Ada Pertanyaan? Hubungi Kami 
Ada Pertanyaan? Hubungi Kami Kartini L Makmur, Robert Sidauruk
The Ministry of Finance and Ministry of Energy and Mineral Resources (ESDM) have prepared a financial assistance program to help companies that are willing to incorporate energy saving measures into their thier business operations. This assistance will be in the form of an alternative funding scheme in addition to bank loans.
Mariche Hutapea, Director of Energy Conservation at the Ministry of ESDM said that the assistance is being introduced to address the need for substantial funding in energy saving projects. The Government will allocate up to IDR 500 billion from the 2014 State Budget (APBN) for the scheme.
Mariche explained that the biggest obstacle to realizing energy savings is funding. Banks, according to Mariche, are not inclined to allocate funds for such schemes because they do not see them as an attractive and profitable business proposition.
“If the Government successfully implements this assistance and creates energy saving projects as profitable investments, this may trigger banks to fund these projects,” added Mariche.
According to Fabby Tumiwa, Director at the Institute for Essential Service Reform (IESR), there are two problems in implementing energy saving projects covering several industrial sectors.
First is the fact that energy costs for industry are relatively affordable thanks to Government subsidies. Second, there are difficulties in getting funding for the investment required in high-tech infrastructure and equipment.
To overcome these obstacles, Fabby suggests that the Energy Service Company (ESCO) also be involved in energy saving projects by providing funding assistance to companies.
“ESCO could provide funds for energy saving investment projects with companies to provide a return on investment to ESCO on a monthly basis,” explained Fabby.
However, Fabby acknowledges that it may take time for Indonesia to be ready for this type of scheme because the projects are still considered less-profitable than alternative investment opportunities.
Fabby took Thailand as example where it took at least 10 years until the Government was finally able to offer low interest rate loans of 3-4 percent for investments in energy efficiency projects.
“Regardless, it is hoped that the funding assistance offered by the Government may create positive affects that encourage banks to provide competitive loans for energy saving investments,” said Fabby.
(hot/kc)
Kartini L Makmur, Robert Sidauruk
The Ministry of Finance and Ministry of Energy and Mineral Resources (ESDM) have prepared a financial assistance program to help companies that are willing to incorporate energy saving measures into their thier business operations. This assistance will be in the form of an alternative funding scheme in addition to bank loans.
Mariche Hutapea, Director of Energy Conservation at the Ministry of ESDM said that the assistance is being introduced to address the need for substantial funding in energy saving projects. The Government will allocate up to IDR 500 billion from the 2014 State Budget (APBN) for the scheme.
Mariche explained that the biggest obstacle to realizing energy savings is funding. Banks, according to Mariche, are not inclined to allocate funds for such schemes because they do not see them as an attractive and profitable business proposition.
“If the Government successfully implements this assistance and creates energy saving projects as profitable investments, this may trigger banks to fund these projects,” added Mariche.
According to Fabby Tumiwa, Director at the Institute for Essential Service Reform (IESR), there are two problems in implementing energy saving projects covering several industrial sectors.
First is the fact that energy costs for industry are relatively affordable thanks to Government subsidies. Second, there are difficulties in getting funding for the investment required in high-tech infrastructure and equipment.
To overcome these obstacles, Fabby suggests that the Energy Service Company (ESCO) also be involved in energy saving projects by providing funding assistance to companies.
“ESCO could provide funds for energy saving investment projects with companies to provide a return on investment to ESCO on a monthly basis,” explained Fabby.
However, Fabby acknowledges that it may take time for Indonesia to be ready for this type of scheme because the projects are still considered less-profitable than alternative investment opportunities.
Fabby took Thailand as example where it took at least 10 years until the Government was finally able to offer low interest rate loans of 3-4 percent for investments in energy efficiency projects.
“Regardless, it is hoped that the funding assistance offered by the Government may create positive affects that encourage banks to provide competitive loans for energy saving investments,” said Fabby.
(hot/kc)