The Indonesian state-owned oil and gas company PT Pertamina plans to invest US$12bn to add 10 GW of "clean" power capacity by 2026, including 6 GW of gas-fired power plants, 3 GW of renewables such as geothermal and 1 GW from other projects like “blue” and “green” hydrogen. The group is already developing several gas-fired power projects, including the 1.8 GW Jawa-1 CCGT project in Indonesia (97% complete) and 1.2 GW of IPP projects in Bangladesh; the remaining 3 GW would come from domestic and overseas gas-fired power projects. Where renewables are concerned, Pertamina plans to develop 1.1 GW of geothermal capacity, with the remaining 1.9 GW consisting of solar power plants, wind projects, and other renewables.
Gas accounts for 28% of Indonesia’s installed capacity with 19.5 GW and renewables for 11% with 7.8 GW (2020). The country aims to raise the share of renewables in its draft 2021-2030 national electricity plan to at least 48% or almost 20 GW, up from a 30% target set in the 2019-2028 plan. The national electricity supply plan (RUPTL) is a 10-year policy document set by the authorities for the state-owned power utility PT Perusahaan Listrik Negara (PLN).
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