Indonesian Political, Business & Finance News

Prabowo says Indonesia will not need to import fuel within three years

| Source: ANTARA_ID Translated from Indonesian | Energy
Prabowo says Indonesia will not need to import fuel within three years
Image: ANTARA_ID

Jakarta (ANTARA) - President Prabowo Subianto targets Indonesia to be able to halt all fuel import activities within the next two to three years to strengthen national energy independence. “Perhaps in two or three years, we won’t need to import fuel at all,” said President Prabowo in his speech while inaugurating the VKTR electric-based commercial vehicle assembly plant in Magelang, Central Java, on Thursday. He explained that this target will be achieved through the 100-gigawatt electrification programme, which is expected to be completed in two years. This programme includes the closure of 13 PLN-owned diesel power plants (PLTD) that have been consuming large amounts of diesel. According to the President, closing these dozen PLTDs can directly save up to 200,000 barrels of diesel per day. Currently, Indonesia still imports one million barrels of fuel every day, so reducing diesel usage will cut import dependency by 20 per cent. Prabowo emphasised that massive investments will be allocated for building processing centres or refineries to support this transformation. “We will be independent, we will be strong, we will stand on our own feet,” said Prabowo. Through increasing production capacity to 10,000 bus units per year, the government aims to strengthen the national automotive ecosystem while gradually raising the Domestic Component Level (TKDN) to 80 per cent. The operation of this plant also serves as a strategic instrument in supporting the national energy transition from fossil fuel dependency to clean energy use.

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