Page 14 - AsiaElec Week 16 2021

AsiaElec NEWS IN BRIEF AsiaElec

GAS-FIRED GENERATION halfhearted.” 2025 to reach 16.5% of the power mix,
Adaro, which has already entered the asking renewables developers to accelerate
MedcoEnergi announces power and water treatment business over their construction plans and local network
the past several years, saw revenue drop 27%
operators to guarantee grid connection for
strategic alliance with to $2.5bn and net income plunge 64% to new clean power plants coming online. The
proposal will be circulated for opinion until
$146.9mn last year, due to the coronavirus
Kansai Electric Power pandemic and mobility restrictions 25 April.
worldwide.
As part of the government’s mission to
PT Medco Energi Internasional is pleased to Thohir also said that he had recovered scale up renewables, the NEA has said it will
announce the completion of the transaction from COVID-19 after spending 11 days in a establish a “diversified guarantee mechanism”
to form a strategic alliance between Medco hospital intensive care unit in November. It to help more projects win access to the grid.
Power Indonesia and Kansai Electric Power. was not immediately clear why the infection This comes two months after the central
Through the alliance, Medco Power and was only revealed now and he offered no government forced regional grid operators to
Kansai Electric will work together under a explanation. Thohir is the elder brother of increase their minimum power purchase from
jointly owned platform to develop and operate Indonesian State Enterprise Minister Erick renewable power systems. The NEA also set
existing and new gas-fired power plants and Thohir. a goal for renewable energy to make up more
expand their operation and maintenance Amid growing ESG campaigns among than half of total installed power capacity in
business in Indonesia. The alliance brings investors and following zero-carbon pledges China by 2025 earlier this month.
together Kansai Electric’s global technical by major markets China, Japan and South China installed 48.2GW of solar PV
expertise with Medco Power’s experience in Korea last year, some Indonesian coal capacity last year, according to figures from
developing and operating power plants in companies have unveiled coal gasification and the NEA, which identified a sharp spike of
Indonesia. renewable energy plans. new solar installs in December, while analysts
Hilmi Panigoro, the President Director of Last month, Indika Energy announced the at BloombergNEF believe the country could
MedcoEnergi, said, “We are delighted to enter establishment of a joint venture with Fourth reach 4.2TW of solar by mid-century, but
this strategic alliance with Kansai Electric and Partner Energy Singapore to enter the solar given both its energy demand and emissions
look forward to growing our power business power business, citing 28bn rupiah ($1.9mn) are both still on the rise, it will be “no small
together”. in investment. State-owned Tambang feat” for the country to reach its emission
Eka Satria, President Director of Medco Batubara Bukit Asam last year launched solar reduction targets.
Power said “The alliance with Kansai Electric panel projects in some of its ex-mining sites
will further strengthen our capabilities and and some of the country’s airports. GAS-FIRED GENERATION
allow us to continue developing our Gas IPP Thohir mentioned what he sees as big
and O&M businesses in Indonesia, through potential for biomass energy in Indonesia VinaCapital, GS Energy to
the application of advanced technology and -- particularly in the form of wood pellets. He
best international practices”. added some of Adaro’s longtime customers invest $3bn in LNG power
MEDCOENERGI -- including state utility company Perusahaan
Listrik Negara and buyers in Japan and South plants in Vietnam
Korea -- have started combining coal with
RENEWABLES wood pellets to reduce carbon emissions in VinaCapital, one of the largest investment and
their power plants. asset management firms in Vietnam, said on
Indonesian coal miner Monday it would jointly invest up to $3bn in
a LNG-to-power complex in the country with
Adaro Energy looks to China sets 11% green target its South Korean strategic partner GS Energy.
The first phase of the 3,000MW complex in
renewables for 2021 the southern province of Long An should be
operational from the end of 2025, VinaCapital
Major Indonesian coal miner Adaro Energy The Chinese government aims to use said in an emailed statement.
aims to enter the renewable energy sector this have solar and wind account for 11% of The company did not specify when it
year, CEO Garibaldi Thohir said on Monday, the country’s total power mix in 2021, the would start building the complex, noting
calling biomass, hydrogen and solar power the National Energy Administration (NEA) saoid. pending regulatory approvals were required.
company’s top options, the Nikkei reported. President Xi Jinping said that China would LNG is growing more popular as a power
Thohir said Adaro is currently drawing up seek to increase its solar and wind energy generation fuel in Vietnam as coal falls out of
a “Green Initiative” and plans to announce capacity to around 1.2TW by the end of the favour because of its emissions and climate
details in coming months. Over the long term, year as the government seeks to bring carbon impact, with the country ramping up plans for
renewable energy is expected to become a emissions to a peak in the same time, and LNG import terminals and power plants.
pillar for the coal company, he added. become carbon neutral by 2060. Prime Minister Nguyen Xuan Phuc
“We know that in the future ESG -- This would help bring the proportion of welcomed GS Energy’s investment in
environmental, social, governance -- will non-fossil fuels in China’s energy supply to the province as he visited the site of the
become a very important criterion for all 25% by the end of the decade. planned complex in Long An on Sunday, the
of us. Adaro understands that. Adaro has The wind and solar power target marks a government said.
to reform and diversify into the greener rise from the 9.5% share both resources had in Vietnam plans to raise the proportion of
directions,” Thohir told reporters during a the power mix last year, with solar accounting gas-fired electricity in its power mix to 21% by
remote news conference. for 3.4% of this. 2030 and to 24% by 2045 from 13% currently,
“When we decide to do something, we’ll The NEA said in its draft proposal this according to a draft of the government’s
be serious about that,” he added. “It won’t be week that solar and wind power generation master power development plan expected to
just a small [plan]. It will be big... we won’t be would need to increase year-on-year until be officially released later this year.

P14 www. NEWSBASE .com Week 16 21•April•2021