Jakarta, IO – During the G20 summit in Bali on November 15-16, Indonesia received US$20 billion (Rp311 trillion) from G7 countries comprising the U.S., U.K., Canada, France, Italy, Germany, and Japan.
Finance Minister Sri Mulyani Indrawati explained that the fund would be channeled through the Just Energy Transition Partnership (JETP) initiative led by the US and Japan, CNBC Indonesia reported on Monday (21/11).
The two developed countries will lead negotiations with the International Partners Group regarding funding for the energy transition in Indonesia, in particular to phase out the use of coal-fired power plants (PLTU).
However, it remains to be seen whether there are PLTU assets owned by the state electricity company PT PLN and independent power producers (IPP) that are ready to be retired.