Decarbonization projects to watch (3)
Energy and mineral resources ministry has on Friday (Jan 21) clarified media reports about implementation of Regulation No. 26/2021 about Rooftop Solar Power Plant. Dadan Kusdiana, director general of new energy and renewable energy resources at the ministry, said implementation of the regulation is supported by all stakeholders pursuant to a coordination meeting chaired by coordinating minister for the economy on January 18, 2022.
139 Coal Miners May Resume Export: Who’s Not in the List?
Some coal companies have declared status of their export, but others are not entirely clear. The government has just resumed export activities of 139 companies. Among them are major coal miners like PT Adaro Indonesia (subsidiary of Adaro Energy/ADRO), PT Arutmin Indonesia and PT Kaltim Prima Coal (subsidiary of Bumi Resources), PT Berau Coal (Sinarmas Group), and PT Kideco Jaya Agung (subsidiary of Indika Energy).
Nickel Journal: More restrictions
Nickel closed higher at US$24,160 on Friday (Jan 21) following reports about Indonesian government’s plan to impose export duties on nickel pig iron (NPI) this year. Strong demand from the battery sector, lifted by impressive sales growth of electric vehicles all over the world, contributed to the decade’s record high.
Decarbonization projects to watch (2)
The government has just ‘suspended’ implementation of Minister of Energy and Mineral Resources Regulation No. 26/2021 about Rooftop Solar Power Plant connected to public grid only months after its deliberation. The decision upsets stakeholders, especially developers of rooftop solar power projects. Still, there are a lot of initiatives out there to accelerate decarbonization in the country.
Decarbonization projects to watch (1)
Tsingshan, the world’s largest stainless steel producer, which is the main driver of nickel-related investments in the Indonesia Morowali Industrial Park (IMIP) and Indonesia Weda Bay Industrial Park (IWIP), has early last year announced a plan to develop 2,000 MW clean energy power plants in three-five years time.
Nickel Journal
Benchmark nickel futures on the London Metal Exchanged reached US$22,570 per ton last week, the highest since August 2011. This should benefit Indonesia, the world’s largest exporter of nickel products (mainly in the form of nickel pig iron/NPI, ferronickel, nickel in matte, and nickel sulphate). Rising sales of electric vehicles everywhere, particularly Europe and China, and firm demand from battery sector support the commodity.
The coal export ban (6): DMO Fines
Coal miners deemed failed to meet domestic market obligation (DMO) would face substantial fines on top of disruption of their export sales. We’re talking about nearly 500 coal miners. Some of them are listed on the Indonesia Stock Exchange (IDX).
The Coal Supply Mess: Who Should Be Held Responsible?
We will be direct. PLN boss Dharmawan Prasodjo and the Minister of Energy and Mineral Resources, Arifin Tasrif, should be held responsible for the coal crisis. Despite Indonesia having a Domestic Market Obligations (DMO) mandate, the mess happened. So why can’t they do their job properly?
Coal export ban (5)
Export activities of some coal miners are set to resume today as supply for the state electricity utility PT Perusahaan Listrik Negara (PLN) has been secured. Coordinating minister for maritime and investment affairs Luhut Binsar Panjaitan, who supervises mining and energy sector, has reportedly called relevant authorities to gradually resume export.
Coal Export Ban (4)
We reached out to the Minerals and Coal (Minerba) Director General of the Ministry of Energy and Mineral Resources (ESDM), Ridwan Djamaluddin, and asked a few questions about the latest export Ban. Here are some of the insights.