SINGAPORE: The Asian Development Bank (ADB) and Singapore’s Infrastructure Asia today signed a cooperation agreement to help governments in Southeast Asia adopt innovative and green finance approaches to identify and develop bankable and sustainable infrastructure projects in the region, where the annual infrastructure investment needs total $210 billion until 2030. The agreement was signed during […]
Indonesia president signs new EV decree to bolster industry
Indonesia has been seeking to carve out a downstream industry based on its supplies of nickel laterite ore, which is used in lithium batteries JAKARTA: Indonesian President Joko Widodo on Thursday signed a decree laying out government support for electric vehicle (EV) industry in the country, looking to leverage its wealth of essential metals. The […]
Indonesia president signs new EV decree to bolster industry
Widodo did not elaborate, but a draft of the decree reviewed by Reuters ahead of the signing showed it contained a series of incentives to boost production and purchase of EVs JAKARTA: Indonesian President Joko Widodo said on Thursday he signed a decree that lays out government support to build an electric vehicle (EV) industry […]
Toyota To Invest $2 Billion In Developing Electric Vehicles In Indonesia
The Japanese carmaker said this month that it aimed for half its global sales to be from electric vehicles by 2025, five years ahead of schedule, and will tap Chinese battery makers to meet the accelerated global shift to electric cars. Toyota Motor Corp plans to invest $2 billion to develop electric vehicles (EVs) in […]
Indonesia threatens to quit Paris Climate Deal over palm oil
An environmental dispute is brewing in Indonesia between the country’s government officials and the European Union (EU). As one of the largest producers of palm oil in the world, Indonesia relies heavily on the crop. Some 50 million people in the country also depend on palm oil in daily life, directly or indirectly. But it’s […]
ADB Supports 275 MW Power Plant to Boost Energy Access in Sumatra, Indonesia
JAKARTA, INDONESIA: The Asian Development Bank (ADB) today signed a private sector financing package to support the construction of a 275-megawatt combined-cycle gas turbine power plant in Riau province in central Sumatra, Indonesia, to help secure the country’s energy future and provide communities with more affordable and reliable electricity. The financing consists of a $70 […]