Minister of Energy and Mineral Resources Bahlil Lahadalia has stated that the implementation of the 2025-2034 Electricity Supply Business Plan (RUPTL) has the potential to generate significant investment opportunities, particularly in the renewable energy sector, with an estimated total investment opportunity of IDR 2,967.4 trillion. The renewable energy sector investment is divided into three main categories: the generation sector, with an estimated investment of IDR 2,133.7 trillion; the transmission network development sector, with an estimated investment of IDR 565.3 trillion; and other supporting sectors, with an estimated investment of IDR 268.4 trillion. It is anticipated that 73% of generation investment will be undertaken by the private sector through the Independent Power Producer (IPP) scheme, with the remainder being handled by PLN. Bahlil has stated that this investment opportunity will generate 1.7 million jobs.
This investment potential aligns with the government's commitment to promoting the energy transition by increasing the share of renewable energy in the national electricity system. The target for additional generating capacity, as outlined in the 2025-2034 RUPTL, is 69.5 gigawatts, with a portion of renewable energy set at 42.6 gigawatts, an energy storage system capacity of 10.3 gigawatts, and fossil energy at 16.6 gigawatts. The construction of the plant is planned in two phases. Over the first five-year period, the composition of the plant is as follows: 44% renewable energy, 45% fossil fuels and 11% storage. In the second phase, the proportion of renewable energy increases to 73%, while the use of fossil fuels is reduced to 10%.
