TheJakartaPost
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PT PLN Indonesia Power (PLN IP), a subholding of state electricity company PT PLN, invited Japanese investors during the Japan RE Invest Indonesia 2024 event to join its decarbonization efforts by investing in hydropower projects, known as the Hydronesia Project, throughout Indonesia, specifically in Kalimantan, Java, Bali and Sumatra.
State-owned electricity giant PT PLN has four new commissioners, mostly close allies of President Prabowo Subianto. The change is much anticipated following similar changes in the boards of state-owned oil and gas giant Pertamina, where Prabowo’s allies fill key positions. Board replacement at the energy state-owned enterprises (SOEs) with politicians indicates an effort to pay back Prabowo’s allies and raises further questions about his ambitious target of energy self-sufficiency.
The head of Indonesia’s state-owned electricity company noted that retiring coal-fired power plants ahead of schedule will incur significant expenses, including the cost of building renewable energy power sources with the same capacity and reliability as the retired facilities.
