Indonesia Speeds Up Landmark Closing of Java Coal Plant

  • Monday, December 4, 2023
  • Source:ferro-alloys.com

  • Keywords:market, mining industry,mine,steel,
[Fellow]Indonesia has moved a step closer to the early retirement of the privately owned Cirebon-1 coal-fired power station, a milestone deal that could shutter the plant nearly seven years early and create a blueprint for others to follow.

【Ferro-alloys.com】:Indonesia has moved a step closer to the early retirement of the privately owned Cirebon-1 coal-fired power station, a milestone deal that could shutter the plant nearly seven years early and create a blueprint for others to follow.

Under a non-binding accord signed on the sidelines of United Nations climate talks in Dubai, the Asian Development Bank, Indonesian state-owned utility PT PLN, the Indonesia Investment Authority and the plant’s owners have agreed to allow the operation to close by the end of 2035, earlier than expected after previous phase-out discussions.

 

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  • [Editor:Alakay]

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