The Indonesian government estimates that total investment of up to $1,043 billion will be needed to develop new power plants fuelled by renewable energy to achieve its goal of carbon neutrality by 2060. The Southeast Asian nation is currently heavily reliant on coal for power generation.
Energy Minister Arifin Tasrif estimates it would require US$187 billion of investment in the upstream oil and gas in order to achieve the target of increasing production in 2030. The figure is around IDR 2,700 trillion, assuming an exchange rate of IDR 14,379 per US dollar.
President Joko Widodo (Jokowi) has said that he expects the green industrial area in North Kalimantan to become the largest in the world once it is expanded to 30 thousand hectares. The industrial area was originally planned to be developed on 13 thousand hectares of land.
The International Finance Corporation (IFC) has committed 30 million USD to the construction of a waste-to-energy plant in the northern province of Bac Ninh as part of support for Vietnam to help it reach net-zero carbon emissions by 2050.
Coordinating Minister for Economic Affairs Airlangga Hartarto has said Indonesia’s G20 presidency helps boost global investor confidence and accelerate the national economic recovery.
In a bid to increase its investment opportunities overseas, the Essar group via its exploration entity Essar Exploration and Production Ltd (EEPL) is investing in hydrocarbon block 114, located offshore of Central Vietnam.
Minister of Investment / Head of Investment Coordinating Board (BKPM) Bahlil Lahadalia has pointed out several implemented strategies to attract investment in electric car batteries in Indonesia.
Vietnam’s government is considering allowing all economic sectors, including the private sector, to build power transmission networks, not including grid projects implemented by the state under national electricity development plans. The change forms part of the amendments to the country’s Electricity Law proposed by the government.
MANILA – The government should make it more “accessible” for foreign companies to invest in the country’s renewable energy space, an official of the European Chamber of Commerce in the Philippines said Thursday.
Ford Motor Co. is investing $900 million to upgrade factories in Thailand that build its Ranger pickup truck and Everest utility vehicle. Ford, making its largest-ever investment in the operations, plans to nearly double the number of robots at its Thai manufacturing plant and at AutoAlliance Thailand, a venture with Mazda Motor Corp., while $400 […]