JIF Class 4: “Harnessing Renewable Energy Investment in Jakarta”

A moment ago, JIC had held the 4th sequel of JIF Class as part of the #RoadtoJIF2022 agenda. Southeast Asia is the region that has been successfully attracting a great deal of outside investor interest. Countries from around the region and ever farther afield are investing in Southeast Asia’s energy sector because of the rapid growth experienced over the last decade and half, and their investment priorities, along with economics, shape their investment decisions in Southeast Asia. Energy policy and investment decisions are also being driven by the shifting nature of supply-and-demand balances in each country and the shifting domestic realities that come from becoming a net importer of specific fuels, such as in Indonesia.

Brought the theme “Harnessing Renewable Energy Investment in Jakarta”, JIF Class #4 was attended by approximately 145 attendees from various backgrounds. This time, JIF Class invited several distinguished panelists from Department for Manpower, Transmigration, and Energy DKI Jakarta; Jakarta Chamber of Commerce (KADIN DKI Jakarta); and Dewan Energi Nasional (DEN). Each guest speaker was chosen to present their insights in the discussion in accordance with their expertise and work experiences in the renewable energy industry.

According to Mr. Edward's presentation, Jakarta is the primary location that dominates the nation's energy supply. He brought several strategic issues concerning the energy supply in Jakarta, such as the capital city movement to Kalimantan; Jakarta's dependence to electricity; limited access to affordable energy in Seribu Island; Jakarta’s capacity to leverage the renewable energy and the competitiveness market offered especially in renewable energy in Jakarta. This indicates Jakarta’s future economy will be dominated by utilizing renewable energy opportunities. 

Mr. Edward projects that Jakarta’s energy needs will increase up to 43.147 GWh in 2025. This will align with Jakarta’s commitment to eliminate the greenhouse gas emission (GHG Emission) by 30% each year in 2030. In accelerating this commitment, the Jakarta Capital Government is inviting all the private sectors to collaborate in supporting Jakarta's climate ambitions. Besides, Mr. Edward also stated that renewable energy specifically in utilizing water, wind, as well as the heat will be the next economic resourceful for Jakarta.

Recently, Jakarta published the new regional plan to accelerate the energy transformation that has been enacted since 2020 - 2050. The Jakarta Capital City projects to increase the capacity of surya panel installment reach up to 20 MW in 2025 and increase to 200 MW in 2050. Alongside with the solar panel project plan, Jakarta is also targeting to increase more of bio energy installment up to 35 MW in 2025 until 100 MW in 2050. This ambitious plan will be complying with other regulations including the Regional Development Short Term Development Plan (RPJMD) to increase the renewable energy utilisation in the city.

Secondly, the presentation was presented by Mr. Satya Widya Yudha as a representative from Dewan Energi Nasional (DEN) Indonesia. He presented the insights regarding the “Utilizing The Renewable Energy demand for Sustainable Growth” from association perspectives. In his presentation, He highly encouraged the participation of private sectors to accelerate Jakarta’s ambitious plan in utilizing renewable energy and move forward to a greener environment. 

Aside from that, Mr. Satya stated that the trend of renewable energy transition is currently in high demand especially for solar panel development and electrification vehicles sectors since 2016 until now. He also projected that renewable energy development will show a massive growth onwards especially in Southeast Asia, including in Indonesia. In addition, it is necessary for the government to collaborate and initiate more of the partnership with the public sectors due almost 70% of the renewables energy transition will be supported by the public sectors.

The discussion was also liven up by the presentation by Mr. Afifuddin Kalla. He brought up the topic “Navigating the Renewable Energy Investment Opportunity in Jakarta”. In his presentation, he told the audience that the most potential renewable energy sector to be developed, adjusting with Jakarta’s recent condition, is the Solar Panel Development. Representing KADIN DKI Jakarta, Mr. Afifuddin Kalla, the Vice Chairman for Energy and Public Works Jakarta Chamber of Commerce & Industry, he encourages the Jakarta Capital City to move forward in taking the energy transition plan into a realisation. 

Mr. Afif assessed that a number of incentives for developing NRE that have been provided by the government also provide advantages for potential investors. Some of them are tax allowance (reduction of corporate tax for 6 years); import duty facility (free import tax for goods supporting the EBT project); and tax holiday (tax forgiveness for 5-10 years).

Alongside all the presentations presented by all panelists, the Jakarta Capital City Government has announced to invite all participants along with all distinguished panelists to attend the next Jakarta Investment Forum (JIF) that will be held on the next August 2022. This forum provides a platform and open for potential investors to meet directly with BUMD project owners and the Regional Apparatus Organizations (OPD) to explore various potential green projects in Jakarta #RoadtoJIF2022.


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