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Investment in energy is needed in Indonesia

The Energy and Mineral Resources Ministry is targeting an investment of US$5.98 billion in the mineral and coal sub-sector in 2021.  The investment target for 2021 is lower than the previous year's target of US$7.7 billion, he added. The realization of investment in the sub-sector in 2020 reached just US$4 billion due to the COVID-19 pandemic, he informed.

Among the factors that hindered target realization were difficulties in operation and limited mobilization of personnel on account of Large-Scale Social Restrictions (PSBB), he noted.

In an effort to reach this year's investment target, the ministry will help investors to get as much information as they want in order to make an investment.

The Energy and Mineral Resources Minister will also coordinate with the Investment Coordinating Board (BKPM) to ensure a harmonized mechanism of investment for investors.

For 2021, the mineral and coal sub-sector has four priority activities, Djamaluddin said. First, the planned issuance of four regulations on acceleration of coal added value improvement, production plan, and domestic use of mineral and coal.

Second, monitoring of smelter development in the country. The ministry is aiming to make 23 smelters operational this year.

(Source: Antara News)