Jakarta, CNBC Indonesia – Banks in Indonesia are still busy providing funding for the coal industry, even reaching Rp 89 trillion. In fact, the world’s banks are currently starting to stop providing funding for the coal industry.
This was conveyed by the Special Staff of the Minister of Energy and Mineral Resources (ESDM) for Mineral and Coal Governance, Irwandy Arif.
He said that based on data from Urgewald in 2021 as many as six Indonesian banks were still providing loans to coal companies listed on the 2020 Global Coal Exit List (GCEL).
During the period from October 2018 to October 2020, total loans reached Rp. 89 trillion.
“National banks, Urgewald provide data that national banks in Indonesia provide loans to coal companies listed on the Global Coal Exit List,” he explained in the Webinar: The Future of Coal in the National Energy Mix, Monday night, (27/07/2021). ).
In detail, the Indonesian banks that provided the largest loans were PT Bank Mandiri (Persero) Tbk (BMRI) reaching US$ 2.46 billion or equivalent to Rp. 36 trillion (exchange rate of Rp. 14,500/US$), PT Bank Negara Indonesia (Persero) Tbk. (BBNI) of US$ 1.83 billion or around Rp. 27 trillion, and PT Bank Rakyat Indonesia (Persero) Tbk (BBRI) of US$ 1.76 billion or Rp. 26 trillion.
Next, PT Bank Central Asia Tbk (BBCA) amounted to US$ 0.82 billion or equivalent to Rp 12 trillion, PT Bank Tabungan Negara (Persero) Tbk (BBTN) valued at US$ 0.10 billion or Rp 1.5 trillion, Indonesia Eximbank reached US$ 0.03 billion or around Rp 435 billion.
“The biggest ones are Mandiri, BNI, BRI, and BCA,” he continued.
He further said that the International Renewable Energy Agency (IRENA) said that in 2019 more than 50% of the addition of New Energy (EBT) capacity, the electricity cost was cheaper than Steam Power Plants (PLTU).
“The cost of electricity is lower than PLTU, this is a fast development,” he said.
Meanwhile, Irwandy said, PT PLN (Persero) would also retire the PLTU and Gas Engine Power Plant (PLTMG) in 2025 in order to achieve a national energy mix of 23% in 2025 and net zero emissions in 2060.
“PLN will also stop all proposals in 2025 and reach the national mix. The Coordinating Ministry for Maritime Affairs and Fisheries also conveys the same thing.”