First coal phase-out projects under Indonesia’s JETP could commence by end of 2023

INDONESIA has identified two coal-fired power plants that could potentially be the first concrete early coal phase-out projects under the Indonesia Just Energy Transition Partnership (JETP), and plans to unveil them during the United Nations annual climate change conference held in Dubai at the end of this year. 

One is operated by an independent power producer, and the other by PLN, Indonesia’s state-owned power generation company, said Joko Try Haryanto, president director of the Indonesian Environment Fund during a panel session last week, which was organised by the Glasgow Financial Alliance for Net Zero (GFanz), a global coalition of financial institutions.

Plans to come up with a comprehensive investment and policy plan by August is also on track with the first draft already signed off by the Indonesian government, said Um Woochong, managing director general of the Asian Development Bank (ADB), who was also one of the panellists. The multi-lateral development bank is working with Indonesia on its JETP.