Jakarta – The Indonesian government needs a huge investment of up to USD 1 trillion to continue pushing the energy transition programme to achieve a carbon-neutral target by 2060 or sooner.
The investment funds will be used to build new renewable energy (NRE) generation and transmission. The government has invited more international partners to support the programme.
Minister of Energy and Mineral Resources Arifin Tasrif, in an official statement, said the need for financial support will increase. This is because Indonesia will implement early retirement of coal-fired power plants in the coming years.
To appreciate actors in the energy industry who can answer these problems, the Ministry of Energy and Mineral Resources gave the Subroto Award. This award is the highest honour for stakeholders who have performed best in advancing Indonesia’s energy and mineral resources sector.
This year, the Ministry of Energy and Mineral Resources awarded 62 winners from 14 award fields. Award categories increased from last year’s 13 award categories for 66 winners. (Hartatik)