What's going on with Indonesia's power outage?

JAKARTA, INDONESIA – Indonesia’s massive August 4 power outage is raising new concerns about the state electricity company, and renewing calls to look at alternative power sources, including geothermal energy, solar photovoltaic and wind.

How to reduce the cost of renewable electricity in Indonesia?

This is one reason why having access to cheap capital is one of the most critical factors for bringing down the cost of renewable electricity. Most power plant projects in Indonesia have 70-80% of debt in its financing and depending on the funders, the interest rate ranges from 5-8% (international funding) and 7-12% (local funding).

What will Indonesia's electricity demand look like in 2021?

In long-term forecasts, the national power company PLN expects Indonesia to experience a notable increase in demand due to population and economic growth. In 2021, PLN unveiled its national electricity supply plan (RUPTL) for 2030, projecting that electricity demand will rise to about 60 GW by 2030.

What kind of energy does Jakarta use?

Jakarta’s energy system relies heavily on fossil fuels, in particular natural gas (49%), crude oil (28%) and coal (19%). Most electricity is generated from coal-fired power plants, while gasoline and diesel are the main fuels for private vehicles and motorcycles.

Will Indonesia's nuclear power supply increase?

Including nuclear power (33 units, totaling 33 GW) raises the supply capacity to 145%. In long-term forecasts, the national power company PLN expects Indonesia to experience a notable increase in demand due to population and economic growth.

Will Indonesia attract more energy investment in 2023?

ttract more investment to increase renewable energy capacity.Indonesia’s renewa le energy investment has stagnated over the past seven years. The latest data shows that Indonesia could only attract around US$1.5 billion (bn) in 2023, translating into a mere 574 megawatts (MW) of additional renewable energy capacity; 145MW of w