On 14 October 2016, Indonesia's president, Jokowi, installed Ignasius Jonan as the new energy minister, with Arcandra Tahar as the energy vice minister. Shortly after the appointment, Jonan announced his key priority areas for the Indonesian energy sector, which includes expediting the 35 GW power programme.
However, in November, Jonan lowered the completion target of the mega power programme, from 35 GW to 19.7 GW by 2019 (56% of the initial target). The lack of progress and existing challenges such as land indemnification and slow permitting process were cited as the drivers of the downward revision. We consider the revised target as more realistic and more aligned with our view on Indonesia's new power capacity requirement within the next five years.
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Commodity market report | Dec 2016
Modest progress towards ambitious goal: Indonesia power and renewable markets H2 2016 summary
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