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View all search resultsThe state asset fund is eyeing a US$30 billion renewable energy project that will export power to Singapore as well as supply the national grid, but licensing and funding issues related to a prior solar farm deal continues to cast a cloud of uncertainty among investors.
Jakartans are demanding more reliable electricity after a blackout hit parts of the city for hours on Thursday, disrupting public transport services, critical university admission tests and other operations in the second outage this month.
The oil and gas shortage caused by the United States-Israeli war on Iran should drive demand for renewables, but Indonesia’s inadequate grid infrastructure means a long waiting list remains for rooftop solar installation.
The current setup asks PLN to be planner, procurer and operator. That was useful in the past decades, but today it blurs incentives, slows competitive procurement and makes it hard for investors to price risk.
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