Jakarta, CNBC Indonesia – The Just Energy Transition Partnership (JETP) Secretariat has just released a draft comprehensive investment planning and policy document in the Just Energy Transition Partnership (JETP) scheme for public consultation.
In the draft, the coal steam power plant (PLTU) that will be retired is 1.7 Giga Watt (GW). This figure is lower when compared to the target of Indonesian President Joko Widodo (Jokowi) who asked for the early retirement program for coal-fired power plants to reach 5.2 GW.
Head of the JETP Indonesia Secretariat, Edo Mahendra, explained that the plan to retire PLTU with a capacity of 5.2 GW is actually still in the scenario. However, this scenario is divided into two, namely progressive and conservative.
Furthermore, Edo added that the 1.7 GW PLTU early retirement program had taken into account current conditions. “The question is why now, 1.7 GW? Because we want to make a plan according to what is in front of us,” said in a Public Communication event regarding the Just Energy Transition Partnership (JETP) Investment Plan Draft, Friday (3/11/2023 ).
According to Edo, concrete support for PLTU early retirement has so far come from other programs. For example, through the Energy Transition Mechanism (ETM) program as an effort to accelerate the energy transition from fossil energy to cleaner energy. “Concrete support for PLTU early retirement comes from ETM,” he said.
As is known, the Just Energy Transition Partnership (JETP) Secretariat officially opened the draft investment plan to the public last Wednesday (1/11/2023). This is with the hope of gathering input from various levels of society.
The Comprehensive Investment and Policy Plan (CIPP) document is publicly accessible on the website www.jetp-id.org which was launched today. The public can provide input on the draft investment plan via the input form on the JETP website.
The JETP partnership itself is an energy transition funding initiative worth more than US$ 20 billion or around Rp. 300 trillion agreed between Indonesia and developed countries that are members of the International Partners Group (IPG). Especially on the sidelines of the G20 Summit in Bali, November 2022. The IPG consists of the governments of Japan, the United States, Canada, Denmark, the European Union, Germany, France, Norway, Italy and the United Kingdom.
The JETP Indonesia Secretariat was formed and began operating in April 2023. One of its tasks is to coordinate efforts to prepare CIPP documents collaboratively between the Indonesian government and IPG with the support of working groups consisting of elements of international institutions, think tanks, programs cooperation in the energy sector and civil society.
Public input submitted before November 14 will be processed by the JETP Secretariat to become the basis for finalizing the CIPP document. The plan is that the CIPP document which is the basis for implementing the JETP partnership will be launched in Indonesia before the 28th Conference of Parties (COP) world event on climate change which will take place in Dubai, United Arab Emirates at the end of this year.
[Gambas:Video CNBC]
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