KONTAN.CO.ID - JAKARTA. Indonesia's state utility Perusahaan Listrik Negara (PLN) is in negotiations with U.S. and European investors to help finance an acceleration scheme for its coal power plant retirement, its chief executive said on Tuesday. PLN is targeting reaching net zero carbon emission by 2060 and planning the early retirement of coal plants worth a collective capacity of 10 gigawatts overall. "We are in the process of negotiating with global communities, American counterparts, European counterparts, global investment (firms), about an energy transition mechanism," Darmawan Prasodjo told a G20 side event in Indonesia's Bali, which was streamed online.
Indonesia's PLN in Talks With Investors Over Early Retirement of Coal Plants
KONTAN.CO.ID - JAKARTA. Indonesia's state utility Perusahaan Listrik Negara (PLN) is in negotiations with U.S. and European investors to help finance an acceleration scheme for its coal power plant retirement, its chief executive said on Tuesday. PLN is targeting reaching net zero carbon emission by 2060 and planning the early retirement of coal plants worth a collective capacity of 10 gigawatts overall. "We are in the process of negotiating with global communities, American counterparts, European counterparts, global investment (firms), about an energy transition mechanism," Darmawan Prasodjo told a G20 side event in Indonesia's Bali, which was streamed online.