The Indonesian Government stays firm with its plan to ban exports of unprocessed metals and minerals, with tin, bauxite, and copper in a queue. A long list of countries in Asia and Europe are at the greatest risk of being impacted.
The government has ensured that the capital city relocation from Jakarta to East Kalimantan will start in 2024. Therefore, the Nusantara Capital City (IKN) construction must begin immediately.
The crude palm oil (CPO) price closed at a record high of 7,104 ringgit per ton last week on the Malaysian derivatives exchange. CPO prices skyrocketed 24.52 percent last month, capping the highest monthly gain over the past ten years.
Several new airlines have started operations even though the Indonesian aviation industry, hit hard by the COVID-19 pandemic, has not fully recovered yet.
Indonesia has been facing cooking oil scarcity for almost two months. It announced an increase in the DMO percentage imposed on exporters of all products containing palm oil. How could this scarcity possible in the world's largest palm oil exporter?
PTBA-Pertamina-APCI expects the coal gasification project to have its Commercial Operation Date in 2027. The project was delayed from the previous target of 2024 due to the completion of outstanding items in the processing service agreement.
This is not the first time for Indonesia to face a coal supply crisis for its PLTU. The world's largest coal exporter faced the same problem in the same period last year and possibly to have been dealing with it for years.
ThorCon has been involved in Indonesia's nuclear energy development since 2015 when the US-based company cooperated with the Ministry of Energy and Mineral Resources, Bapeten and BATAN in developing nuclear power plants.
The global energy crisis highlights the challenges of the green energy transition. As many countries survived the pandemic, economic recovery activity boosts demand for electricity and fuel, leading to natural gas shortages and soaring coal demand.
Costs overrun and cash deficiency risks overshadow the Jakarta-Bandung high-speed rail project during operations, forcing Government to intervene in funding. Such a decision has raised a warning over the potential long-term burden for the state budget.
