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PLN doubles down on renewables with 47 GW target over 10 years
That figure is equivalent to 70 percent of the total planned 68 GW new capacity it seeks to procure over the next decade with the rest to come from fossil fuel-based generation.
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Increasing renewables: Deputy Energy and Mineral Resources Minister Yuliot Tanjung (middle), Energy Ministry secretary-general Dadan Kusdiana (left) and PLN CEO Darmawan Prasodjo (second right) speak to media at the 2024 Electricity Connect exhibition held at the Jakarta Convention Center, Jakarta, on Nov. 20. (JP/Ruth Dea Juwita)
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tate-owned utility firm PT PLN plans to add 47 gigawatts (GW) of renewable capacity to the grid by the end of 2034 in line with the government’s effort to double down on its commitment to generate more power from clean energy, the company said on Wednesday.
That figure is equivalent to 70 percent of the total planned 68 GW new capacity it seeks to procure over the next decade, with the rest to come from fossil fuel-based generation.
Previously, PLN planned to add 47 GW of new electricity generation by the end of 2033 with 33.2 GW coming from renewables, according to a draft of the long-term electricity procurement plan (RUPTL) seen by The Jakarta Post earlier this year.
Read also: Plan for 70% renewables in 2024 RUPTL could face challenges
The Energy and Mineral Resources Ministry's electricity director general, Jisman Hutajulu told reporters during the 2024 Electricity Connect exhibition on Wednesday that adding the new power generation would require a Rp 600 trillion (US$37.87 billion) investment.
However, the country would still need to find a further Rp 400 trillion investment to build transmission and substation infrastructure, which will be needed to support the procurement plans.
“The government will take on the role of building transmission and substation [infrastructure], as the economic returns (IRR) of power plants are better than transmission projects,” said Jisman, adding he hoped that attracting private investment in power plants would pose “no problem”.
