Indonesia's new SOE scheme puts focus on coal phasedown

Investors skeptical over potential cost of deal amid broader clean energy push

20221028 coal

Indonesian state electricity utility Perusahaan Listrik Negara plans to sell some of its aging coal-fired power plants. (Photo courtesy of Perusahaan Listrik Negara).

ERWIDA MAULIA, Nikkei staff writer

JAKARTA -- Indonesia believes it has found a way to speed up plans to decarbonize its economy -- having state-owned enterprises employ an innovative financing scheme that the Asian Development Bank is touting as a model for much of Southeast Asia.

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