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Jakarta Post

RI likely to miss renewable energy target again

  • Norman Harsono

    The Jakarta Post

Jakarta   /   Wed, January 29 2020   /  01:48 am

Indonesia is set to miss its renewable energy target again this year, but investors are optimistic about the future with a potentially game-changing regulation in the pipeline.The Energy and Mineral Resources Ministry aims to boost Indonesia’s power production capacity to 74,800 megawatts (MW) this year, with only 14.5 percent to come from renewables rather than the 19.4 percent stipulated in the National General Energy Planning road map.Against the backdrop of such underperformance, President Joko “Jokowi” Widodo is expected to reintroduce this year a fiscal incentive to boost renewables growth, namely a feed-in-tariff (FIT) scheme.Indonesia has introduced at least two FIT schemes in the past, each eliciting a positive response from investors, but both were later canceled because the country’s largest utility company, state-owned PLN, was considered financially unable to bear th...