Le Lézard
Classified in: Oil industry, Environment, Business
Subjects: TDS, ECO, ENI

Energy Industries Council: Opportunities in the Indonesian Renewables Market

LONDON, Sept. 23, 2019 /PRNewswire/ -- On 23 and 25 September, the Energy Industries Council (EIC), the leading trade association for companies that supply goods and services to the energy industries worldwide, will hold roundtables in London and Aberdeen with leading Indonesian companies representing the full range of energy sectors and organisations of all sizes, in collaboration with the Department for International Trade (DIT) and the British Embassy Jakarta.

During the course of the meeting delegates, including state owned enterprise PT PLN (National Electricity Company) and EPC contractor PT PP Energi, will discuss the Indonesian energy industry including how to enable UK companies to export their products and services, in addition to key findings in a recently published report, 'Indonesia Renewable Energy Business Opportunities', published by the Foreign & Commonwealth Office.

Indonesia is the 4th most-populous country and according to PwC will be the 4th largest economy in the world by 2050. That growth will generate increased demand for energy, which will create new opportunities for renewable energy companies.

Indonesia is blessed with an abundance and wide variety of renewable energy resources. The government has therefore set ambitious targets for renewable energy to meet its greenhouse gas emissions targets in the energy sector and to increase national energy security. The National Energy Policy (KEN) and Plan (RUEN) target that renewable energy resources provide 23% of all final energy consumption by 2025, and the draft National Electricity Plan (RUKN) targets 25% renewable electricity for the power sector by 2025.

The report provides a high-level overview of energy market opportunities in Indonesia. A more detailed free report features live and pending commercial renewable energy projects as well as regulations, pricing, contract terms, procurement methods, key decision-makers, local-content requirements, and potential partners for each type of renewable energy.

Commenting ahead of the round table event, Joel Derbyshire, DIT Country Director for Indonesia, said: "Indonesia's renewable energy market is changing.  Current initiatives are accelerating the renewable energy market and will create medium- to long-term opportunities. However, to secure future high-value contracts, UK companies need to be on the ground developing their networks in the short term. This new report aims to empower UK companies with the knowledge they need to enter Indonesia's energy market, develop relationships on the ground, and pursue projects before the market becomes mainstreamed."

To request the full report, email DITJakarta.Enquiries@fco.gov.uk

Click here to read the Executive Summary

Visit: www.the-eic.com to find out more about the EIC.

Lucy Chakaodza
44 (0)20 7091 8638

These press releases may also interest you

at 06:00
DTE Midstream, a non-utility business of DTE Energy , today announced it entered into an agreement to acquire a gathering system and gathering pipeline in the Haynesville shale formation of Louisiana for a purchase price of $2.25 billion in cash,...

at 05:00
Linde, the specialty gas supplier, has won the ICIS Innovation Awards 2019 for its Dryref syngas process which combines a new catalyst with an innovative process to redefine what's possible in steam reforming. ICIS Chemical Business Deputy Editor,...

at 03:00
The Geothermal Resources Council (GRC) Board of Directors has decided to install tiered pricing for individual and retired memberships of the global geothermal association. This means that in addition to the normal rate there are two other levels of...

at 00:16
Yingli Green Energy Holding Company Limited ("Yingli Green Energy" or "the Company"), one of the world's leading solar panel manufacturers, today announced certain updates on its PRC subsidiaries' debt restructuring. The Company's PRC subsidiaries...

17 oct 2019
Sable Permian Resources, LLC (the "Company") announces the merger of assets with American Energy ? Permian Basin, LLC ("AEPB") and the successful completion of AEPB's previously announced comprehensive and consensual debt recapitalization transaction...

17 oct 2019
Braskem S.A. ("Braskem") informs its shareholders and the market that following the hearing that took place today at New York Stock Exchange ("NYSE"), Braskem filed its Annual Report on Form 20-F for the year ended December 31, 2018 (the "2018 Form...

News published on 22 september 2019 at 22:00 and distributed by: