Jakarta – PLN Indonesia Power, a subsidiary of state electricity company PT Perusahaan Listrik Negara (PLN), said the sale of its emission reduction certificates or greenhouse gas emission reduction certificates (SPE-GRK) at the IDX Carbon increases.
PLN IP President Director Edwin Nugraha Putra said that PLN IP continues to strive to be a driving force for carbon market growth. This is evidenced by the sales of SPE-GRK through IDX Carbon, which reached 39,265 tons of C02e as of March 17, 2025.
“In addition to supporting the NZE 2060 target, the trade in greenhouse gas emission reduction certificates is a significant achievement of the company’s business program from non-electricity sales,” Edwin said in a statement on Monday (17/03).
He said PLN IP not only develops and operates renewable energy-based power plants but also actively contributes to growing the country’s carbon trading.
“As an upstream key player of the country’s electricity system, PLN IP has prepared various initiatives to support carbon trading, including the development of clean energy technology and the use of renewable energy,” he said.
Through this green initiative, PLN IP seeks to reduce its carbon footprint, support the government’s commitment to the net zero emission (NZE) target, and open up more opportunities for many partners to get involved.
“Through this carbon trading, we are committed to supporting national decarbonization and the net zero emission target in 2060. PLN IP opens opportunities for partners to be involved in this green collaboration,” he added.
The Ministry of Environment, Financial Services Authority (OJK) and the Indonesian Stock Exchange officially started international carbon trading on Jan. 20, 2025.
The carbon units are currently traded through the Indonesian Carbon Exchange or IDX Carbon, a unit of the Indonesian Stock Exchange. With the launch of IDX Carbon, international buyers now have access to purchase carbon units sourced from Indonesia.
Currently, the carbon units traded by PLN and its subsidiaries, are originated from the power sector, namely, (1) The New Natural Gas Power Plant PLTGU Priok Block 4; (2) Single Cycle Power Plant to Combined Cycle (Add On) PLTGU Grati Block 2 conversion project; (3) Gunung Wugul Mini Hydroelectric Power Plant (PLTM); (4) The New Natural Gas Power Plant PLTGU PJB Muara Karang Block 3; and (5) Single Cycle Power Plant to Combined Cycle Block 2 PLN NP UP Muara Tawar conversion project.
Almost all the carbon units currently traded at the IDX Carbon are originated from the power sector. Investors are now awaiting carbon units originating from the forestry sector, which are expected to be listed soon. (Roffie Kurniawan)
Banner photo: Image generated by OpenAI’s DALL·E via ChatGPT (2024)
