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View all search resultsIndonesia will not be able to shut down all coal and other fossil-fuel power stations within 15 years, says special presidential envoy Hashim Djojohadikusumo, walking back a statement made by President Prabowo Subianto at last year’s G20 summit.
PLN says high costs remain a challenge for the state-owned electricity company’s efforts to slash emissions from its coal-fired power plants through the use of carbon capture and storage (CCS) technology.
The early retirement project for the Cirebon-1 has overshot its initial target to close the coal power plant by the year-end, but the ADB has brushed off the delay as part of the bumps expected in managing the pioneering project under the ETM.
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.
The IESR estimates the government would need around US$1.2 trillion worth of investment in order for the country to meet all of its electricity needs from clean energy and billions more in order to retire its coal plants early.
Following on the heels of its shares purchase in Singapore-based Sembcorp Environment last week, TBS Energi Utama has divested two coal plants, with the funds to be invested in clean energy and waste management projects.
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