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View all search resultsAn Energy and Mineral Resources Ministry official says the government is banking on hydropower, which can generate baseload electricity, to be the main renewable energy source as the country looks to reduce reliance on coal-fired power plants.
Hydroelectric power was once slated to spearhead Indonesia’s transition to renewable energy, but despite the abundant potential, industry players are reluctant to invest because of what analysts see as excessive bureaucratic hurdles.
Publicly listed renewables developer PT Terregra Asia Energy has struck an agreement with state-owned construction firm PT Waskita Karya to build seven hydro power plants worth Rp 12.5 trillion (US$897.7 million) on Sumatra Island.
The hydropower plant project, valued at around Rp 2.2 trillion (US$152.59 million), straddles Asahan and Toba Samosir regencies. It is among the many ongoing renewable energy projects in Indonesia facing regulatory deadlock.
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