Tag: indonesia
Petronas approves Hidayah Field Project offshore Indonesia
Petronas greenlights the Hidayah field project in East Java, featuring unmanned platforms and advanced offshore facilities.
Chandra Asri to expand the butene and MTBE plant
Chandra Asri is expanding its Butene-1 and MTBE plants in Indonesia by 25%, strengthening the domestic petrochemical industry.
PLN IP seeks Japanese partners for hydropower projects
P T PLN Indonesia Power (PLN IP) invited Japanese investors during the Japan RE Invest Indonesia 2024 event to join its decarbonization efforts by investing in hydropower projects, known as the Hydronesia Project, throughout Indonesia.
PLN IP plans to add 9 GW of power capacity by 2030, with approximately 6 GW from renewable energy. Three hydropower projects offered under the Hydronesia Project are the Tanjung Sakti hydropower plant in South Sumatra, the Jatiluhur pumped storage plant in West Java, and the Tabang hydropower plant in East Kalimantan, with a combined capacity of 1,045 MW.
PLN IP is inviting partners under a proposed ownership scheme of 51% to PLN IP and 49% to the partner, with 70% project financing support.
Walsin Lihwa to invest USD 9.15M in Indonesia
Walsin Lihwa invests in a stainless steel wire rod plant in Indonesia, with production set to begin in 2027.
Prabowo announces USD 600bn economic growth plan
Indonesia plans USD 600 billion in downstream industries, focusing on domestic refining like ferronickel for stainless steel by 2045.
KUFPEC to acquire Indonesia’s oil and gas sectors
Kuwait Foreign Petroleum Exploration Company (KUFPEC) will expand its foreign oil projects, especially in Indonesia, as it seeks to seize many bids in the oil and gas exploration areas offered by Indonesia from 2024 to 2029 -- more than 50 land and sea areas.