December 5, 2025 | 02:30 pm
TEMPO.CO, Jakarta - Coordinating Minister for Economic Affairs Airlangga Hartarto spoke about the latest development in the energy transition financing scheme through Just Energy Transition Partnership (JETP) for Indonesia. The JETP funding commitment has risen from US$20 billion to US$21.4 billion or Rp356.2 trillion (assuming an exchange rate of Rp16,646 per US dollar).
Airlangga revealed this after a meeting with the representatives of the International Partner Group (IPG)—the countries committed to supporting JETP funding.
"We discussed the renewed commitment of JETP. For Indonesia, the commitment has increased from US$20 billion to US$21.4 billion," he said during a press conference in Jakarta on December 5.
The funding, Airlangga explained, comprised US$11 billion from donor countries within IPG and US$10 billion from GFANZ, a global coalition of leading financial institutions.
Through the JETP program, Indonesia has received financing aid commitments from developed countries to accelerate the energy transition. This funding commitment was initially agreed upon at the G20 High-Level Conference in Bali in November 2022. Some of the projects that will be funded include the early retirement of coal-fired power plants.
Of the announced funding commitment, US$3.1 billion has been mobilized, while about US$5.5 billion in additional funding is currently under negotiation for several concrete projects.
Some existing projects include the Green Corridor Sulawesi, the dieselization program, Geothermal projects in Sumatra, and a Waste to Energy project in collaboration with the Asia Zero Emission Community (AZEC).
Furthermore, there are plans to run a tender for renewable energy projects. "This is a significant commitment. US$21.4 billion is a substantial fund, and it depends on Indonesia and cross-ministries to accelerate," Airlangga said.
Read: Indonesia Minister Says Others Won't Follow U.S. Exit from JETP Energy Transition Funding
Click here to get the latest news updates from Tempo on Google News
Indonesia Minister Says Others Won't Follow U.S. Exit from JETP Energy Transition Funding
24 Maret 2025
Earlier this month the U.S. said it had withdrawn from its JETP deals with Indonesia, South Africa and Vietnam.
The End of the Road for JETP
17 Desember 2024
The JETP program failed to proceed in line with the plan because only a small amount of the assistance funds were disbursed.
Indonesia to Pursue 2 Priority Projects Under JETP
22 November 2023
Energy Ministry says that two priority projects will be carried out under the Just Energy Transition Partnership (JETP) program.
Indonesia Gears Up to Implement JETP, Releases CIPP Document
21 November 2023
The Just Energy Transition Partnership (JETP) financing scheme is entering a new stage.
Economist Says China's Renewable Energy Investment in Indonesia a Positive Momentum
19 Oktober 2023
The new renewable energy (NRE) investment from China could become a positive momentum for financing of energy transition in Indonesia.
UK Grants Rp512 billion for Phase Two of Indonesian Low Carbon Development
3 Oktober 2023
The UK granted Rp512 billion for the second phase of the Low Carbon Development Initiative (LCDI).
Today's Top 3 News: TikTok Indonesia Responds to Social Commerce Ban, Indonesian Govt Optimistic Policy Plan for JETP Finalized in October
27 September 2023
Here is the list of the top 3 news on Tempo English today.
Indonesian Govt Optimistic Policy Plan for JETP Finalized in October
27 September 2023
The comprehensive investment and policy plan for JETP will be finalized this upcoming October.
Indonesia's JETP Deal Will Only Succeed if Coupled with Radical Measures to Unblock Renewable Energy Pipeline
24 November 2022
The JETP appears to herald a dramatic shift in energy policy that will accelerate the coal power phase-down and renewable energy scaled-up.
