This Is The Bit Of Electricity Sector Investment Investment In 2022 No Target Capat

Illustration (Photo: Doc. Antara)

JAKARTA - The Directorate General of Electricity at the Ministry of Energy and Mineral Resources noted that investment in the electricity sector reached 5.75 billion US dollars or around Rp. 85.5 trillion.

Acting Director General of Electricity at the Ministry of Energy and Mineral Resources Dadan Kusdiana said the figure of 2022 electricity investment achievement fell from 2021 which reached 6.71 billion US dollars.

Dadan explained that all of this was due to the factor in decreasing electricity consumption during the COVID-19 pandemic, so that several generating projects experienced changes in operating schedule or commercial operation date (COD).

"The decline in demand due to COVID-19 has caused several generating projects to be rescheduled," Dadan told the media, Thursday, February 2.

According to Dadan, the decline in investment value was also driven by several contractors who were still experiencing financial difficulties and technical difficulties in the procurement of main equipment.

Not only that, obstacles in electricity investment are also influenced by licensing and land acquisition issues, hampered supply of Main Transmission Materials (MTU) and Main Distribution Materials (MDU) due to the influence of the Russia-Ukraine war and several PLN projects are still in the procurement phase.

However, Dadan is optimistic about electricity investment in 2023 by setting an investment target of 6.64 billion US dollars.

"We remain optimistic because the investment target has also increased to 6.64 billion US dollars," said Dadan.

For information, the 35 Gigawatt (GW) generating megaproject has now reached 47 percent. This amount is equivalent to 16.59 GW of the power plant capacity that has been operating.

The total capacity of 16.59 GW of this plant is sourced from 415 generating units. Meanwhile, 123 generating units or the equivalent of 12.83 GW are still in the construction stage.