1 Coal Power Plant Enters ‘Lethal Injection’ Transaction This Year News – 1 hour ago

Jakarta, CNBC Indonesia – The Ministry of Energy and Mineral Resources (ESDM) is targeting the operational termination of 1 Steam Power Plant (PLTU) sooner than the initial plan to be executed or transacted this year.

Secretary General of the Ministry of Energy and Mineral Resources Dadan Kusdiana did not specify the PLTU in question. However, before that, he hopes that the early retirement program for two PLTUs such as Pelabuhan Ratu and PLTU Cirebon-1 can be implemented immediately.

“The target this year is to have 1 transaction. Not to turn it off this year, but this year, this is a transaction, there are commercial process transactions, if commercial there is business buying and selling,” said Dadan at the Ministry of Energy and Mineral Resources Building, Friday (27/10/2023 ).

As is known, for PLTU Cirebon-1 itself there is a commitment to support from the Asian Development Bank (ADB) to realize the acceleration of PLTU operations. Meanwhile, for Pelabuhan Ratu it is planned that there will be a transition process from PT PLN (Persero) to PT Bukit Asam Tbk (PTBA).

According to Dadan, it is hoped that the implementation of the early retirement program for coal-fired power plants which the government is intensifying will be declared during COP 28 in Dubai, United Arab Emirates (UAE). This is a serious step taken by Indonesia to carry out an emissions reduction program.

“So now we are ensuring that the report on the results of the study will then be discussed at a meeting of 3 Ministers. Between the Minister of Energy and Mineral Resources, the Minister of Finance, this is a document that we call the PLTU Early Retirement Roadmap,” he said.

Previously, Deputy Chairman of Commission VII DPR RI, Eddy Soeparno, revealed that at least to realize the cessation of operations of the two PLTUs, the funds needed reached IDR 25 trillion. In detail, the Pelabuhan Ratu PLTU is IDR 12 trillion and the Cirebon-1 PLTU is IDR 13 trillion.

“The APBN is not possible, it is not strong enough to cover early retirement. This must have other sources which we know there are sources from JETP. We also know there is support from ADB to carry out early retirement, we know that currently there is an early retirement for PLTU Pelabuhan Ratu and PLTU “Cirebon requires funds of IDR 25 trillion,” he said in the Energy Corner event, CNBC Indonesia, Tuesday (24/10/2023).

Therefore, there is a need for other funding sources that can be used to support this PLTU early retirement program. For example, funding through the Just Energy Transition Partnership (JETP) scheme and support from the Asian Development Bank (ADB). “For Cirebon-1, there is already a commitment from the ADB to finance it. Well, this is very big with just two PLTUs,” he said.

[Gambas:Video CNBC]

Next Article

Get ready! 4,800 Mega Watts of PLTU Electricity Retired Early