Indonesia to Build Gas-Fired Power Plants with JETP Funds
The Indonesian government also wants the Just Energy Transition Partnership (JETP) to cover the gas-fired power plant projects. The Energy and Mineral Resources (ESDM) Minister Arifin Tasrif said that one of the fastest ways to reduce carbon emissions would be to convert diesel fuel-fired power plants (PLTD) into gas-fired ones due to their low greenhouse gas emissions. "This is the fastest way to reduce emissions and costs, from diesel fuel-fired to gas-fired," he said on Friday.
Therefore, the government will persuade the International Partners Group (IPG) member countries to include gas-fired power plant projects in the JETP initiative. In Nov 2022, Indonesia and IPG member countries vowed to raise US$20 billion in funding to help Indonesia's decarbonization efforts.