COMPARATIVE STUDY BETWEEN RETIREMENT COAL POWER PLAN AND CARBON CAPTURE & STORAGE TO THE FINANCIAL STRUCTURE OF PT PLN (PERSERO)
Energy transition is not just a step but a crucial leap towards adopting sustainable and environmentally friendly energy practices. Through its Nationally Determined Contribution (NDC), the Indonesian government has made a resolute pledge to reduce greenhouse gas emissions by 31.9% independent...
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Format: | Theses |
Language: | Indonesia |
Online Access: | https://digilib.itb.ac.id/gdl/view/80880 |
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Institution: | Institut Teknologi Bandung |
Language: | Indonesia |
Summary: | Energy transition is not just a step but a crucial leap towards adopting sustainable
and environmentally friendly energy practices. Through its Nationally Determined
Contribution (NDC), the Indonesian government has made a resolute pledge to
reduce greenhouse gas emissions by 31.9% independently by 2030 and 43% with
international support. This commitment, backed by the state-owned electricity
provider PLN, underscores the gravity of the situation and the importance of
achieving these emission reduction targets outlined in the NDC. The RUPTL 2021-
2030 launch further amplifies this commitment, highlighting PLN's aim to reach a
23% renewable energy mix by 2025. Coal power plants are Indonesia's largest
electricity generation source and contribute the most to emissions. Therefore, in the
spirit of energy transition, reliance on coal power plants must be reduced and
replaced with more environmentally friendly power generation options. This study
meticulously investigates the multifaceted aspects of transitioning from coal-fired
power plants to renewable energy sources. It is underscored by a strategic emphasis
on the retirement of coal power units, capital expenditure analysis for their
replacement with renewable energy plants, and the integration of Carbon Capture
and Storage (CCS) systems. A primary objective is to identify the criteria for
prioritizing the retirement of coal power plants. These criteria include grid system
reliability, technological advancements, and the operational age of the facilities.
The study further examines the economic implications of replacing
decommissioned coal plants with renewable energy sources. The investment will
positively impact PT PLN's financial structure and demonstrate a sustainable
financial strategy. The research also explores the benefits of CCS implementation
in operational coal plants, highlighting its capacity for reducing CO2 emissions,
generating revenue through carbon trading, and cost savings. This approach
facilitates a smooth energy transition and aligns with Indonesia's commitments to
reducing greenhouse gas emissions. |
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