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View all search resultsCommodity price intelligence provider Argus in August revealed that parts of the upper reaches of the Barito River have become completely unnavigable, with some mining companies in the area already declaring force majeure on shipments.
The exchange, scheduled for launch next year, is President Prabowo Subianto's latest initiative to expand state influence over natural resources in a country that is the biggest global supplier of palm oil, nickel and thermal coal and a major source of copper and bauxite.
Widespread power disruptions have hit multiple regions across Indonesia in recent months, affecting parts of Sumatra, Java and Kalimantan and raising concerns over the reliability of the country's electricity grid.
When a single broken wire darkens five provinces, the problem isn't the weather, it's an outdated, centralized grid architecture. Indonesia must ditch its fragile reliance on mega-scale coal and embrace decentralized renewables before the next inevitable storm cuts the power again.
A coal power plant has been restored to the Java grid, but state-owned electricity firm PLN's deeper issues persist: a $70 price cap that bars it from competing for supply, regulatory ambiguity over where domestic coal flows and a compensation fund that remains in limbo.
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