Key insights and market outlook
PT PLN (Persero) needs Rp 3,000 trillion investment over the next 10 years to implement its 2025-2034 Electricity Supply Business Plan (RUPTL). The plan includes adding 69.5 GW of power generation capacity, with 76% from renewable energy sources. This investment will support Indonesia's energy transition and economic growth while creating jobs and reducing poverty.
PT PLN (Persero), Indonesia's state-owned electricity company, is embarking on an ambitious expansion plan that requires a massive Rp 3,000 trillion (approximately USD 200 billion) investment over the next decade. This substantial financial commitment is necessary to implement the Electricity Supply Business Plan (RUPTL) for 2025-2034. The plan is aligned with President Prabowo Subianto's directive to balance economic growth, job creation, and environmental sustainability.
The RUPTL outlines a comprehensive strategy to enhance Indonesia's electricity infrastructure by adding 69.5 GW of power generation capacity by 2034. A significant portion, 76%, of this new capacity will come from renewable energy sources, marking a crucial step towards Indonesia's energy transition and commitment to reducing carbon emissions.
The massive investment is expected to have far-reaching positive impacts on the economy and society. It will not only create new job opportunities but also contribute to poverty reduction and economic growth. By enhancing the electricity supply, the plan aims to support industrial development and improve overall energy security.
Implementing such an ambitious plan poses significant challenges, including securing the necessary funding, developing infrastructure, and ensuring the timely completion of projects. PLN's ability to attract investments and manage the execution of these projects will be crucial to the success of the RUPTL.
PLN's RUPTL 2025-2034 represents a critical step towards achieving Indonesia's energy and economic goals. With its focus on renewable energy and massive investment, the plan not only addresses the country's growing electricity demand but also contributes to a more sustainable and equitable future.
PLN Investment Plan Announcement
Renewable Energy Capacity Expansion