Cikarang Listrindo books $71.5m in profit in first half of 2017 Jakarta, Mon, July 31, 2017 Publicly listed independent power plant producer PT Cikarang Listrindo announced on Sunday that the company had booked US$71.5 million in net profits during the first half of 2017, up by 18.1 percent from the $60.6 million in the same […]
Indonesia to Auction Off Geothermal Power Projects Worth $1b Jakarta. The government will auction off six geothermal projects worth $1.02 billion in September to expand Indonesia’s renewable energy capacity as part of its plan to become the world’s largest geothermal producer. Local companies and foreign investors from the United States, Italy, Japan, South Korea, Turkey and […]
Private investors called on to help supply electricity to villages Jakarta, Sat, July 22, 2017 The government has called on private investors to help support its plan to electrify thousands of villages across the country in a bid to spur economic growth. Villages, Disadvantaged Regions and Transmigration Minister Eko Putro Sandjojo stated that around 13,000 […]
PLN set to absorb Masela gas Jakarta, Tuesday June 13, 2017 State-owned electricity firm PLN has stated its readiness to absorb 60 million standard cubic feet per day (mmscfd) of gas to be produced at the Masela block in the Arafura Sea to develop a combined-cycle power plant (PLTGU) with a capacity of 300 megawatts (MW) […]
Deals this week: PT PLN (Persero), Union Electric Company, Vivint Solar Jakarta, 9 June 2017 PT PLN (Persero) has announced plans to raise IDR2tn ($160m) in a multi-phase offering of ijara sukuk (debt securities). The company plans to raise gross proceeds of IDR400bn ($30.1m) in the first phase of the offering in 2017. The net proceeds […]
KMI Wire and Cable (KBLI IJ) – Bright prospects to drive valuation re-rating March 9, 2017 Although shares of KMI Wire and Cable (KBLI/Not Rated) have jumped >50% YTD, we believe the stock is still attractive. Key investment points include: 1) growing demand for aluminum power transmission cables; 2) its fewer competitors (Voksel Electric [VOKS […]
WASHINGTON, February 9, 2017 – The World Bank’s Board of Executive Directors today approved $55.25 million in grants to support the Geothermal Energy Upstream Development Project in Indonesia, which aims to facilitate investment in geothermal power generation in the country. The grant has two components with different objectives. The Clean Technology Fund (CTF) is contributing $49 million to support infrastructure […]
It is approximated that there is about 29 gigawatts of electricity that can be produced via geothermal energy sources in Indonesia, but only about 5%, or roughly 1,340 megawatts, of the country’s geothermal resources are currently utilized. By the end of 2014, three new geothermal plants will be operational.