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KEPCO Moves Ahead with Controversial Power Projects in Indonesia

JAKARTA (TheInsiderStories) - Board of management of Korea Electric Power Corp., (KEPCO) approved a business plan to build Jawa 9 and 10th coal-fired power plants in Banten, despite...

Shareholder Rejects PLN Proposed Capex, to Cut by 40%

JAKARTA (TheInsiderStories) - Shareholder of PT Perusahaan Listrik Negara (PLN) rejected the proposed capital expenditure worth of Rp100 trillion (US$7.14 billion) to avoid fraud at...

ADB Approves Loan Facility US$300M for Geo Dipa Energi

JAKARTA (TheInsiderStories) — The Asian Development Bank (ADB) has approved a US$300 million loan to help PT Geo Dipa Energi, an Indonesian state-owned company, expand...

Japan’s Mitsui, Qatari Nebras Considers to Divests Paiton Energy Shares

JAKARTA (TheInsiderStories) - Japanese firm, Mitsui & Co. is considering to divests its majority stake in one of Indonesia' biggest independent power producers, PT Paiton Energy,...

Indonesian Officially Set Gas Prices for Industry US$6 a MMBTU

JAKARTA (TheInsiderStories) - Indonesian government officially set the gas prices for industry US$6 a millions british thermal units(MMBTU), said the energy and mineral resources (EMR)...

Indonesia Sees Domestic Coal Demand Could Drop 5% in 2020

JAKARTA (TheInsiderStories) - The Ministry of Energy and Mineral Resources (MEMR) sees the domestic coal demand could fall around 5 percent if the COVID-19 impact...

Indonesia Simplifies Renewable-based Power Plant Regulation

JAKARTA (TheInsiderStories) - The energy and mineral resources (EMR) minister, Arifin Tasrif, has signed the second amendment of ministerial regulation Number 50 of 2017 concerning...

INPEX’s Masela Supply Gas to PLN, Pupuk Indonesia

JAKARTA (TheInsiderStories) - INPEX Masela, Ltd., the operator of Masela block, has signed a long-term supply gas deal with two state-owned firm, PT Perusahaan...

Indonesia Needs to Build More Renewable Energy Installations

JAKARTA (TheInsiderStories) - Indonesia has set a renewable energy target of 23 percent in the energy mix by 2025. The country has renewable energy potential of...

Grab, Hyundai Launchs GrabCar Electric in Indonesia

JAKARTA (TheInsiderStories) - Grab Indonesia and Hyundai Motor Co., launcheh GrabCar Electric in the country to support the government' initiative to bring two million electric...

Indonesia’s PLN, Masdar Inks Investment Deal US$128M

JAKARTA (TheInsiderStories) - PT Pembangkit Jawa Bali (PJB), signed an investment deal worth of Rp1.8 trillion (US$128.58 million) with Masdar, an energy company from the United...

Indonesia Set Coal Price for DMO US$70 a Ton

JAKARTA (TheInsiderStories) - Indonesian set the coal price for Domestic Market Obligation (DMO) at US$70 a ton starting Jan. 1, 2020. The government also pegged 25 percent...

Indonesia to Regulates DMO of Gas, President Wants to Lowering the...

JAKARTA (TheInsiderStories) – Indonesian government has plan to regulate the domestic market obligation (DMO) of gas to drive down the price for local manufacturers, said...

Indonesia’s Supreme Energy to Build Second Geothermal Plant in West Sumatera

JAKARTA (TheInsiderStories) - Indonesian power plant power producer, PT Supreme Energy, in talks with PT Perusahaan Listrik Negara (PLN) and the energy and mineral resources...

Morning Briefing: US’s Democrat Prepares Article to Impeach Trump

JAKARTA (TheInsiderStories) - Good Morning! Democrat Party expect to draft two articles of impeachment against United States (US) President Donald Trump. From Europe, Russian President Vladimir...

Indonesia’s PLN Gets Syndicated Loan US$1B from Eight Banks

JAKARTA (TheInsiderStories) - Indonesian power producer, PT Perusahaan Listrik Negara (PLN) received syndicated loan of US$1 billion from eight foreign banks, said the management...

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'...

Singapore Power to Build 500 EV Charging Stations in Indonesia

JAKARTA (TheInsiderStories) - Singapore Power will involve in developing of the infrastructure of electric vehicle (EV) in Indonesia, said coordinating minister for economic affairs, Airlangga Hartarto,...

Develope Charging Station, PLN Invites GoJek, Grab, Bluebird

JAKARTA (TheInsiderStories) - Indonesia’ state-owned, PT Perusahaan Listrik Negara (PLN) and two digital player Grab and GoJek, have signed a memorandum of understanding (MoU) to build...

Turkey’s Karpowership Signs LNG Project with SENELEC

JAKARTA (TheInsiderStories) - Turkey' floating power supply company, Karpowership extends its West African reach by signing a 120 megawatts (MW) LNG to power contract with Senegal’ National...

Indonesia’s Pertamina, PLN Creates Power Business Unit

JAKARTA (TheInsiderStories) - State-owned companies, PT Pertamina and PT Perusahaan Listrik Negara (PLN) agreed to form a joint venture in the electricity business based on gas,...

Indonesia Proposes New Loans US$500M to AIIB

JAKARTA (TheInsiderStories) - Indonesia has submitted a new loan to Asian Infrastructure Investment Bank (AIIB) with worth US$500 million, said the official on Thursday (08/29)....

Telkom Indonesia Eyes Various Companies to Strengthening the Business

JAKARTA (TheInsiderStories) – Indonesian telecommunication provider, PT Telkom Indonesia Tbk (IDX: TLKM) admitted has joined other cellular provider PT Indosat Ooredoo Tbk (IDX: ISAT)...

Indonesia’s PLN Needs US$1B to Complete Eight Geothermal Projects

JAKARTA (TheInsiderStories) - State-owned power producer, PT Perusahaan Listrik Negara (PLN) needs an investment around US$1 billion to complete eight geothermal projects during 2023 -...

Moody’s Assigns Baa2 rating to PLN’s MTN Drawdown

JAKARTA (TheInsiderStories)– Moody's Investors Service has assigned a Baa2 rating to the proposed senior unsecured notes to be issued by PT Perusahaan Listrik Negara...

S&P Takes Rating Actions On Nine Indonesian Companies

JAKARTA (TheInsiderStories) - Along with the increase in Indonesia's long-term debt rating, Standard and Poor's (S&P) Global Ratings took rating actions on nine companies...

Greenpeace: Indonesia’s Coal Power Emission Norms Rated Weak

JAKARTA (TheInsiderStories) - Indonesia's thermal emission quality regulation has been revised by the Ministry of Environment and Forestry in April, but environmental organizations consider...

Insight: Weak Performance of Sumarno’s State Enterprises Lead

JAKARTA (TheInsiderStories) - In the midst of slowing down the global and national economy, State-owned Enterprises (SOEs) are actually the saviors of the government...

Muhammad Ali Fill the Empty Perusahaan Listrik Negara’ CEO Chair

JAKARTA (TheInsiderStories) — Following the suspect label on the PT Perusahaan Listrik Negara CEO Sofyan Basir, State-Owned Enterprises Ministry Rini Soemarno appointed the Human Capital Director...

Indonesia’s Geo Dipa Energi Invests US$300M to Build Geothermal Power Plants

JAKARTA (TheInsiderStories) – Indonesia's geothermal power producer PT Geo Dipa Energi resumed the construction of 2 units of geothermal power plants with an investment...