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Indonesia is seeking to revitalize some of its carbon-based power plants such as coal-fired, gas-fired and diesel-fired power plants with cheaper and reliable new sources of power. This has been iterated by the government by setting an ambitious target to shift the country’s electricity production towards more renewable sources. The General Planning for National Energy (RUEN) and General Planning for National Electricity (RKUN) stipulates that Indonesia must reach 23 percent primary energy mix from renewable energy sources by 2025. With less than five years to fulfill the target, shifting towards renewable energy requires more than just national and domestic efforts.
As one of Asia’s leading economies, Japanese industrial capabilities are among world’s best if not the top tier in Asia. However, just like other developed industrial economies, Japan faces both internal and external pressure to switch to greener sources of energy and limiting carbon emission. Prime Minister Yoshihide Suga pledges that Japan will strive by 2030 to cut its emissions by 46% from 2013 levels and achieve carbon neutrality by 2050. Moreover, he says that in the meantime Japan would promote and further push carbon reduction.
The situation coincides with Indonesia’s need to increase the percentage of its renewable energy sources. What Japan has in term of technological expertise and financing capability and what Indonesia has in term of market could potentially further strengthen Japan-Indonesia’s bilateral relationship in the long run.
In light of this, CSIS Indonesia and Tenggara Strategics have teamed up with the Embassy of Indonesia (KBRI) in Tokyo, the Indonesian Investment Coordinating Board and the Directorate General of New, Renewable Energy and Energy Conservation at the Ministry of Energy and Mineral Resources, to help Indonesian renewable energy players and stakeholders to realize some of the potential collaborations with Japanese counterparts through RE Invest Indonesia.
Japan RE Invest Indonesia is a platform that seeks to facilitate dialogues between Japanese and Indonesia stakeholders, industry players and private enterprises. It is our goal to tighten Indonesia and Japan’s long term constructive bilateral relationship. Through this forum, we bring two sessions on geothermal energy and smart grid, in which Japanese energy industry are renowned, to mobilize investment into and realize real outcomes from Indonesia’s renewable energy sector.
Ambassador of the Republic of Indonesia to Japan and the Federative States of Micronesia
Minister for Energy and Mineral Resources of the Republic of Indonesia
June 22, 2021
12.00 - 13.30 pm (Jakarta time)
14.00 - 15.30 pm (Tokyo time)
June 22, 2021
13.30 - 14.30 pm (Jakarta time)
15.30 - 16.30 pm (Tokyo time)
June 22, 2021
14.30 - 15.30 pm (Jakarta time)
16.30 - 17.30 pm (Tokyo time)
Past event(s)
April 20, 2021 | 08.00 - 10.00 am
Jakarta Time
May 25, 2021 | 08.00 - 11.30 am
Jakarta Time
Speakers and Moderators
Director General of New, Renewable Energy and Energy Conservation (EBTKE)
Investment Coordinating Board (BKPM) deputy chairman for Investment Planning
Executive Vice President New and Renewable Energy Planning and Engineering EBT PLN
Executive Officer, Regional CEO for ASEAN & Southwest Asia; Regional COO for ASEAN; Managing Director, Marubeni ASEAN Pte. Ltd.
Chairman of the Indonesian Geothermal Association (API)
CEO PT Pertamina Geothermal Energy
Advisory Member; Plant Project, Marine & Aerospace Division, ITOCHU Corporation
Former President Director of PLN and Chairman of the Indonesian Smart Grid Initiative (PJCI)
Executive Vice President of Engineering and Technology PLN
Chairman of Kyudenko Corporation
Head of department of economics, CSIS
Independent Journalist
President Director of PT Awina Sinergi International (A-Wing Group Japan)/ Deputy Head of International Cooperation Department, Indonesia Renewable Energy Society
Past event(s)
April 20, 2021 | 08.00 - 10.00 am
Jakarta Time
May 25, 2021 | 08.00 - 11.30 am
Jakarta Time
Contact Us
Whatsapp: +62811 9966 083 | E-mail: info@reinvest.id
Session I: RE Investment opportunities in Indonesia
Indonesia offers great potential for Japanese renewable energy (RE) investors to help the country achieve its target of reaching 23% RE in the primary energy mix by 2025. The contribution of RE to Indonesia’s energy mix currently stands at 11.2%, consisting of 7.38% electricity and 3.82% non-electricity, which is still far from the target.
Indonesia has the potential to generate 418 gigawatts (GW) of electricity by using renewable energy, but only 10.4 GW or 2.5% is being utilized. The government has expressed its commitment to the energy transition, including by replacing 5,000 diesel power plants with a combined capacity of 2 GW with renewable energy. Japanese RE investors, with its strong edge in geothermal energy and smart grid, could participate in Indonesia’s RE development to achieve its ambitious RE target of 23% by 2025 and help the country to gradually cut its carbon emission.
Speakers
Director General of New, Renewable Energy and Energy Conservation (EBTKE)
Investment Coordinating Board (BKPM) deputy chairman for Investment Planning
Executive Vice President New and Renewable Energy Planning and Engineering EBT PLN
Executive Officer, Regional CEO for ASEAN & Southwest Asia; Regional COO for ASEAN; Managing Director, Marubeni ASEAN Pte. Ltd.
Moderator
Head of department of economics, CSIS
Session II: Geothermal Energy
With an installed capacity totalling 1,948.3 megawatts, geothermal power plants are the second-largest renewable energy source after hydro energy, according to PLN’s Indonesia Electricity Statistics 2018. Most Indonesian provinces have geothermal potential, with West Java leading in terms of greatest potential. To date, however, geothermal potential utilization remains low with uneven distribution, as geothermal electricity production is concentrated in West Java with an installed capacity of around 1,200 MW, 61.5% of the country’s 1,948.3 MW total installed capacity.
PLN encourages private investment in geothermal power plants, which in many cases requires a great amount of investment within the range of billions of US dollars. How can the government situate and form an investment ecosystem for the geothermal sector where the profits justify the cost of investment and the initial capital injection needed to start a geothermal project? What can local enterprises do to initiate projects with more financially stable foreign investors? And why should foreign investors consider Indonesia's geothermal potential in their portfolios?
Speakers
Chairman of the Indonesian Geothermal Association (API)
CEO PT Pertamina Geothermal Energy
Advisory Member; Plant Project, Marine & Aerospace Division, ITOCHU Corporation
Moderator
Independent Journalist
Session III: Smart Grid
The application of Smart Grid in Indonesia would significantly boost the country’s ability to increase the proportion of renewable energy in its primary energy mix to 23 percent by 2025. Increasing SG's application would help the country to transition its energy use because the technology promotes greater efficiency, reliability and resiliency along the supply chain through digitalization. With greater grid flexibility, power producers would have more capability to integrate various energy resources, which would lead to increasing renewable energy penetration, hence decarbonization in the long run.
While state electricity firm PLN has been planning for a green transformation that embraces digitalization, the process has not been as smooth as expected. Despite the power and capability that PLN wields as a state-owned power company, the process of grid digitalization has been slow if not static due to a missing link in the current regulatory framework. For instance, the national strategic program that mandates the acceleration of grid digitalization has not been followed by supporting regulations to provide PLN the necessary power to execute its plan. Considering SG’s potential to drive greener energy adoption in Indonesia, what should be done to address the prevailing issues? Can Indonesia's electricity sector apply lessons from successful electricity digitalization processes in more advanced countries? How can we change? This session will also feature an initiative from East Nusa Tenggara that aims to generate electricity from renewable energy sources and build an SG in the region. How can the initiative be materialized?
Speakers
Former President Director of PLN and Chairman of the Indonesian Smart Grid Initiative (PJCI)
Executive Vice President of Engineering and Technology PLN
Chairman of Kyudenko Corporation
Moderator
President Director of PT Awina Sinergi International (A-Wing Group Japan)/ Deputy Head of International Cooperation Department, Indonesia Renewable Energy Society