Breaking News

Indonesia’s Economic Resilience: A Positive Climate for Investors
20 December 2024

Java Priority Train Launched for the Holidays
20 December 2024

Indonesian Immigration Breaks Revenue Records with Surging Visa Applications
19 December 2024

Exciting Events in Indonesia for the Holiday Season
18 December 2024

Extreme Weather Looms Over Holiday Season, Mitigation in Place
17 December 2024

More Than 100 Million Travelers Expected for Year-End Holidays
17 December 2024

12 Percent VAT Introduced in January 2025, Key Exemptions Detailed
16 December 2024

Indonesia Aims to Build National MMA Training Camp
16 December 2024

Indonesia Aims to Become World Cultural Center
15 December 2024

Capital Moves to IKN: Jakarta’s Property Remains Optimistic
13 December 2024

ESDM: Indonesia’s Energy Market is Still Interesting

According to report from Kompas, the Minister of Energy and Mineral Resources (ESDM) has reiterated that Indonesia is still an attractive market share for investors, especially in the energy sector.

At the side event of the B20 Summit forum, Signing Agreement B20 Task Force, Sustainability & Climate Business Action, Arifin witnessed the signing of Memorandum of Understanding (MoU) of several business players (B to B) in the energy sector.”

The signing of this MoU is an important moment, because it shows a willingness to realize investment in Indonesia, and shows how Indonesia is a country that is still attractive to investors,” Arifin said in a press release, Tuesday (15 /11/2022).

Arifin said that Indonesia has the potential of energy resources and natural resources that are very abundant and diverse, but still cannot be utilized optimally. Given the limited access to technology and finance to manage it, report Kompas.

Arifin also said that by setting a target of Net Zero Emissions (NZE) in 2060, Indonesia would need a very large investment. In fact, Indonesia has made a roadmap in stages up to 2060 to achieve the NZE target.

He added, the government had carried out regulatory reforms to create a more conducive investment ecosystem, such as simplifying licensing and investment requirements. “Incoming investment will have an impact on creating jobs, increasing economic growth, and increasing technological development,” he stressed.

Kompas report that several agreements were signed including:

  • The MoU on Development of a Clean Ammonia and Hydrogen Value Chain, between PT Pertamina (Persero) and Saudi Aramco.
  • The Definitive Cooperation Agreement Pomalaa High Pressure Acid Leach (HPAL) Project between PT Vale Indonesia and Zhejiang Huanyo Cobalt Ltd.
  • The MoU Acceleration of Clean Energy Related Projects between PT Pertamina (Persero) and the Japan Bank for International Cooperation.
  • The Gas, LNG and Company Capacity Building MoU between PT Pertamina Gas Negara and Botas.
  • The MoU Accelerating of Battery Energy Storage System (BESS) Application on Transportation Modes between Indonesia Battery Corporation and Contemporary Amprex Technology

    Source: Kompas

Latest Article
Indonesia’s Economic Resilience: A Positive Climate for Investors
During a media briefing on Tuesday (December 17, 2024), Mustofa, the President Director of KISI Asset...
Java Priority Train Launched for the Holidays
Hendy Helmi, President Director of Indonesia’s state railway operator’s tourism subsidiary, KAI...
Indonesian Immigration Breaks Revenue Records with Surging Visa Applications
The Directorate General of Immigration has set an all-time record for Non-Tax State Revenue, reaching...
Exciting Events in Indonesia for the Holiday Season
As the Christmas 2024 and New Year 2025 holiday season approaches, Indonesia is gearing up to host a...
Extreme Weather Looms Over Holiday Season, Mitigation in Place
The Meteorology, Climatology, and Geophysics Agency (BMKG) has urged the public to remain vigilant about...

Expat Indonesia is driven by Seven Stones Indonesia, a customer-centric company that believes in being authentic to deliver value to, and for, all stakeholders, to boost business growth and prosperity in Indonesia.

Instagram Facebook Linkedin Twitter

Write for Us

Write Now

Navigation

Copyright © 2022 expatindonesia.id | All Rights Reserved.

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Contact Our Consultants

[wpforms id=”43785″]

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.