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Moody’s Revises Outlook on Cikarang Listrindo to Positive

JAKARTA (TheInsiderStories)  - Moody's Investors Service has revised the outlook on PT Cikarang Listrindo Tbk (IDX: POWR) ratings to positive from stable. In addition, Moody's has affirmed the company'...

Indonesia’s PLN Posts Net Profit US$517.6M in June

JAKARTA (TheInsiderStories) - Indonesian state-owned electricity company PT Perusahaan Listrik Negara (PLN) posted a net profit of Rp7.35 trillion (US$517.6 million) in June 2019,...

Indonesia Sheds US$4.38B for Electricity Subsidies Next Year

JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources and the House of Representatives has agreed for electricity subsidy of Rp62.21 trillion (US$4.38...

Businessmen Urges Resignation of Two Ministers, Director of PLN

JAKARTA (TheInsiderStories) - Indonesian Young Entrepreneurs Association urged two ministers and chief executive state-owned power producer, PT Perusahaan Listik Negara (PLN) to resign followed the...

Indonesia Gov’t Invests US$2B to Build Mentarang Hydroelectric Power Plant

JAKARTA (TheInsiderStories) - The government seems to be seriously developing the potential of water to be used as electricity in the North Kalimantan province...

Indonesia Launches 16 Electricity Projects in West, East Nusa Tenggara

JAKARTA (TheInsiderStories) - Indonesia's Minister of Energy and Mineral Resources (MEMR) Ignatius Jonan launched 16 electricity infrastructure projects spread across West Nusa Tenggara and...

WB: World Energy Need Investment US$1.35T in 2030

JAKARTA (TheInsiderStories) – World Bank (WB) estimated that to meet the energy access target in 2030, the world requires an investment of US$1.35 trillion, mainly to fulfill...

Indonesia Sets DMO Allocation 128MT of Coal in 2019

JAKARTA (TheInsiderStories) – Indonesian government set coal supply for domestic market obligation (DMO) in total 128 million tons (MT) of coal, said the senior...

Indonesia Hopes Investment in Energy, Minerals Sectors Rise in 2019

JAKARTA (TheInsiderStories) – Indonesian government hopes the realization of investment in the energy and minerals sector will rise in 2019, said one senior official...

Indonesia’s PLN Recorded Fantastic Losses in Q3, Loss Over than US$1B

JAKARTA (TheInsiderStories) - Indonesia's power producer, PT Perusahaan Listrik Negara (PLN) recorded a fantastic loss Rp18.4 trillion (US$1.22 billion) in the third quarter (3Q) of...

Indonesia’s Renewable Energy Investment Realization Far Below Target

JAKARTA (TheInsiderStories) - The investment realization of renewable energy in Indonesia is still far from target, according to official, on Friday (26/10). This unachieved target is...

Indonesian Gov’t Revises Coal Production to 585 MT in 2018

JAKARTA (TheInsiderStories) - There is a good news for coal miners as the Indonesian government has officially raised the production quota for 2018 by 100...

Outdated Power Sector Threatens Indonesia’s Industry 4.0 Aspirations

JAKARTA (TheInsiderStories)--The outdated technology utilised in Indonesia's electricity sector could dent the government's aspiration to kickstart the fourth industrial revolution, also known as Industry...

Indonesia Launches First Wind Power Plant Projects

JAKARTA (TheInsiderStories)--Indonesian President Joko Widodo officially launched three wind power plant projects in Sidrap, South Sulawesi with a total capacity of 545 megawatt (MW) and...

Indonesia’s Power Sector Urges to Catch Up Industry 4.0

JAKARTA (TheInsiderStories)—Indonesia's power industry adapt to the latest technology advancements to play its strategic role in Industry 4.0. Many countries have developed strategies to capitalize...

Indonesia’s PLN Needs to Boost Investor Confidence for its $5B GMTN...

JAKARTA (TheInsiderStories)— Indonesia's state-utility company PT Perusahaan Listrik Negara (PLN) need to reduce its dependency on coal as energy source, apart from strengthening its...

Policy Review: Investment in Renewable Sectors Still Far Below Expectation

JAKARTA (TheInsiderStories) - Indonesia's government has set an ambitious target to expedite renewable energy capacity by 2025, yet the level of investment from both...

Dharma Djojonegoro: Challenging Year for Power Producers in Indonesia

JAKARTA (TheInsiderStories)—Power producers in Indonesia is facing  obstacles in developing power plants. The Independent Power Producers Association of Indonesia (APLSI) and PricewaterHouse Cooper said...

GE Consortium Signs $900M EPC Contract for Java One Power Plant

JAKARTA (TheInsiderStories) - PT Jawa Satu Power, a consortium company of PT Pertamina (Persero), Marubeni Corporation, and Sojitz Corporation, has awarded a contract to...

PLN Secures €80 M Loan from Polish Bank

JAKARTA (TheInsiderStories) -  State electric company PT Perusahaan Listrik Negara (PLN) has secured €80 million (approx. Rp1.4 trillion) loan from the Gospodarstwa Krajowego (BGK) Bank...