Indonesia is seeking nuclear technology from the United States and Russia to reduce fossil fuel consumption

Indonesia plans to offer international investors the opportunity to build 75 GW of renewable energy. Photo credit: Leisure Session/Shutterstock.

Indonesia is in talks with the US and Russia to acquire nuclear energy technology with the aim of operating nuclear power plants by 2036. Reuters has reported.

Vivi Yulaswati, deputy minister in the Ministry of National Development Planning, said Indonesia is considering both small modular reactors and conventional nuclear technology to reduce its dependence on fossil fuels.

The earthquake-prone country faces challenges in introducing nuclear energy.

Yulaswati pointed out that it was premature to issue orders as presidential approval and international cooperation were needed.

“We have to get the president’s blessing and of course we have to talk to international partners. I think it’s still a very long journey,” she said.

According to energy think tank Ember, 30 countries, including nine in Asia, currently use nuclear energy to generate electricity.

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Indonesia, with a population of 275 million, relies heavily on coal, which powers more than half of its current capacity. Clean energy sources such as hydropower account for less than 15%.

The country wants to offer international investors the opportunity to develop 75 GW of renewable energy by 2039.

However, financing remains a challenge. The G7’s Just Energy Transition Partnership (JETP) promised $20 billion in 2022, but disbursement has been slow, impacting emissions reduction efforts.

Yulaswati mentioned that JETP has approved grants for 33 decarbonization projects worth $217.8 million, including initiatives to increase electric vehicles in Bali.

Six additional projects worth $78.4 million are under discussion. Loans worth up to $6.1 billion were approved, primarily for grid expansion and renewable energy development.

Interest rates on these loans have yet to be determined as Indonesian officials criticize Western nations for not providing concessional financing under the JETP.

Yulaswati stated that JETP projects have not yet started and funding is expected to begin in 2025, coinciding with Indonesia’s next five-year economic planning cycle.

Indonesia is seeking nuclear technology from the United States and Russia to reduce fossil fuel consumption

ByAmelia Journalton

By Amelia Journalton

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