Indonesia Power Industry Overview
The Indonesian power market is moderately consolidated. Some of the major players involved in the market (in no particular order) include PT Perusahaan Listrik Negara, CanadianSolar Inc., PT PP Persero Tbk, BCPG Public Company Limited, and Sindicatum Renewable Energy Company Pte Ltd., among others.
PT Perusahaan Listrik Negara aims to produce 23% of its electricity through renewable energy sources by 2025. Thus, to achieve this, the company has laid out plans for co-firing biomass in its coal power plants to generate electricity and consequently increase its share of clean energy.
Due to the monopoly on the country's electric sector, the company has a strong market position enabling it to work with some of the biggest electricity power generation companies worldwide. This gives the company a strong competitive edge compared to other market players in the country.
For instance, in November 2022, the company signed a memorandum of understanding (MoU) with Mitsubishi Heavy Industries to perform feasibility studies of co-firing 100% biomass in its coal power plants. Moreover, the MoU further includes developing efficient techniques for biomass energy generation. These collaborations with leading global players maintain the company's strong position in the market.
Indonesia Power Market Leaders
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Sindicatum Renewable Energy Company Pte Ltd
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CanadianSolar Inc.
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PT Perusahaan Listrik Negara
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BCPG Public Company Limited
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PT PP Persero Tbk
- *Disclaimer: Major Players sorted in no particular order
