The Indonesian Energy Technology Assessment (IETA) 2019 provides the best available and most up-to-date cost estimates for 14 electricity generation technologies under Indonesian, specifically the Jakarta, Surabaya and Sumatra regional conditions. These costs are provided by key cost-components and include a Levelised Cost of Electricity (LCOE) estimation that allows for cross-technology and over time comparisons in Indonesia. On the advice of the project sponsors, serious attempts have been made to develop the IETA on the lines of the Australian Energy Technology Assessment (AETA) report. Following AETA, all experts in the IETA Advisory Group were selected on the basis of their high-level of technical expertise. IETA also gained from valuable input and active support by members of the Indonesian Ministry of Energy and Resources, and a few other Indonesian energy agencies. In addition, IETA consultation also included information from other Indonesian energy experts in the field.
A key finding of the study is that the costs of renewable technologies would drop rapidly as a result of a rapid increase in global production and technological developments in these technologies. As a result of on-going cost reductions, differences in the cost of generating electricity, especially between fossil fuel based and renewable electricity generation technologies will diminish.
Professor Kaliappa Kalirajan is an applied economist and policy analyst in the Crawford School of Public Policy. Before joining the School, he was a Professor of International Economics at the Foundation for Advanced Studies on International Development (FASID) and the National Graduate Institute for Policy Studies (GRIPS) in Tokyo (2001-2009). Before joining FASID and GRIPS, he was Deputy Executive Director to Executive Director, in the Australia South Asia Research Centre at The Australian National University (1994-2000). His areas of major interests include macroeconometric modeling, regional cooperation and trade policies, low carbon energy systems in Asia, and sources of growth. He has several research publications (165) in these areas in peer reviewed academic and policy-oriented journals. He has authored, co-authored, or edited 17 books published by reputed international publishers.
Dr Arif Syed is currently a Visiting Fellow in the Arndt Corden Department of Economics, Crawford School of Public Policy. He was a former Director at the Commonwealth Government Department of Industry, Innovation and Science in Canberra. Before Joining the Department, he was an Associate Professor of Economics at Delhi University and later at the Jamia Millia University, Delhi, India. He has several publications in the area of sources of growth, renewable energy, renewable technology integration in Asia-Pacific countries, Australian Energy Projections (Australia’s official energy forecaster), and energy generation cost assessment. Among others, he managed a path breaking project on electricity generation cost assessment under Australian conditions (States). This was Australia's first such study, and earlier the Australian policy makers and modellers used technology costs estimated in European countries.