Mitsubishi Heavy Industries Engineering to be Integrated into MHI JCN Newswire

Mitsubishi Heavy Industries Engineering to be Integrated into MHI

November 30, 2022
TOKYO, Nov 30, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) and Mitsubishi Heavy Industries Engineering, Ltd. (MHIENG) have agreed to integrate the business operations of MHIENG with those of MHI effective April 1, 2023. Under an absorption-type split arrangement, operations currently conducted by MHIENG will be taken over by MHI and placed under the direct management of MHI's president and CEO. The integration of MHIENG into MHI will further accelerate the "Energy Transition" that serves as one of MHI Group's central growth engines.In its 2021 Medium-Term Business Plan released in October 2020, MHI Group announced plans to substantially increase its corporate value by 2030 with "Energy Transition" and "Smart Infrastructure (New Mobility & Logistics)" serving as the Company's two growth engines. In striving to strengthen its Energy Transition business, development of a CO2 solutions ecosystem is a component of major importance. Today, carbon capture, utilization and storage (CCUS) is garnering attention as an effective means for realizing a carbon neutral society. Also, ammonia is recognized to be effective both as a fuel for ships and thermal power plants, where its usage results in reduced carbon emissions, and as a means for transporting hydrogen, and the market for ammonia is expected to grow sharply in the coming years. In response, MHI is now pursuing a broad array of initiatives for establishing markets for carbon-free hydrogen and ammonia, including development of a hydrogen ecosystem and partnering with external incubation investments. The Company is also fortifying its capabilities in integrating multiple product areas.MHIENG was launched in January 2018 as an MHI Group company. Today it provides world-class technologies in the engineering, manufacture, procurement, construction, marketing and after-sale servicing of chemical plants, transportation systems, carbon capture systems, etc. Furthermore, besides its prowess in carbon capture technologies, MHIENG has abundant experience in applications involving ammonia and hydrogen. Following its integration into MHI, MHIENG's project management capabilities in chemical plants and transportation systems, together with its core technologies in value chain development, will be organically combined with MHI's technologies. The resulting comprehensive capabilities will further accelerate MHI Group's solutions businesses in both Energy Transition and New Mobility & Logistics.Through the forthcoming integration, MHI Group will further contribute to making effective use of resources and reducing environmental impacts, continuing the challenge to achieve a carbon neutral society.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Pertamina to balance energy transition, security in net zero push ACN Newswire

Pertamina to balance energy transition, security in net zero push

November 17, 2022
JAKARTA, Nov 17, 2022 - (ACN Newswire via SEAPRWire.com) - The energy transition process must take place in order to maintain sustainability, chair of the Energy, Sustainability, and Climate Business 20 (TF ESC-B20) Task Force, Nicke Widyawati, has said.Chair of Task Force Energy, Sustainability, and Climate B20, Nicke Widyawati, during the 4th Task Force Energy, Sustainability, and Cimate Call Meeting of B20 Indonesia 2022 held in Jakarta on Tuesday (May 24, 2022). (ANTARA/HO-Pertamina)During a "BloombergNEF (BNEF) Net Zero Summit" discussion initiated by the Coordinating Ministry for Maritime Affairs and Investment and the Asia Natural Gas and Energy Association (ANGEA), Widyawati, who is also the CEO and president director of state-owned energy company Pertamina, said that the energy transition process is a part of B20 activities.During the discussion, she emphasized that the energy transition cannot be achieved in a short time."The process requires various kinds of technology, costs, and human resources that can reach the standards of renewable energy," she explained.When the energy transition process occurs, the demand for energy will also increase, she pointed out. Thus, energy security on a large scale will need to be maintained.Widyawati then described several strategies carried out by Pertamina to overcome the challenges faced in balancing efforts to realize the energy transition for sustainability, including net zero emissions, with measures to maintain energy security."To achieve net zero emission (NZE) aspirations while maintaining energy security in Indonesia, Pertamina has developed some comprehensive strategies that are delivered through two main pillars and three medium-term strategies," she informed.The two main pillars are focusing on decarbonizing business activities and assets and developing new renewable green energy businesses.Meanwhile, the first of the three medium-term strategies carried out by Pertamina to support NZE realization involves developing its carbon accounting standards to meet national and international standards.The second strategy involves stakeholder engagement to fully support the achievement of national NZE targets, which will be supported by the company's long-term investments.The third strategy involves the company's environmentally friendly sustainability business initiatives that will focus on biofuels, renewable energy sources, carbon capture storage (CCS/CCUS), batteries and electric cars, hydrogen, as well as self-sustaining carbon businesses.Moreover, Pertamina has also developed a strategy to support the energy transition by allocating its capital expenditure (capex) for low emission energy and developing new renewable energy (NRE)."We have set a goal to increase the green business portion in Pertamina's revenue, which is from 5 percent in 2022 to 13 percent by 2030," Widyawati said while providing details on the company's share of capital costs for green energy.The company has also predicted that its fossil fuel revenues will decline significantly from 86 percent in 2022 to 66 percent by 2040.Furthermore, she highlighted that the goal of optimizing the capital allocation for green businesses has been coordinated by Pertamina with the government to ensure that the measures taken align with the national energy mix target for new renewable energy.To balance financing, Pertamina has also made a long-term investment strategy, which has included the allocation of 14 percent of its capex for green energy business activities.In addition, the company will continue to invest in fossil fuels and petrochemicals as the backbone of its current business in an effort to ensure that the energy transition process does not disrupt energy security.Apart from the capital investment strategy, Pertamina is also collaborating with various parties to accelerate the achievement of green energy targets.Contact: Heppy Wulansari, Pjs. Vice President Corporate Communication, PT Pertamina (Persero)Mobile: +62 811-296-949, Email: heppy@pertamina.com, URL: https://www.pertamina.comWritten by: Yuni Arisandy Sinaga, Editor: Sri Haryati (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Ahead of the G20 Summit, Coordinating Minister Luhut Officially Launch PLN’s FSPP in Nusa Dua Bali ACN Newswire

Ahead of the G20 Summit, Coordinating Minister Luhut Officially Launch PLN’s FSPP in Nusa Dua Bali

November 14, 2022
Nusa Dua, Bali, Nov 14, 2022 - (ACN Newswire via SEAPRWire.com) - The Coordinating Minister for Maritime Affairs and Investment of the Republic of Indonesia, Luhut Binsar Pandjaitan officially launch the Floating Solar Power Plant (FSPP) of the Muara Nusa Dua Reservoir owned by PLN Group on Friday (11/11). The presence of a new and renewable energy (NRE) based generator with a capacity of 100 kilowatt-peak (kWp) will also support the reliability of the electricity supply for the G20 Summit.President Director of PLN, Darmawan Prasodjo (L) sits next to the Indonesian Coordinating Minister for Maritime and Investment Affairs, Luhut B. PandjaitanThe launch of the Muara Nusa Dua FSPP was also attended by the Minister of Public Works and Public Housing of the Republic of Indonesia Basuki Hadimuljono and President Director of PLN Darmawan Prasodjo.Luhut said the construction of FSPP was a concrete manifestation of Indonesia's energy transition by intensively building EBT-based power plants. This is in line with Indonesia's commitment to reduce carbon emissions towards net zero emission in 2060."We will build a lot FSPP. This is just intermittent, for the baseload we have geothermal, hydro power, and various kinds. Indonesia has 437 gigawatts (GW) of EBT potential, there is still plenty of room to grow," Luhut said.President Director of PLN Darmawan Prasodjo said the FSPP Muara Nusa Dua Reservoir is not only for showcase the G20 Summit, but a symbol of no more energy dilemmas in the future also. This action can changes dirty energy to clean energy. It is need to be done immediately to shape a better global future with lower cost."Our efforts to reduce greenhouse gases are not only because of international agreements and policies, because we do really care," Darmawan said.He explained that the solar power plant (SPP) which consists of 228 solarcell panels has been completed and successfully tested early October through the Smart Grid innovation. This innovation is one of PLN's transformation programs that uses digital system technology to monitor and manage the supply of electrical energy according to load needs."Here the floating is domestically made, the frames are made within the country, all the equipment is domestic. In the future, there is still room for us to build national capacity," Darmawan said.Darmawan also emphasized PLN's commitment to the energy transition towards net zero emissions in 2060 by prioritizing the generous natural potential as well as driving the national economy. According to him, by using local products in power plant construction, Indonesia's economy can also be elevated."The energy transition requires more than USD 700 billion or Rp 10 thousand trillion. If it becomes the market share for foreign products, our economy will slow down, the job creation is not in Indonesia, but in other countries," said Darmawan.Through the subholding of PLN Indonesia Power, the company completed the FSPP Muara Nusa Dua Reservoir project in just 1.5 month. This FSPP was built on an area of 0.35 hectares or 1 percent of the area of the Muara Nusa Dua Reservoir.This project was assigned by the government on July 19, 2022. In September 2022, a number of works were carried out starting from the licensing process, construction to the first phase of synchronization. Muara Nusa Dua GSPP received an operation-worthy certificate (SLO) on October 28, 2022."This PLTS project is also a manifestation of the company's commitment to the principles of Environmental, Social and Governance (ESG) in creating sustainable economic development," he explained.Darmawan also expressed his appreciation to the stakeholders involved, both from the Coordinating Ministry, related ministries, the Governor of Bali and other parties who have actively contributed to the development of the SPP."PLN's responsibility is to provide electricity. However, in the future, with the energy transition, our main job is to take care of the environment, while electricity is our by product," concluded Darmawan.ContactGregorius Adi TriantoExecutive Vice President of Corporate Communications and TJSL PLNT: 021 7261122Source: PT. Perusahaan Listrik Negara (Persero) [IDX: PLN] Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Energy to provide world’s first SF6-free 420 kV gas-insulated switchgear technology at TenneT’s grid connection in Germany JCN Newswire

Hitachi Energy to provide world’s first SF6-free 420 kV gas-insulated switchgear technology at TenneT’s grid connection in Germany

November 11, 2022
ZURICH, SWITZERLAND, Nov 10, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy announced today it will provide the world's first sulfur hexafluoride (SF6) free 420-kilovolt (kV) gas-insulated switchgear (GIS) technology and a state-of-the-art modular prefabricated grid connection solution at a key node at TenneT's power grid in Germany, supporting the leading European grid operator to achieve its carbon neutrality goals.This project covers a major grid connection upgrade which significantly extends the operating life of existing power assets to ensure the longevity and continued efficiency of the existing power infrastructure. The global technology leader will deliver innovative EconiQ 420 kV(1) GIS that uses a game-changing technology that eliminates SF6 with reliable and scalable solutions for the lowest carbon footprint.TenneT is a major transmission system operator in the Netherlands and Germany, supplying power to some 42 million homes and businesses in both countries. The company aims to be a driving force behind the energy transition by investing in eco-efficient technologies to reduce greenhouse gas emissions. As a transmission system operator, TenneT is a key player on the historic path to a safe, reliable and carbon-free energy system.To support TenneT on its transition to SF6-free solutions, Hitachi Energy will contribute pioneering technologies, unique system integration capabilities, engineering expertise and extensive experience with local grid code requirements to strengthen the grid connection at the 220-megawatt (MW) Erzhausen pumped storage power plant near Hanover. This project uses Building Information Modeling, a consolidated and collaborative digital working method that allows decision-based 3D modeling and improves facility management via a digital twin for the life cycle of the power asset. The entire project will be completed in 2026.In this project, Hitachi Energy will install three bays of EconiQ 420 kV GIS to enable the transmission of large amounts of electricity over long distances while eliminating significant volumes of SF6. This eco-efficient innovation remains similar in size while being 100 percent as reliable as the conventional GIS solution based on SF6. This installation will effectively avoid the addition of nearly 2,300 kg of SF6, equivalent to removing the CO2 emissions of around 1,150(2) passenger vehicles per year."We are proud to collaborate with TenneT in their efforts to accelerate the energy transition and strengthen the power infrastructure in Germany," said Claudio Facchin, Chief Executive Officer of Hitachi Energy. "At Hitachi Energy, we are championing the urgen cy of the energy transition through innovation and collaboration. Through our modular prefabricated grid connections and EconiQ high-voltage switchgear technology, we are supporting our customers to reduce their carbon footprint and enabling a more sustainable, flexible and secure energy system."EconiQ(3) is Hitachi Energy's eco-efficient portfolio for sustainability, where products, services and solutions are proven to deliver exceptional environmental performance. Hitachi Energy has placed sustainability at the heart of its Purpose and is advancing a sustainable energy future for all. (1) bit.ly/3ULMmjW(2) Based on the assumption that a passenger vehicle emits 19 kg CO2 equivalent per 100 km and drives 10,000 km per year.(3) www.hitachienergy.com/sustainability/econiqAbout Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD. www.hitachienergy.comwww.linkedin.com/company/hitachienergy https://twitter.com/HitachiEnergyAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Energy and Equinor sign a strategic collaboration agreement to accelerate the energy transition JCN Newswire

Hitachi Energy and Equinor sign a strategic collaboration agreement to accelerate the energy transition

November 9, 2022
TOKYO, Nov 9, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has signed a strategic collaboration agreement with Equinor, one of the world's largest energy companies, to collaborate within electrification, renewable power generation and low-carbon initiatives worldwide.The agreement underlines both companies' commitment to accelerate the energy transition and advance a more sustainable, flexible and secure energy system. It builds on the two companies' long and successful collaboration over many decades. During that time, Hitachi Energy has provided Equinor with power grid solutions and pioneering technologies on several projects, such as Dogger Bank A, B and C, the world's largest offshore wind farm on completion, and Troll A, the world's first HVDC power-from-shore connection.Initial areas of focus for the collaboration include developing standardized base designs to be applied for high-voltage direct current (DC) and alternating current (AC) transmission systems to connect offshore wind farms and Equinor production facilities to mainland power grids."We are delighted to deepen our longstanding relationship with one of the world's leading energy companies and to help Equinor achieve its ambition of becoming net zero by mid- century," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "Together we make a strong team that will support the society to reach the goal of the Paris Agreement and create a sustainable energy future for all.""Hitachi Energy has been a reliable supplier to Equinor for many years. This strategic collaboration agreement is a signal of joint ambitions to increase our competitiveness in the ongoing energy transition. Standardization of technical solutions will be a key to succeed, and we look forward to improving together with Hitachi Energy," said Geir Tungesvik, Executive Vice President for Projects, Drilling and Procurement at Equinor.The scope of the agreement covers the complete spectrum of Hitachi Energy's portfolio of power grid technologies and solutions. It includes IdentiQTM, Hitachi Energy's digital twin for high-voltage direct current (HVDC) and power quality solutions, which provides significant benefits throughout the assets' plan, build, operate and maintain life cycle; Grid-eXpandTM modular and prefabricated offshore and onshore grid connections that make it faster, simpler and more efficient to connect facilities to the grid; OceaniQTM solutions such as transformers and high-voltage products that can operate flawlessly on land, offshore and below the sea surface; and grid automation solutions that keep onshore and offshore electrical assets operating reliably, safely and securely.Hitachi Energy's HVDC solution combines world-leading expertise in HVDC converter valves; the MACH digital control platform(1), converter power transformers and high-voltage switchgear; as well as system studies, design and engineering, supply, installation supervision and commissioning.HVDC Light is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power-from-shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.(1) Modular Advanced Control for HVDC (MACH)HVDC website: www.hitachienergy.com/offering/product-and-system/hvdcAbout Hitachi Energy Ltd.Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 40,000 people in 90 countries and generate business volumes of approximately $10 billion USD.www.hitachienergy.comwww.linkedin.com/company/hitachienergyhttps://twitter.com/HitachiEnergyAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at www.hitachi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Pertamina develops green business to support emission reduction ACN Newswire

Pertamina develops green business to support emission reduction

November 9, 2022
JAKARTA, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina develops a number of green business initiatives to support Indonesia's goal to achieve net zero emission by 2060.CEO of PT Pertamina Power Indonesia Dannif Danusaputro (ANTARA/HO-Humas PT Pertamina)The company has been investing in biofuels, renewable energy, carbon capture, utilization and storage, battery and electric vehicles, hydrogen as well as the carbon business."Pertamina is committed to supporting the Indonesia government's commitment to achieve net zero by 2060 or sooner. Therefore, our business strategy consists of two pillars, namely decarbonizing our core business and developing a green business," CEO of Pertamina Power Indonesia Dannif Danusaputro stated at the Indonesia Pavilion at COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).He explained that Pertamina committed to allocating 14 percent of the projected 2022-2060 capital expenditure of US$70-80 billion US for the development of clean, new and renewable energy (NRE).This commitment is in line with efforts to use domestic resources to supply domestic energy towards green development and decarbonization.Pertamina also builds an integrated oil and gas supply chain to supply domestic needs and actively builds NRE portfolio using domestic resources.The company will develop a greener energy mix by reducing the share of refined products and LPG from 81 percent to 61 percent, increasing the share of gas from three percent to 19 percent and increasing the share of NRE from one percent to 17 percent.Considering a large investment required for the development of green business and clean technology to support the energy transition, Pertamina cooperates with national and global partners to explore partnerships in decarbonization programs, green businesses as well as accelerate the growth of EBT to achieve net zero emissions.Banks can also invest in these green business initiatives.The affordability of the clean energy transition will depend on reducing costs and increasing the availability of capital," Danusaputro said.In order to support the energy transition in Indonesia, Pertamina is also optimizing the potential and increasing the installed capacity of NRE where the company has pioneered the use of NRE in Indonesia with a total capacity of 60 GW by 2060.Pertamina will also commercialize green and blue hydrogen and take a strategic role in Indonesia's integrated battery and energy storage ecosystem through the development of the battery-powered electric vehicle industry in collaboration with several state-owned companies.In addition, Pertamina is making efforts to increase refinery capacity to produce green fuel. Through several processes at the green refinery, Pertamina produces high-quality and more environmentally friendly fuel derived from palm oil including biodiesel, green diesel, green avtur and green gasoline.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Long list achievement of PLN enabling energy transition in Indonesia ACN Newswire

Long list achievement of PLN enabling energy transition in Indonesia

November 2, 2022
JAKARTA, Nov 2, 2022 - (ACN Newswire via SEAPRWire.com) - PT PLN (Persero) committed to achieve net zero emission in 2060. To date, several positive achievements has been taken as an effort to support clean energy.President Director PLN Darmawan Prasodjo explained, PLN has launched a CFPP (PLTU) retirement roadmap of 6.7 Gigawatt (GW), which consists of 3.2 GW natural retirement based on the economic life of Coal Fired Power Plant and 3.5 GW conditional early retirement in 2040.In addition to early retirement, PLN has decreased the capacity of CFPP at Corporate plan (RUPTL) from 27 GW to 13.9 GW. "Us, in PLN committed to support government's program to actualized clean energy. By that, PLN takes a quick step." said Darmawan on Energy Transition Day in Nusa Dua, Bali on Tuesday (1/11).One of PLN's efforts to decrease coal usage on its power plant is to implement biomass co-firing. This scheme has been implemented at 33 coal fired power plants since 2021, which have successfully reduced 656 kton CO2 emission (as of September 2022).Co-firing scheme with hydrogen and ammonia are also in process of implementation. Currently there are 3 pilot project of co-firing hydrogen and ammonia with 3 different partnerships.PLN is also looking to study the possibility of impelementing Carbon Capture and Storage (CCS) to enable emission abatemement in thermal power plants. In this development, PLN collaborate with 3 partners namely: Institut Teknologi Bandung (ITB), Inpex and Medco Energi.PLN also accelerate the new and renewable (NRE) power plant development. In the RUPTL 2021-2030, PLN has planned an additional NRE capacity of 20.9 GW - equal to 51.6 percent of total new power plant capacity.To increase system efficiency, PLN is developing Smart Grid technology. This system will increase efficiency in the power generation, transmission and distribution, hence reducing emission through digitalization in every PLN business process line.Furthermore, PLN alao enables stakeholder to decarbonize their Scope 2 emissions through Green Energy as-a-service offering, which consists of Green Energy dedicated from specific renewables plant as well as Renewable Energy Certificate (REC). Since 2021, PLN has delivered ~1.5 TWh of green energy to +230 stakeholders such as SOEs, Government, Business, and Industry players.Moreover, PLN continues to develop the electric vehicle (EV) ecosystem to allow decarbonization of the transport sector. PLN has developed 240 Public Charging Stations (SPKLU) nationally. PLN has also onboarded 15 partners into PLN's EV ecosystem, ready to collaborate in accelerating the charging infrastructure expansion."The hard work that PLN doing today is not solely for this generation, but also for our grandchild's generation. Therefore, PLN invites all parties to collaborate in this energy transition." Said Darmawan. About PLNPT PLN (Persero) is a state-owned electricity company that continues to commit and innovate to carry out a great mission to illuminate and move the country. Having a vision to become a leading power company in Southeast Asia, PLN is moving to be the customer's number 1 choice for Energy Solutions. PLN carries the Transformation agenda with the aspirations of Green, Lean, Innovative, and Customer Focused to bring electricity for a Better Life. PLN can be contacted through the PLN Mobile application available on the PlayStore or AppStore. https://web.pln.co.id/ Contact:Gregorius Adi TriantoExecutive Vice President of Corporate Communications and TJSL PLNTEL: 021 7261122 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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MHI and Institut Teknologi Bandung Launch Joint R&D for Ammonia-Fired Power Generation Using Gas Turbines in Indonesia JCN Newswire

MHI and Institut Teknologi Bandung Launch Joint R&D for Ammonia-Fired Power Generation Using Gas Turbines in Indonesia

September 28, 2022
TOKYO, Sep 28, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has concluded an agreement with Indonesia's Institut Teknologi Bandung (ITB) to conduct joint research and development of ammonia-fired power generation by gas turbine. MHI and ITB have already been undertaking joint research on a variety of clean energy solutions to help Indonesia achieve decarbonization. As part of that ongoing initiative, this new research will apply ITB's expertise in chemical reaction engineering to optimize power generation using ammonia fuel. Following demonstration testing with MHI's H-25 gas turbine, the R&D partners will work towards commercial application of ammonia-fired power generation in Indonesia.[Pictured from left to right] Junichiro Masada (Senior Fellow and Senior General Manager, Energy Transition Division/MHI), Prof. I Gede Wenten (Vice Rector/ITB) and Dr. Yuli Setyo Indartono (Chairman of Institute for Research and Community Services/ITB) at signing of agreement on Joint R&D for Ammonia-Fired Power Generation Using Gas Turbines in IndonesiaIn 2020, MHI and ITB concluded a memorandum of understanding (MOU) for joint research on next-generation clean energy solutions and analysis of big data relating to power plants. In February 2022, the two partners agreed to a five-year extension of the MOU, continuing the collaboration to develop technologies that will accelerate decarbonization in Indonesia. Now, under the same MOU, joint R&D on ammonia-fired power generation will be conducted using facilities at ITB, with three overarching aims: to promote technology development between Japan and Indonesia; to foster technological and personnel exchanges with ITB's educators and research team members; and to advance the adoption of clean energies in Indonesia.A signing ceremony for the new agreement took place in Tokyo on September 26 at the 2nd Asia Green Growth Partnership Ministerial Meeting (AGGPM), which was held under the auspices of Japan's Ministry of Economy, Trade and Industry (METI). ITB Vice Rector, Prof. I Gede Wenten, shared his thoughts on the new cooperative undertaking: "The energy transition plays an important role in reducing global greenhouse gas emissions, and in the long term, will affect the reduction of global warming or climate change. This research collaboration between ITB and MHI focuses on the use of NH3 in power generation, greater adoption of which will help reduce the use of coal. In the long term, production of NH3 will hopefully comprise more green NH3 that uses renewable energy. I hope this joint R&D will have a positive impact on efforts to make a sustainable energy transition."Junichiro Masada, Senior Fellow and Senior General Manager of MHI's Energy Transition Division, expressed his positive expectations of the project: "By combining MHI's extensive technological capabilities in power generation with ITB's profound, highly specialized expertise and strong knowledge of conditions in Indonesia, I am confident that truly innovative research in clean energy technologies will result from this collaboration. Working closely with ITB will surely give rise to new ideas and drive the energy transition in Indonesia forward."Under the 2020 MOU targeting decarbonization of Indonesia's energy sector concluded between MHI and ITB, an institution that has produced numerous distinguished members of Indonesia's governmental, academic and financial realms, joint feasibility studies have been performed not only on emerging energy sources such as hydrogen and ammonia, but also on air quality control systems (AQCS) and microgrid solutions. To train engineers who will contribute to Indonesia's future, MHI and ITB have also conducted joint lectures on topics ranging from big data analysis to biomass energy, integrated coal gasification combined cycle (IGCC) systems, hydrogen usage and AQCS development.The newly concluded MOU comes at a time when Indonesia is ramping up efforts to decarbonize its energy sector, demonstrated by its officially announced commitments to achieve 23% renewable energy use by 2025 and reduce the nation's greenhouse gas emissions by 29% by 2030. Going forward, MHI, with support from its power solutions brand, Mitsubishi Power, looks to make further contributions to Indonesia's scientific and technological development, as well as to stabilization of its power supplies and protection of its environment.About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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MHI Finalizes Terms of First Transition Bond Issuance JCN Newswire

MHI Finalizes Terms of First Transition Bond Issuance

September 2, 2022
TOKYO, Sep 2, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) has finalized the issuance terms of the transition bond being issued today via public offering in the domestic market, as announced in the Company's press release of August 5, 2022.The issuance is based on MHI's selection as a model example for the "2021 Climate Transition Finance Model Projects"* being supported by the Ministry of Economy, Trade and Industry (METI), as announced in the Company's press release of March 18, 2022. One of the unique features of this model example is that MHI not only plans to achieve emission reductions from its own economic activities, but will also attempt to enable the realization of transition strategies of other parties through its products and services.Through issuance of its first transition bond, MHI looks to diversify its fund procurement methods and achieve its target of carbon neutrality by 2040.*Projects supported by METI which provide information on and reduce the assessment costs of examples that are deemed to have model qualities for promoting the spread of transition finance. Examples that conform to the "Basic Guidelines on Climate Transition Finance," formulated by the Ministry of the Environment (MOE) and the Financial Services Agency (FSA), and have model qualities are selected as model examples. For further information: bit.ly/3RgPNh5About MHI GroupMitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, smart infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on spectra.mhi.com. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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MHI to Issue its First Transition Bond JCN Newswire

MHI to Issue its First Transition Bond

August 5, 2022
TOKYO, Aug 5, 2022 - (JCN Newswire via SEAPRWire.com) - Mitsubishi Heavy Industries, Ltd. (MHI) today submitted a revised shelf registration statement to the Kanto Local Finance Bureau in preparation for planned issuance of a transition bond in the Japanese market. The issuance will be undertaken to raise funds for allocation to diverse initiatives toward achieving carbon neutrality.The planned issuance is based on MHI's selection as a model example of the "2021 Climate Transition Finance Model Projects" being supported by the Ministry of Economy, Trade and Industry (METI), as announced in the Company's press release of March 18, 2022. One of the unique features of this model example is that MHI not only plans to achieve emission reduction from the economic activities of itself but also attempts to enable the realization of transition strategies of other parties through its products and services. Through issuance of its first transition bond, MHI looks to diversify its fund procurement methods and achieve its target of carbon neutrality by 2040.For more information visit https://www.mhi.com/news/22080502.html. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Hitachi Energy Supports Huge Step in Germany’s Energy Transition JCN Newswire

Hitachi Energy Supports Huge Step in Germany’s Energy Transition

August 4, 2022
ZURICH, SWITZERLAND, Aug 4, 2022 - (JCN Newswire via SEAPRWire.com) - Hitachi Energy, a global technology leader that is advancing a sustainable energy future for all, today announced it has won a major order from TenneT and TransnetBW, two of Germany's four transmission system operators, to supply a transmission solution for the SuedLink DC4 high-voltage direct current (HVDC) interconnection between the north and south of the country.SuedLink DC4 is one of the most important power grid and energy transition projects in Germany. It will play a crucial role in Germany's energy transition, enabling a reduction in the use of fossil fuels and helping the country achieve carbon neutrality by 2045.(1)Using Hitachi Energy's HVDC Light technology, SuedLink DC4 will transfer up to 2,000 megawatts of emission-free electricity, enough to power 5 million German households.(2) The link will efficiently transmit electricity for 550 kilometers underground, at +/= 525 kilovolts, sending wind power from the north to the industrial south, or alternatively solar power from the south to the north when needed."We are proud to play a crucial role in this very important investment in Germany's transition to renewable energy and carbon neutrality," said Niklas Persson, Managing Director of Hitachi Energy's Grid Integration business. "HVDC Light is the enabling technology for large-scale transfers of renewable energy, both onshore and offshore.""SuedLink will form the backbone of the energy transition in Germany. With the award of the DC4 high-voltage direct current system to Hitachi Energy, we are now moving towards the realization of this important power link," says Tim Meyerjurgens, Chief Operations Officer of TenneT.SuedLink DC4 transmits electricity between Wilster in the north and Bergrheinfeld in the south.Hitachi Energy will supply an HVDC Light converter station at each end of SuedLink DC4 to convert AC power from the transmitting grid to DC for delivery through the link, and back to AC for transfer to the receiving grid. The contract includes three cable section stations to speed up fault detection in the link.As part of its long-term commitment to Germany's energy transition, Hitachi Energy has recently won or completed orders for solutions that integrate large-scale renewables(3). These include the converter stations for the NordLink(4) HVDC interconnector between Germany and Norway, the converter stations for the connection of the 900-megawatt DolWin5(5) offshore wind farm in the German North Sea, the Kriegers Flak Combined Grid Solution(6) which connects the German power grids with two offshore wind farms in the Baltic Sea and Denmark, and power quality solutions to enable more renewable energy to flow from north to south Germany.Note:Hitachi Energy's HVDC solution combines world-leading expertise in HVDC converter valves, the MACH digital control platform(5), which enables renewables integration and manages voltage and frequency disturbances in the grid; converter power transformers and high-voltage switchgear, as well as in system studies, design and engineering, supply, installation supervision and commissioning.HVDC Light is a voltage source converter technology developed by Hitachi Energy. It is the preferred technology for many grid applications, including interconnecting countries, integrating renewables and "power-from-shore" connections to offshore production facilities. HVDC Light's defining features include uniquely compact converter stations and exceptionally low electrical losses.Hitachi Energy pioneered commercial HVDC technology almost 70 years ago and has delivered more than half of the world's HVDC projects.(1) Climate Change Act: climate neutrality by 2045. (bundesregierung.de)(2) Suedlink - TenneT(3) Hitachi Energy HVDC projects in Germany(4) NordLink(5) DolWin5 | Hitachi Energy(6) Kriegers Flak Combined Grid Solutions (KF CGS) HVDC | Hitachi Energy(7) Modular Advanced Control for HVDC (MACH)HVDC website:https://www.hitachienergy.com/offering/product-and-system/hvdcAbout Hitachi EnergyHitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world's energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD. https://www.hitachienergy.comhttps://www.linkedin.com/company/hitachienergy https://twitter.com/HitachiEnergyAbout Hitachi, Ltd.Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers' and society's challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company's consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billion yen ($84,136 million USD), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company's website at https://www.hitachi.com.For more information, visit www.hitachi.com/New/cnews/month/2022/08/220804b.pdf. Copyright 2022 JCN Newswire. All rights reserved. (via SEAPRWire)
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Integrated “Future Energy Asia” and “Future Mobility Asia” Exhibition and Summit To Drive Forward ASEAN Energy Transition and Clean Mobility Transformation ACN Newswire

Integrated “Future Energy Asia” and “Future Mobility Asia” Exhibition and Summit To Drive Forward ASEAN Energy Transition and Clean Mobility Transformation

July 18, 2022
BANGKOK, Jul 18, 2022 - (ACN Newswire via SEAPRWire.com) - Endorsed and hosted by Thailand's Ministry of Energy, under the patronage of H.E. Supattanapong Punmeechaow, Deputy Prime Minister of Thailand, the world's largest organiser of energy exhibitions and conferences, dmg events, presents Future Energy Asia and Future Mobility Asia. The combination of events are dedicated to accelerating ASEAN's energy transition and clean mobility missions and will be held from 20 to 22 July 2022, at the Bangkok International Trade & Exhibition Centre (BITEC), Bangkok..An International Renewable Energy Agency (IRENA) report estimates that by 2025, around 20% of vehicles in Southeast Asia will be electric, with around 59 million two- to three- wheelers and 8.9 million four-wheel vehicles(1). Coupled with an expected 60% increase in energy demand by 2040 due to rapid economic growth(2), Southeast Asia represents a market with opportunities for robust multi-billion investments. Strategically positioned in Southeast Asia, and having the strongest presence in automotive sector in the region, Thailand provides an ideal venue for the co-located events of Future Energy Asia and Future Mobility Asia 2022."On behalf of the Ministry of Energy of Thailand, we are pleased to inform you that we welcome the FEA 2022 to convene once again in Bangkok together with the FMA 2022. For this, we officially support both FEA 2022 and FMA 2022 events," said Mr Kulit Sombatsiri, Permanent Secretary, Thailand Ministry of Energy."It is a great pleasure for PTT to co-host Future Energy Asia Exhibition and Summit 2022. We are delighted to welcome the industry colleagues back to Bangkok this July 20-22 in person, to connect and explore business partnerships. Established as the platform meeting points for companies and professionals in the energy industry, Future Energy Asia will present ample opportunities for you to engage in meaningful dialogues, forge partnerships and contribute to the region's energy transition developments," said Auttapol Rerkpiboon, President & CEO, PTT.This unified platform, with product and solution showcases, impactful dialogues, and networking opportunities, supports the energy and mobility transitions towards a cleaner sustainable pathway. Future Energy Asia, as a leading energy transition exhibition and summit, gathers top-level stakeholders of gas, LNG, and renewables sectors whilst Future Mobility Asia represents a comprehensive showcase of clean transport mobility concepts, technologies, and innovations. More than 10,000 energy and mobility professionals from over 50 countries will convene at the event.Future Energy Asia and Future Mobility Asia are organised by dmg events, the organisers of Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC) and Gastech, the world's largest, most important, and influential events for the oil and gas industry, convening Ministers and industry CEOs. Annually, dmg events attract more than 425,000 visitors to a portfolio of 84 exhibitions each year.Event Highlightsa. Joint opening ceremony officiated by Deputy Prime Minister & Minister of Energy, the Kingdom of Thailand, Petroleum Authority of Thailand (PTT) CEO and PTT Exploration and Production (PTTEP) CEO, with a focus on the drive and efforts towards clean energy and mobility in Thailandb. Memorandum of Understanding (MOU) ceremony by the Thailand CCUS Technology Development Consortiumc. Dedicated strategic summit, technical sessions and exhibition showcase based on the theme "Hydrogen at the heart of energy transformation"d. Country spotlight sessions which delve into Indonesia, Thailand, the Philippines and Vietnam, the most active markets representing multi-billion investment opportunitiese. Highly anticipated regional event convening senior policymakers and industry CEOs across energy and clean mobility industries including:- Auttapol Rerkpiboon, CEO, PTT- Tengku Muhammad Taufik, President and Group Chief Executive Officer, PETRONAS- Dr. Twarath Sutabutr, Chief Inspector General, Ministry of Energy Thailand- Montri Rawanchaikul, Chief Executive Officer, PTTEP- Chanin Khaochan, Deputy Secretary General, Thailand Board of Investment (BOI)- Ranee Kositvanich, Deputy Governor of Fuel Management, EGAT- Joseph McMonigle, Secretary General of International Energy Forum (IEF)- Ir. Mohd Yusrizal bin Mohd Yusof, Managing Director, TNB Renewables- Nguyen Phuong Mai, Deputy Chief of the Office, Electricity and Renewable Energy Authority, Ministry of Industry and Trade (MOIT)- Anatol Feygin, Executive Vice President and Chief Commercial Officer, Cheniere Energy- Joseph T. Buckler, Senior Vice President, Global Sales and Business Development, Babcock & Wilcox- Isabel Chatterton, Asia Pacific Regional Head of Industry, Infrastructure & Natural Resources, International Finance Corporation (IFC)- Worachat Luxkanalode, Executive Director, Grab Thailand and Country Head, Grab Financial Group- Richard Hong, CEO, TUV SUD ASEAN- Kaushik Burman, Head of Global Business Development, Gogoro- Craig Knight, CEO, Hyzon Motors- Alfred Wong, Managing Director - Asia Pacific, Ballard Power Systems- Julien Perez, Strategy & Policy Vice President, OGCI- Dr. Akarin Suwannarat, Special Assistant to CEO & EVP, Energy Absolute PCLExhibitionFuture Energy Asia will showcase global products, solutions and technologies from top players in four industry zones of "Hydrogen", "Gas, LNG and Carbon Capture as low carbon solutions", "Grid technologies and digitalisation" and "Renewables (solar, wind, energy storage)".In Future Mobility Asia, participants will get access to the clean mobility value chain including passenger and commercial vehicle original equipment manufacturers (OEM), aftermarket suppliers, battery, energy storage, charging infrastructure providers and enabling technology.Participating companies include PTT, PTTEP, Cheniere, Dassault Systemes, SEA Electric, Babcock & Wilcox, EVIomo, Baker Hughes, Hexagon, Schneider Electric, Nogaholding, Zeiss and more.Strategic Summits & Technical ConferencesThe Future Energy Asia and Future Mobility Asia conferences feature three days of multi-stream strategic commercial and technical content with over 200 speakers from across the integrated energy and mobility value chain.With the theme "Decarbonising ASEAN's Energy Transition and Transformation", Future Energy Asia will advance the ASEAN region towards a secure, affordable and low-carbon energy future, in line with the net zero mission.Concurrently, Future Mobility Asia propels ASEAN's mobility towards an electric, autonomous, connected and shared future, placing ASEAN at the centre stage of global clean mobility dialogues and thought leadership. Exclusive to this event, executive committees made up of experts and policy makers representing the gas, LNG, renewables, power and mobility sector value chain shapes a world-class Future Energy Asia and Future Mobility Asia summit programmes which are relevant, practical and meaningful for industry practitioners."In Thailand, the Ministry of Energy is driving towards achieving two key goals; net zero by 2065, and 30% electric vehicles by 2030. These two objectives are inextricably linked and require transformative investment-backed actions across the entire value chain of energy and mobility. Other countries in ASEAN are following a similar path. Future Energy Asia and Future Mobility Asia are uniquely created, driven by these policy insights and operate to deliver a clear goal of connecting key decision makers, investors, developers to public and private sector technology, innovation, and solution partners," said Mel Lanvers-Shah, Vice President Asia, dmg events.About Future Energy AsiaOfficially hosted by the Ministry of Energy Thailand and co-hosted by PTT, Future Energy Asia Exhibition and Summit is the region's most important event convening Energy Ministers and industry CEOs who shape and drive the region's energy transition pathways. Co-located with Future Mobility Asia, the 4th edition of Future Energy Asia presents an inclusive platform for over 4,000 energy professionals across the gas, LNG, renewables and power sectors. The event allows key energy stakeholders, buyers and value chain players to network, showcase innovations and realise business partnerships. For more information, please visit https://www.futureenergyasia.com.Please follow us on social media for the latest information: Facebook: https://www.facebook.com/FutureEnergyAsia/ Linkedin: https://www.linkedin.com/showcase/future-energy-asia/About Future Mobility AsiaFuture Mobility Asia is presented as an integrated global exhibition and conference for all stakeholders of mobility driving forward a clean and autonomous mobility transformation in Asia. The event features an extensive display of road mobility technologies and innovations, and aims to converge more than 6,000 trade professionals, global technology thought leaders, ASEAN ministers, and transport fleet owners. Future Mobility Asia is an event organised by dmg events. For more information, please visit https://www.future-mobility.asiaPlease follow us on social media for the latest information:Facebook: https://www.facebook.com/FutureMobilityAsia/ LinkedIn: https://www.linkedin.com/company/fma-2022 Twitter: https://twitter.com/mobility_asiaYouTube: https://www.youtube.com/channel/UCkoFQ9-Gu-gbK60UbaRWb_wAbout dmg eventsdmg events is a leading organiser of face-to-face events and a publisher of trade magazines. We aim to keep businesses informed and connect them with relevant communities to create vibrant marketplaces and to accelerate their business through face-to-face events. dmg events organises more than 80 events across 25 countries, attracting over 425,000 attendees and delegates every year. The company's portfolio of products includes many industry-leading events in the energy, construction, hospitality & design, coatings, and transportation sectors. ADIPEC, Gastech, and EGYPS are the company's flagship energy events. For more information visit www.dmgevents.com.(1) bit.ly/3IMORO7(2) pwc.to/3yI7GNMMedia; please contact:Ms. Srisuput Siangyen and Ms. Utsanee Ua-ariyasup Mind PR Co., Ltd.Tel: 081 694-7807, 094 895-9969Email: srisuput@mind-pr.com, utsanee@mind-pr.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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Indonesia recommends Energy Transition Policies at B20 ESC Meeting ACN Newswire

Indonesia recommends Energy Transition Policies at B20 ESC Meeting

July 1, 2022
JAKARTA, Jul 1, 2022 - (ACN Newswire via SEAPRWire.com) - The B20 Energy, Sustainability, and Climate (ESC) Task Force has drafted recommendations and policy actions on global energy transition during the 5th call meeting that was held virtually on June 21, 2022.Deputy Chair of the Energy, Sustainability and Climate Task Force Agung Wicaksono speaks at the B20 Side Event: Energy, Sustainability & Climate Task Force, held virtually on Tuesday, June 21 (ANTARA/HO-PT Pertamina)According to the Task Force's deputy chair, Agung Wicaksono, the recommendations and policies have been intensively discussed by the members for the last five months, and the drafts mark the end of the journey of the planning process."It is truly an honor and privilege for me to convene the last Task Force Call Meeting today, and especially for all members who have been present to share their thoughts and bright ideas and dedicate themselves to the goal solutions of co-financing the global energy sustainability and climate change issues," Wicaksono said in a statement released Wednesday.On the same day during a side event held in Rome, Italy, Wicaksono also said that the Task Force had worked closely in advancing global cooperation, which is an important element in drafting policy recommendations."I believe our Task Force is one of the most anticipated and enthusiastic in this B20 event because up to this date, we have received more than hundreds comments and inputs from all of us. It is not an easy task to incorporate all valuable perspectives and ideas into the policy drafts," he added.The fifth draft is the result of a meticulous decision to accommodate, integrate, and simplify ideas so that they can be attainable."Furthermore, after the last meeting, we have also included the KPIs and SDGs monitoring, as well as the final policy drafts. However, we would like to inform you that this fifth draft cannot be altered substantially," Wicaksono said.Meanwhile, the Policy Manager of the B20 ESC Task Force Indonesia, Oki Muraza, announced the last three policy recommendations, the first is to increase the global cooperation in accelerating the sustainable energy transition by reducing the intensity of carbon energy use through various channels."The main highlights in this recommendation are promoting energy efficiency, creating coal-fired power plants in gradual stages, reducing emissions from sectors that are difficult to reduce, facilitating financing to developing countries, and innovating climate technology," Muraza said.The second recommendation is to increase global cooperation to ensure a just, orderly, and affordable transition to sustainable energy use in all developed and developing countries."(Through) running an orderly transition in primary energy sources, involving the participation of MSMEs in the energy transition, preparing for the transition of the workforce, and implementing sustainable mining practices," he said.Lastly, the third recommendation is to increase global cooperation to extend the access to consumers and their ability to utilize clean modern energy."We must develop integrated energy solutions so that the access to clean energy can be reached to the level of household and MSME, as well as carrying out a broad energy transition," Muraza said.The all three policy recommendations mentioned will be brought further to the B20-G20 Dialogue in July, and later be included the policy formulation at the G20 Indonesia Presidency 2022.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)
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B20 task force highlights recommendations to support net zero-carbon ACN Newswire

B20 task force highlights recommendations to support net zero-carbon

June 24, 2022
JAKARTA, Jun 23, 2022 - (ACN Newswire via SEAPRWire.com) - The B20 Energy, Sustainability & Climate Task Force, led by state-owned oil giant Pertamina Group, put forth three recommendations to support realization of the target of net-zero carbon emissions.The B20 Energy, Sustainability & Climate (ESC) Task Force held entitled the third Task Force Call Meeting on Thursday, April 19 (ANTARA/HO-Pertamina)"Climate change sustainability is something that we must strive for in the future. For this reason, the B20 Energy, Sustainability, and Climate Task Force has compiled policy recommendations that focus on three recommendations, with 12 policy actions that call for global cooperation," Deputy Chair of B20 Energy, Sustainability, and Climate Task Force Agung Wicaksono said in a statement obtained here on Thursday.He delivered the statement during the hybrid dialogue forum of Energy Transition in Growth Markets on Tuesday (June 21).This forum is one of the events conducted by the Task Force Energy, Sustainability & Climate (ESC) and the Task Force Future of Work and Education in collaboration with the Accenture International Utilities and Energy Conference held on June 21-23, 2022, in Rome, Italy.Themed "Maximizing the Value of the Energy Transition in Growth Markets and Paving the Way to B20," this forum discusses the future of the energy industry in an era that prioritizes sustainability and low emissions for a green future and a more sustainable planet.The three policy recommendations include accelerating the transition to sustainable energy use by reducing carbon intensity in different ways. The second is ensuring a just, orderly, and affordable transition to sustainable energy use. The third recommendation pertains to increasing energy security, so that consumers can access and consume clean and modern energy."We are working hard to ensure there is an alignment between the performance targets set by the Italian B20 last year and our performance targets this year, so there will be a continuity," Wicaksono stated.To ensure a fair, orderly, and affordable transition to sustainable energy use, Wicaksono stated that the pricing in developing countries should be taken into consideration. Thus, it is necessary to formulate ways to integrate the benefits of carbon pricing into the energy transition pricing."With the energy transition, we must also think about the security and availability aspects of world energy. At the same time, we must also ensure that everyone has access to clean and modern energy," he emphasized.The managing director of Jababeka Infrastructure stated that the potential of decarbonization towards net-zero emission also comes from industrial areas. Furthermore, he invited companies in the B20 to conduct global collaborations that will result in business actions, as the provision of renewable energy for industrial companies with a large demand can contribute to achieving the energy transition target, he affirmed.Wicaksono also accentuated the importance of energy transition and the important role of the B20 Energy, Sustainability, and Climate Task Force in achieving energy transition priorities, especially to achieve net-zero emissions.On the same occasion, Chairman of the Indonesian Chamber of Commerce and Industry Arsjad Rasjid stated that currently, the main players in the energy and utility areas are facing challenges.Collaboration becomes increasing important for achieving significant reductions in carbon emissions and a progressive transition from carbon-generating energy to environmentally friendly, greener, and sustainable energy, Rasjid stated."The transition to greener energy does not mean stopping profits for the company. The company's move towards clean energy will create added value for brands and consumers to become more confident and have a positive outlook," he remarked.Head of Indonesia's B20 Organizer, Shinta Kamdani, stated that energy transition should provide benefits and not create burden. Kamdani pressed for making meticulous preparations for the energy transition, including conducting mitigation of the costs and impacts."This energy transition certainly requires substantial financial support. The G20 countries, which contribute 80 percent of the world's economy, are expected to provide this support for the transition process. Several main priorities must be put forward in this energy transition, such as accessibility, technology, and funding," Kamdani stated.The event was moderated by Gianfranco Casati and Valentin de Miguel from Accenture that are the Co-Chair and Deputy Co-Chair of the B20 Energy, Sustainability, and Climate Task Force.The forum also presented other keynote speakers: the Chair B20 Future of Work & Education Task Force/President Director of Astra Otoparts/Director of PT Astra International Tbk, Hamdhani D. Salim; Co-Chair B20 Future of Work & Education Task Force/IOE Vice President to The ILO, Renate Hornung Draus; WEF Head of Energy, Materials and Infrastructure, Kristen Panerali; and ENI Evolution CEO, Giuseppe Ricci.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Azis Kurmala, Editor: Sri Haryati (c) ANTARA 2022 Copyright 2022 ACN Newswire. 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