JETP Energy Transition Investment Scenario: Largest for Geothermal

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Adi Ahdiat 08/11/2023 18:10 WIB

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Of the various priority projects of JETP Indonesia, the largest investment needs are allocated to geothermal energy development.

Investment Needs Scenario for Indonesia's JETP Priority Projects (November 2023)*

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JETP Energy Transition Investment Scenario: Largest for Geothermal

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Investment Needs Scenario for Indonesia's JETP Priority Projects (November 2023)*

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The Indonesian government plans to undertake an energy transition, shifting from fossil fuel-based energy to renewable energy.

However, this energy transition requires a minimum investment of US$67.4 billion, or approximately Rp1,057.6 trillion (assuming an exchange rate of Rp15,691 per US$).

This is recorded in the *Comprehensive Investment and Policy Plan* (CIPP) document released by the Indonesian JETP Secretariat on November 1, 2023.

JETP, or *Just Energy Transition Partnership*, is an international financing cooperation program to encourage energy transitions in developing countries.

In 2022, Indonesia received a total JETP financing commitment of US$20 billion. The Indonesian government then formed the JETP Secretariat, tasked with planning and coordinating the implementation of this commitment.

In November 2023, the JETP Secretariat released the *Comprehensive Investment and Policy Plan* (CIPP) document outlining the implementation plan for JETP in Indonesia, including the investment needs for energy transition projects.

"Of the approximately 1,000 projects that are the focus of Indonesian government investment, more than 400 projects have been identified as priority JETP projects requiring a minimum investment of US$67.4 billion," stated the JETP Secretariat in the document.

These hundreds of priority JETP projects are then grouped into 7 categories, namely:

* Development of electricity transmission networks;
* Phased retirement and decommissioning of coal-fired power plants (PLTU);
* Development of geothermal power plants (PLTP);
* Development of hydropower/microhydro power plants (PLTA/PLTM);
* Development of bioenergy power plants (vegetable fuels, biogas, biomass, and waste);
* Development of solar power plants (PLTS); and
* Development of wind power plants (PLTB).

Of all these categories, the largest investment needs are allocated to geothermal energy development (PLTP), approximately US$22.5 billion.

The next largest allocation goes to water energy development (PLTA/PLTM) with a value of US$22.3 billion.

Meanwhile, investment needs for other priority areas are smaller, as shown in the chart above.

With these various projects, the Indonesian JETP Secretariat aims to achieve the following:

* Total emissions from the energy network sector do not exceed 250 million tons of CO2 by 2030;
* Renewable energy generation share reaches 44% by 2030; and
* Indonesia achieves net-zero emissions in the energy sector by 2050.

All plans contained in this CIPP are still in draft form and have no legally binding force.

"We are opening the draft JETP investment plan with the hope of gathering as much input as possible from all elements and levels of society," said the Head of the Indonesian JETP Secretariat, Edo Mahendra, in his press release on Wednesday (1/11/2023).

Editor : Adi Ahdiat

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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JETP Energy Transition Investment Scenario: Largest for Geothermal

JETP Energy Transition Investment Scenario: Largest for Geothermal

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JETP Energy Transition Investment Scenario: Largest for Geothermal

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