KONTAN.CO.ID - JAKARTA. The government is lowering its investment target for the electricity sector this year to US$12.04 billion, 1.3 percent less than last year’s target of $12.2 billion, after taking into account a recent slowdown in electricity consumption. Only $11.28 billion was invested in 2018, but that was 24.5 percent more than the $9.06 billion invested in 2017. The Energy and Mineral Resources Ministry’s electricity program supervision director, Jisman P. Hutajulu, said on Thursday that most of the investment would be used for the construction of power plants.
Indonesia slightly lowers target for investment in electricity
KONTAN.CO.ID - JAKARTA. The government is lowering its investment target for the electricity sector this year to US$12.04 billion, 1.3 percent less than last year’s target of $12.2 billion, after taking into account a recent slowdown in electricity consumption. Only $11.28 billion was invested in 2018, but that was 24.5 percent more than the $9.06 billion invested in 2017. The Energy and Mineral Resources Ministry’s electricity program supervision director, Jisman P. Hutajulu, said on Thursday that most of the investment would be used for the construction of power plants.