Energy Transition Mechanism Partnership Trust Fund

ETMPTF

This project mobilizes resources for the Energy Transition Mechanism (ETM), a regional, transformative program that uses blended finance to accelerate the retirement of fossil-fueled power plants and replace them with clean power. ETM is one of several initiatives to help Asia and the Pacific mitigate the worst climate change impacts.organisations of IKI projects in Indonesia.

Project Overview

Duration

Regional TA: 12.07.2021–30.06.2025, Cirebon: 08.12.2022–08.12.2047

Country

Indonesia

Project Sites

⦁ Indonesia (for Accelerating the Clean Energy Transition in Southeast Asia—Regional Technical Assistance (TA) Project)
⦁ Cirebon, West Java (for Indonesia: Cirebon Energy Transition Mechanism Pilot Project)

Implementing organisations

Asian Development Bank

Implementing / consortium partners

Sponsors of Cirebon Electric Power:
⦁ Marubeni Corporation (Marubeni)
⦁ Korea Midland Power Co., Ltd. (Komipo)
⦁ ST International Corporation(ST International)
⦁ PT Indika Inti Energy (Indika)

⦁ Ministry of Finance Fiscal Policy Agency (BKF), DG of Fiscal Policy Unit

⦁ Ministry of Energy and Mineral Resources, Secretary General

⦁ Ministry of State-Owned Enterprises, Vice Minister II

⦁ Coordinating Ministry for Maritime Affairs and Investment, Deputy Minister

⦁ PT Sarana Multi Infrastruktur (Persero), Risk Management Director

 

In Indonesia, the ETMPTF has supported studies on the impacts of pursuing net-zero emissions, including coal power plant retirement, in the Java-Bali and Sumatra power systems. Results of these studies can be considered in the ongoing update of the PT Perusahaan Listrik Negara (PT PLN) Electricity Supply Business Plan (RUPTL) 2021–2030.
Overall, these ETMPTF projects can become a knowledge resource for policy development and implementation in Indonesia based on lessons learned from the early retirement of Cirebon 1 and studies related to carbon crediting, just transition, and environmental and social safeguards. These areas align with the Government of Germany’s aim of supporting a just energy transition in Indonesia.

Relevant Links: https://www.international-climate-initiative.com/PROJECT1855-1

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Ongoing
Bilateral Project
Mitigation
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