JETP Funding Uncertain, PLN Seeks Net Zero Emission Alternative

PLN plans to pursue a different approach to contribute towards Indonesia’s NZE target as an alternative to the early retirement of coal-fired power plants.

Stepanus I Nyoman A. Wahyudi

10 Okt 2023 - 19.40
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JETP Funding Uncertain, PLN Seeks Net Zero Emission Alternative

Illustration - A resident passed in the background of the PLN substation in the Depok area, West Java, Tuesday (5/19/2020)./Bisnis-Arief Hermawan P.

Bisnis, JAKARTA — In order to achieve Indonesia’s net zero emission (NZE) target, PT PLN (Persero) has been planning for the early retirement of the coal-fired power plant. However, this plan requires time and a significant investment to retire power plants that have been the main source of electricity production in the country.

On top of that, the commitment to finance the early retirement of coal-fired power plants through the Just Energy Transition Partnership (JETP) funding program is facing an uncertain conclusion.

Despite Indonesia's readiness to implement various energy transition acceleration programs, including several power plants for retirement, the funding commitment has yet to materialize.

Hence, PLN finally tried its hand at an alternative approach to contribute towards the NZE target without having to retire coal power plants early. Recently, the state-owned electricity company opted for a scheme of reducing the capacity factor (CF) of coal-fired power plants in lieu of early retirement.

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Yusuf Waluyo Jati
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JETP Funding Uncertain, PLN Seeks Net Zero Emission Alternative

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