Indonesia Proposes Investment and Grants for JETP: Take It or Leave It

By Editorial Team 27/09/2023
JETP grant
Summary

The government is aiming to finish the comprehensive investment and policy plan (CIPP) document for the Just Energy Transition Partnership (JETP) program by October, ahead of the original deadline at the end of the year.

Rachmat Kaimuddin, Deputy for Infrastructure and Transportation Coordination at the Coordinating Maritime Affairs and Investment Ministry, said he was selecting the projects to be included in CIPP. “The financing required is more than US$21.7 billion,” he said at the Katadata Sustainability Action for the Future Economy (SAFE) 2023 event on Sept 26.

Rachmat said there was no decision to reject using JETP funds. He stressed that JETP was crucial to achieve the emission reduction target by 2030.

He also said that the projects in CIPP are grouped into five categories: building new renewable energy power plants, reducing emissions by cutting down fossil fuel power plants, generating renewable energy that can be dispatched, creating variable renewable energy, and participating in the global supply chain of new renewable energy.

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