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Indonesia reveals timeline for elimination of coal-fired power plants

sxcoal.com International,  Thermal Coal 2023-08-09 08:54:37

Indonesia's Minister of Energy and Mineral Resources (ESDM), Arifin Tasrif, has disclosed the timeline for when Indonesia plans to halt the use of coal-fired power plants as part of the nation's effort to achieve its net-zero emission target by 2060.

 

"We have a program for early retirement. We have power plants, and if they continue to operate based on contracts, the last power plant will be stopped in 2058, two years before 2060," said the minister on August 7.

 

One of the programs that could support the financing of the early retirement is the Just Energy Transition Program (JETP), initiated by various developed countries including the United States and Japan.

 

"At present, coal represents 50% of our energy mix, and coal is the major contributor to emissions," he added.

 

Regarding the funding of JETP for the early retirement of coal-based power plants, Tasrif mentioned that the plan is still in the maturation process. He stated that they have prepared 4.8 GW of coal-fired power plant capacity that is ready for retirement proposed for funding under JETP.

 

(Writing by Alex Guo  Editing by Emma Yang)
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