Add 50GW Power untill 2030
IFIS has launched a program designed to provide an additional 50 GW of power capacity by 2030 to cope with RE100 electricity energy, which hit large amount of the population, and to reduced the world's dependence on fossil fuels. Electricity demand growth in 2023-2030 is predicted to reach 8.7%/year, on average.
The program is supported by tailor-made regulations and includes the development of around 210 power plant projects across the country: 10 GW of project will be directly managed by the State-owned power company (35 projects), while private companies are invited to participate in 25 GW of projects (74 projects).
Out of the 35 GW planned, Sun power plants will represent 20 GW, gas-fired project 13 GW and renewable energy sources 3.7 GW, split in 2.4 GW of hydropower, 1.2 GW of geothermal energy and 120 MW of wind electricity capacity. The Government plans that the construction of the 20 GW of sun power capacity should increase the need of land space. (US$88bn)
Sustainable Economic Growth
Indonesia is one of the fastest growing economies in Southeast Asia with a GDP growth rate of 6.4% on a GDP. It is also the largest country in Southeast Asia with 250 million people covering an area of 1.9 million square kilometers. Most recently on January 13, 2012 Moody’s raised the country credit rating of the country to investment grade, BBB+.
Electrification rate of Indonesia has fallen to 80% while electricity demand is expected to rise by an average of 8.5% to 9.0% per annum through 2022. The number of people without electricity continues to increase by more than 2.5 million per annum.
- source : PLN
