policies favoring domestic coal industries will cause severe shortfalls in output for 10 major listed Indonesian coal producers in 2020, finds a new report from the Institute of Energy Economics and Financial […]

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

IEEFA report: Bangladesh’s power system headed for financial disaster due to overcapacity in coal, LNG power

Investments in renewable energy and grid are needed to meet lower-than-expected demand slowed further by COVID-19

18 May 2020 (IEEFA Australia) ‒ Bangladesh’s plan for significant coal- and LNG-fired power plant additions will lock the nation into substantial overcapacity, with major financial implications, according to a new study released today by the Institute for Energy Economics and Financial Analysis (IEEFA). The coronavirus pandemic is currently lowering power demand significantly in Bangladesh, […]

More News and Commentary

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 Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility
and

IEEFA Indonesia: PLN has ‘Green Ambition’ but is short on renewable energy credibility

A detailed sustainability roadmap going forward will assist PLN’s credibility with ESG investors

22 December 2020 (IEEFA Indonesia): PLN must be prepared for a much higher level of scrutiny around its continuing coal investments and lack of progress in renewable energy investment projects when the company launches its debut green and/or sustainable bonds, finds a new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA). […]

and December 22, 2020 Read More →

Indonesia begins construction of 145MW Cirata floating solar project

The Jakarta Post: Indonesia officially kicked off on Thursday the development of the Rp 1.8 trillion (US$127.24 million) Cirata floating solar power plant in West Java, one of the national strategic projects (PSN), as the government aims to boost the contribution of renewables to the country’s energy mix. PT PJB Masdar Solar Energi, a joint […]

December 18, 2020 Read More →

Indonesia considering closing 3,400MW Suralaya coal plant

The Jakarta Post: The government is considering to shut down the aging Suralaya coal-fired power plant (PLTU) in Cilegon, Banten, and replace it with green energy, as Indonesia chases its long-delayed commitments to cut carbon-dioxide emissions. The Energy and Mineral Resources (ESDM) Ministry’s freshly appointed renewables director general, Dadan Kusdiana, said on Nov. 16 that […]

December 1, 2020 Read More →

Asian Development Bank approves $600 million loan for renewable energy development in Indonesia

Reuters: The Asian Development Bank (ADB) on Tuesday approved a $600 million loan for Indonesian state utility Perusahaan Listrikk Negara (PLN) to expand electricity access and promote renewable energy. The loan is part of the second phase of an electricity grid development programme covering the outer regions of Kalimantan, Maluku, and Papua in the east […]

November 27, 2020 Read More →
and

IEEFA Japan: ¥26 billion loss on Australian coal power plant raises questions for Sumitomo and its investors

Sumitomo’s coal policies are lagging its trading house peers and the Japanese government

23 November 2020 (IEEFA Japan): As the government of Japan’s energy policy shifts significantly and Japanese trading houses exit coal projects overseas, Sumitomo Corporation continues to develop coal power projects and has seen its thermal coal output grow according to a new report from the Institute for Energy Economics and Financial Analysis (IEEFA). The report, […]

Coal financing quickly drying up worldwide—analysts

Reuters: Financing for coal projects is drying up at ever increasing rates as more countries target zero carbon emissions amid an energy transition sweeping the world, participants at Asia’s biggest gathering of the coal industry said on Tuesday. The exit from coal by big international banks and government-backed agencies, which has accelerated this year, is […]

November 24, 2020 Read More →
IEEFA Indonesia: DME coal gasification project could lose US$377 million annually
and

IEEFA Indonesia: DME coal gasification project could lose US$377 million annually

Investing in DME doesn’t make economic sense

10 November 2020 (IEEFA Indonesia): A proposed coal gasification plant for Sumatra could lose US$377 million dollars annually, finds a new report by the Institute for Energy Economics and Financial Analysis (IEEFA). Author and energy finance Analyst Ghee Peh says that with the COVID-induced economic contraction, this is not the time to be subsidizing a […]

and November 10, 2020 Read More →
IEEFA: PLN still refusing to adapt, a move which will hurt investors, consumers, and the government purse
and

IEEFA: PLN still refusing to adapt, a move which will hurt investors, consumers, and the government purse

Utility’s latest planning report locks PLN into the past

23 October 2020 (IEEFA Indonesia): PLN would be better served restructuring its business to address the current energy transition rather than relying on a lifeline of government support while channelling more capital to old polluting technologies of the past, finds a new report by public think tank, the Institute for Energy Economics and Financial Analysis […]

Western Australia government approves proposed 15GW solar and wind project

Argus Media: The Western Australia (WA) state government has approved development of a 15,000MW solar and wind project, which will export electricity to Indonesia and supply the WA iron ore sector. The project, in the Pilbara region of the state, is the first stage of the proposed Asian Renewable Energy Hub (AREH), which is targeted […]

October 19, 2020 Read More →