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Jakarta Post

Govt reduces renewable energy target

  • Stefanno Reinard Sulaiman

    The Jakarta Post

Jakarta   /   Fri, January 11 2019   /  02:50 am

The government has set a lower investment target for renewable energy this year at US$1.79 billion, down 10 percent from last year’s target of $2.01 billion. Last year, the government failed to achieve its target, booking only 79.6 percent, or $1.6 billion. Nevertheless, the government said it was still a “good achievement”. The Energy and Mineral Resources Ministry’s renewable energy director general, Rida Mulyana, acknowledged that the target last year was “too ambitious”. “This year’s target is actually higher than last year’s investment realization so hopefully we can achieve it, as we have set it in accordance with ongoing projects,” he said recently. “Hence, investment in the sector isn’t stagnant because we’ve still managed to gain investors, mainly from foreign countries.” In more detail, the investment target for 2019 comprises $1.23 billion in geothe...