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China Gezhouba Builds Hydropower Project US$1.62B in Indonesia

JAKARTA (TheInsiderStories) - China Gezhouba Group Corp., (CGGC) just inked a massive RMB11.52 billion (US$1.62 billion) hydropower project in Indonesia, said the company last May. The...

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...

Geo Dipa Builds Second Geothermal Power Plant in West Java

JAKARTA (TheInsiderStories) - State power producer, PT Geo Dipa Energi plans to build the second Patuha geothermal power plant located in the Ciwidey region of West Java,...

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...

Indonesia Sees Potential Geothermal Projects 1GW by 2030

JAKARTA (TheInsiderStories) - Indonesian government could manages one gigawatts (GW) of geothermal projects in 2030, said the official on Tuesday (02/18). The potential showed on the...

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...

Indonesia’s Dian Swastatika Build Coal-fired Power Plant in 2020

JAKARTA (TheInsiderStories) - PT Dian Swastatika Sentosa Tbk (IDX: DSSA) aimed to build coal-fired power plant in 2020, local media reported on Wednesday (12/11)....

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...

Indonesian Govt Injects Capital US$50M to Geo Dipa

JAKARTA (TheInsiderStories) - Indonesian government injected fresh capital Rp700 billion (US$50 million) to state firm PT Geo Dipa Energi, said the official yesterday (09/18). The...

Indonesia’s AKR Enter Power Business, Prepares Investment US$400M

JAKARTA (TheInsiderStories) - Multinational company, PT AKR Corporindo Tbk (AKRA) plan to enter power business as part of its diversification business, said the director...

Morning Briefing: ECB Hints Cut Rate in September

JAKARTA (TheInsiderStories) – Good morning! President of European Central Banks (ECB) Mario Draghi has hinted that the central bank will cut rates in September. The...

PAL Indonesia, Thorcon Signs US$1B to Build Nuclear Reactor

JAKARTA (TheInsiderStories) - Indonesia’s state company PT PAL Indonesia signed an agreement US$1.2 billion with nuclear power firm Thorcon International Pte. Ltd., to conduct...

Indonesia’s Adaro Avoiding Taxes US$125M in 2009-2017

JAKARTA (TheInsiderStories) - The world's largest coal Indonesia-based company, PT Adaro Energy Tbk (IDX: ADRO), has transferred its profits in large quantities to a...

Indonesia’s Bayan to Export 23 MT Coals to Bangladesh

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bayan Resources Tbk (IDX:BYAN) signed an agreement of coal supplies with Bangladesh-China Power Company Limited (BCPCL). This...

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...

Indonesia’s Bukit Asam to Invest US$464.28 M this Year

JAKARTA (TheInsiderStories) - Indonesian coal miner, PT Bukit Asam Tbk (IDX: PTBA) budgeted Rp6.5 trillion or US$464.28 million for investment in 2019. This value...

Indonesia’s Adaro Eyes Indian Power Producer

JAKARTA (TheInsiderStories) - Indonesian coal miner PT Adaro Energy Tbk (IDX: ADRO) have expressed interest in buying India' IL&FS Tamil Nadu Power Co. Ltd. (ITPCL)...

Indonesia’s PLN Targets Six Power Plants Operates in 2019

JAKARTA (TheInsiderStories) – Indonesian power producer, PT Perusahaan Listrik Negara (PLN) targeting to operate six power plants in this year. The plants will have...

Indonesia’s PLN Prepares US$6B for Investment in 2019

JAKARTA (TheInsiderStories) - Indonesia' power producer, PT Perusahaan Listrik Negara (PLN) plans to set aside Rp90 trillion (US$6.26 billion) for investment in 2019, with...

Moody’s Assigns First-time Baa3 Rating to LLPL Capital’s US Dollar Senior...

JAKARTA (TheInsiderStories) -- Moody's Investors Service has assigned a Baa3 rating to the proposed backed senior secured USD notes of LLPL Capital Pte. Ltd. (CPL)...

Moody’s affirms PLN’s Baa2 ratings; Outlook remains stable

JAKARTA (TheInsiderStories) - Moody's Investors Service affirmed Perusahaan Listrik Negara (P.T.)'s (PLN) Baa2 issuer rating. There is no change in the Baseline Credit Assessment (BCA) of...

Indonesia Revises Electricity Project Delayed from 15.2GW to 4.6GW

JAKARTA (TheInsiderStories) - Indonesian government revised the construction of power plant project delayed from 15.2 giga-watts (GW) to 4.6 GW, said one official government on...

Indonesia to Issues Mandatory Sell of Crude Oil Rules Next Week

JAKARTA (TheInsiderStories) - Indonesian government expects to issues mandatory sell crude oil for all producers to state-owned energy firm PT Pertamina next week in order to...

15GW Indonesian Electricity Project Delays to Reduce Imports

JAKARTA (TheInsiderStories) - Coordinating Minister for Maritime Affairs Luhut Binsar Pandjaitan said that the government will delayed over than 15,000 megawatts' (MW) power plant projects...

IFC Extends up to $50M Debt Financing for Power Plant in...

JAKARTA (TheInsiderStories)--The International Finance Corporation (IFC), a member of the World Bank Group, has proposed to extend a debt financing package of up to...

Barito Pacific Buys Star Energy for US$755M

JAKARTA (TheInsiderStories) - Shareholders of a diversified group PT Barito Pacific Tbk (IDX: BRPT) approved the acquisition of 66.7 per cent Star Energy Group Holdings Pte Ltd shares...

Status Updates of Indonesia’s National Strategic Projects

JAKARTA (TheInsiderStories) - The administration of President Joko Widodo is ratcheting up infrastructure spending, with priorities set in logistic, energy and transportation sectors. Indonesia needs...