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Indonesia’s Batang Power Plant Ready to Operate in 2020

JAKARTA (TheInsiderStories) - Indonesia' government said the development process of the Batang steam power plant in Central Java has reached 83 percent now and...

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’s PLN to Raises Fund of US$402M

JAKARTA (TheInsiderStories) - State-owned power producer, PT Perusahaan Listrik Negara (PLN) managed to raise funds of up to Rp5.71 trillion (US$402.11 million) that come...

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...

Indonesian Govt Injects US$1.24B for Eight SOEs in 2020

JAKARTA (TheInsiderStories) - The government will provide additional capital of Rp17.7 trillion (US$1.24 billion) for eight state-owned enterprises (SOEs) in 2020. That figure is...

Indonesia Need US$15B to Meet Geothermal Target

JAKARTA (TheInsiderStories) - Indonesia needs US$15 billion in investment to meet its target of reaching 7.200 megawatts (MW) of geothermal power capacity by 2025,...

Indonesia’s PLN Prepares US$60M for Blackout Compensation

JAKARTA (TheInsiderStories) - The state electricity company, PT Perusahaan Listrik Negara (PLN) has set aside Rp865 billion (US$60.48 million) for compensation on major blackout...

ADB Mobilizes Funds to Boost Indonesia’s Energy Sector

JAKARTA (TheInsiderStories) - Asian Development Bank (ADB) funds a US$120 million to build the 72-megawatt (MW) Tolo Wind Power Project in Jeneponto District of...

Indonesian Govt Inject Capital US$464M to PLN

JAKARTA (TheInsiderStories) - Indonesian government injected fresh capital Rp6.5 trillion (US$464.2 million) to state-owned power producers, PT Perusahaan Listrik Negara (PLN), said the government...

Indonesia Targets Renewable Energy to Reach 23% in 2025

JAKARTA (TheInsiderStories) – Indonesia is determined to reduce its use of conventional fossil fuels and continues to promote new and renewable sources of energy and...

Indonesia to Raise Electricity Tariff in 2020

JAKARTA (TheInsiderStories) - Indonesia government plans to increase electricity tariffs for 12 non-subsidized groups starting in 2020 after two years of flat rates. The...

Indonesia’s Pertamina CEO in Riau-1 Project Corruption Circles

JAKARTA (TheInsiderStories) — Today, Indonesia' Anti-graft Commission examine state-owned energy producer PT Pertamina' CEO Nicke Widyawati as a witness for Riau-1 Steam Power Plant...

ADB Finances Jawa-1 Power Plant Power Plant in Indonesia

JAKARTA (TheInsiderStories) - The Asian Development Bank (ADB) announced the first drawdown of funds under a private sector financing package totaling more than US$305 million invested...

Morning Briefing: EU-US will Talks on Tariff War This Week

JAKARTA (TheInsiderStories) – Good morning! The European Union (EU) will meet United States (US) official this week to get more information the trade deal...

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)...

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...

Indonesian PLN Collects US$1.58B from Issuance of Dual Currency Bonds

JAKARTA (TheInsiderStories) - PT Perusahaan Listrik Negara (PLN), an Indonesian power producer, announced has issued dual currencies bond in US dollar and Euro in this month....

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...

Medco E&P Increases Gas Supply for Domestic Market

JAKARTA (TheInsiderStories) -  Simenggaris block, owned by PT Medco E&P Indonesia (Medco E&P), will supply gas with total amount of 21.6 TBTU contract to PT...