PLN vice president of corporate communications Gregorius Adi Trianto confirmed that the company had canceled its plan to build the 1-gigawatt (GW) plant in Indramayu, West Java.
It proactively stopped borrowing funds for the project as part of PLN’s efforts to reach the country's carbon neutral goal by 2060, Gregorius was quoted by local media as saying.
The project's termination came after Japan announced that it had canceled a plan to provide a loan worth 1.7 billion (12.55 million USD) for developing the Indramayu plant amid growing international criticism of coal power plants, a major source of greenhouse gas emissions.
According to Indonesia 's Ministry of Energy and Mineral Resources, total investment in the power sector reached 700 million USD in the first quarter of 2022, down 63% compared to the target of 1.89 billion USD set by the Indonesian Government amid the shrunken revenue of PLN that has limited the firm's investment capacity./.
- Commercial operation of NTPC's Lara power project unit soon
- Norms mandate local sourcing of gear for new power projects
- Critics urge Utah cities to leave nuclear power project
- Vietnam to stop new coal-fired thermal power projects in 2020-2030
- The end of deep coal mining in Britain: ‘They’ve knocked us down’
- One of England's last coal mines to close near Durham
- Jindal Steel and Power considering breakup as $6 billion debt weighs
- Australian billionaire woos Canadians, hoping to build big coal mine in Rocky Mountains
- ‘We’ve suffered enough’: Durham locals fight new open-cast coal mine
- Vietnam's coal imports surge during the COVID-19 pandemic
- Coal imports surge during the COVID-19 pandemic
- Vietnam increases coal import for thermal power activities
Indonesia cancels giant coal-fired power project have 296 words, post on en.vietnamplus.vn at July 4, 2022. This is cached page on VietNam Breaking News. If you want remove this page, please contact us.
