New EBT Bauran Realization 13.93 Percent, Director General Of EBTKE Calls Need Investment 14.02 Billion US Dollars

JAKARTA - The Ministry of Energy and Mineral Resources (ESDM) still requires investment commitments to be able to meet the energy mix target of new and renewable energy (EBT) by 23 percent.

Just so you know, until the first semester of 2024, the realization of the energy mix from EBT reached 13.93 percent, by the end of this year it was targeted at 19.5 percent of electricity from EBT.

Director General of New, Renewable Energy and Energy Conservation (EBTKE), Eniya Listiani Dewi, revealed that it is necessary to commit to investment and infrastructure development in order to achieve this target.

"Investment is one of the most important things that has not been achieved, then a commitment to carry out these investments, as well as infrastructure that we are currently encouraging. Currently we want a clearer achievement," said Eniya at his office, Monday, September 9.

The realization of investment in EBTKE sub-sectors until the first semester of 2024 is 580 million US dollars or 46.8 percent of the 2024 target of 1.23 billion US dollars.

Eniya said that 14.02 billion US dollars were still needed to meet the needs of 8,224.1 Megawatt (MW).

"Until 2025, we still need 8,224.1 MW or 8.2 Gigawatt (GW). Where these necessary investments are 14 billion US dollars. Consisting of various types of EBT, there are biomasa, biogas, waste, geothermal, water, hydro, battery, and so on. Well, this is what is needed," said Eniya.

Furthermore, according to Eniya, investment will be more accelerated with a breakthrough through the regulation of the Domestic Component Level (TKDN) which has been regulated through the Regulation of the Minister of Energy and Mineral Resources Number 11 of 2024 concerning the Use of Domestic Products for Electricity Infrastructure Development.

"The Ministerial Regulation Number 11 of 2024 is a debottleneck of investment issues in the EBT sub-sector. The issue of TKDN is a crucial thing that is said to hinder investment, so we have issued a new regulation regarding the TKDN EBT project. With this regulation, investments are starting to run," said Eniya.

Eniya gave an example, several EBT projects that continued after the issuance of TKDN regulations, including the Floating Solar Power Plant (PLTS) project which is now a Power Purchase Agreement (PPA), namely PLTS Floating Singkarak and Saguling, and PLTS Floating Karangkates which reached the signing stage of Letter of Intent (LoI).

In addition, the Hululais, Dieng, Dieng 2, and Patuha 2 Geothermal Power Plants (PLTP) Hullulais, Dieng, Dieng 2, and Patuha 2, also immediately moved after the issuance of the regulation.