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View all search resultsThe country’s newest sovereign wealth fund will prioritize the use of natural gas to support the country’s downstream industries and as a transition energy on the way toward cleaner power, according to the energy ministry.
The government plans to kick off dozens of natural resource processing projects worth $40 billion this year, including coal gasification projects, though both local and international analysts have cautioned about the technology's costliness and unfavorable investment trends.
Nuclear energy, liquefied coal and coal gas – the latter product being pioneered by state-owned coal miner PT Bukit Asam – are all categorized as “new” but not “renewable” in the draft bill, a copy of which was obtained by The Jakarta Post.
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