SINGAPORE, Nov 29 (Reuters) - Indonesia is in talks with
the United States and Russia about acquiring technology to
develop nuclear power plants, an Indonesian government deputy
minister told Reuters on Friday.
Southeast Asia's biggest economy is looking at operating
nuclear power plants as early as 2036 to cut its dependence on
fossil fuels, said Vivi Yulaswati, deputy minister at the
Ministry of National Development Planning.
It is open to both small modular reactors and conventional
nuclear technology, she said in a video interview.
In Indonesia, nuclear power plants have been a controversial
topic as the country is prone to earthquakes. When asked if
orders have been placed, Yulaswati said it was too early for
that to have happened.
"We have to get a blessing from the president, and of
course, we have to talk with international partners. I think,
very long journey still," she said.
Thirty countries, nine of which are in Asia, use nuclear
power for electricity generation, data from energy think tank
Ember shows.
Indonesia, a country of over 275 million people, accounts
for the lion's share of increasing coal use for power generation
in Southeast Asia. More than half of its current capacity is
powered by coal and clean energy sources including hydropower
account for less than 15%.
The country, however, plans to offer international investors
opportunities to build 75 gigawatts (GW) of renewable power over
the next 15 years.
But funding remains an issue. Indonesia was promised $20
billion as part of the G7's Just Energy Transition Partnership
(JETP) unveiled in 2022, but very little money has been
disbursed and that slow progress has hampered its efforts to cut
emissions.
Yulaswati said JETP has so far approved grants for 33
decarbonisation projects in Indonesia worth $217.8 million,
including one that would increase the number of electric
vehicles on the tourist island of Bali. Another six projects
worth $78.4 million are currently under discussion, she said.
Loans of up to $6.1 billion have been approved, mainly to
upgrade the national grid and develop the renewable energy
sector, she added.
Yulaswati said the interest rates for the loans have yet to
be finalised. Rates on loans have been a contentious topic, with
Indonesian officials blaming Western nations for not providing
concessional funding under JETP.
The JETP projects have yet to be implemented, she said,
adding that funding will start next year which is when
Indonesia's next 5-year economic planning cycle will begin.