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Behind JETP Indonesia’s Funding Hard Negotiations

Monday, November 6, 2023

Indonesia continues to search for cheap funds to finance the coal power plant early retirement program. The energy transition will be hampered if the government only relies on funds from the JETP.

arsip tempo : 172126612926.

Energy and Mineral Resources (ESDM) Minister Arifin Tasrif inaugurates the new office for Just Energy Transition Partnership (JETP) Task Force Team at the ESDM Building, Jakarta, February 16. ESDM Ministry Doc. . tempo : 172126612926.

THE Just Energy Transition Partnership (JETP) pledged by developed nations during the Group of Twenty or G20 meeting in Bali last year has not met expectations. The government wants the JETP, a funding worth US$21.5 billion or Rp335.4 trillion consisting of grants and low-interest loans for the program to phase out coal-fired steam power plants (PLTU). However, according to the Chief of JETP Indonesia Secretariat Edo Mahendra, the fund owner was

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KHAIRUL ANAM

Retno Sulistyowati contributes to this report.

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