The first tidal power plant in Indonesia, slated to be built in Larantuka, Flores Island, East Nusa Tenggara, was once included in the national electricity plan in 2019-2028, but then dropped out from the 2021-2030 plan because it was deemed economically unfeasible.

In the first nine months of 2024, some smaller nickel miners might have been benefited from downfall of ore production from two of the country’s largest miners: Aneka Tambang (ANTM) and Weda Bay Nickel (WBN), a partnership between Tsingshan (China), Eramet (France), and ANTM. Domestic ore supply, however, might change significantly in the last quarter of the year.

Jokowi failed to kick-start development of three major oil and gas projects in his ten years tenure, which should have contributed to higher foreign direct investment (FDI) needed to grow the economy higher. They are Masela Block in Maluku province, Natuna East in Riau Islands, and the Indonesian Deepwater Development (IDD) in the Makassar Strait.

Energy security is among the main targets of Prabowo administration in the next five years. The president didn’t talk about climate change as the biggest threat to the country’s food security, another key theme of his administration, but his inner circle is known for interest in renewable.

PT Calypte Sugi Power, a subsidiary of energy and industrial development group Calypte Holding, signed a memorandum of understanding (MoU) with Singapore’s Aslan Energy Capital last August. The two companies have signed the MoU to collaborate on the development of a power generation hub with a solar power production capacity of 2 GW in Sugi island, Riau Islands province.

Shares of ASX listed copper/gold exploration company, Far East Gold Limited (ASX: FEG) opened lower by 2.63% to A$0.18 this morning despite announcement related to the signing of a Conditional Share Purchase Agreement to acquire a potential 100% ownership of the Idenburg Gold Project in Papua province.

China’s CNGR Advanced Material Co. Ltd is a company to watch given its ambitious metal processing projects and relationship with political heavyweights in the country.

Self sufficiency in food, including sugar, might be among the main programs of Prabowo presidency. Outgoing president Jokowi has recently revisited the old plan to build integrated food estates in Merauke, Papua. On July 23, 2024, he kicked off sugar plantation of PT Global Papua Abadi in Sermayam Indah village, Tanah Miring district. 

Nearly all major business groups in the country have entered renewable energy, including solar photovoltaic (PV). Those currently generating hefty profits from ‘dirty energy’ like coal are also key players in the ‘renewable energy’. Adaro, Sinarmas Group, Astra Group/United Tractors just some of few examples. More players, including foreign companies, have just ventured into the business.

Forget about renewable energy company Barito Renewables (BREN). It is not real. BREN ended at Rp11,025 on Thursday (Sept 19) to make market capitalization of Rp1,474 trillion (US$96 billion), 31 times the value of Pertamina Geothermal (PGEO), a bigger and more profitable geothermal player.