Indonesia

Indonesia is the 4th largest country in the world by population, with more than 260 million inhabitants, and the Indonesia is the largest economy in the ASEAN-region. Its growing consumer segment and young workforce population offer vast opportunities for continued economic growth, and Indonesia is forecasted to become the 5th largest economy in the world by 2035.

The energy sector is still dominated by fossil fuels. However, ambitious targets for electrification, renewable energy and reduced emissions of greenhouse gases have been adopted by the Indonesian Government.

The electricity market is vertically integrated with the state-owned enterprise Perusahan Negara Listrik (PLN) being the dominating actor. This is also true for oil and gas with Pertamina and PT PGN respectively as dominating state-owned companies.

The outlook for growth in Indonesia is huge, especially in infrastructure related business, such as the transportation and energy sectors. The need for energy efficiency in industry and in the commercial properties sectors constitute interesting opportunities for Swedish technology, alongside environmental technologies for waste and water management.

An Energy Sector Roadmap to Net Zero Emissions in Indonesia (iea.blob.core.windows.net)

Business Climate Survey 2024 Indonesia (business-sweden.com)