Indonesia's Coal and Energy Industries Face Supply Gaps and Financial Losses

PT Black Diamond Resources Tbk (COAL) posted zero revenue and a net loss of Rp8.23 billion in Q1 2026, with cash reserves falling to Rp233 million and short‑term bank debt of Rp195 billion. At the same time, Indonesia’s energy sector is undergoing a transition: renewable sources supplied about 72 % of new low‑carbon capacity in 2025, with solar generation rising 30 % globally and Indonesia leading in solar and wind installations. Despite this growth, global CO₂ emissions rose 1.1 % in 2025.

The country is grappling with coal‑fuel supply issues for power plants. Rolling blackouts in Java and Bali were linked to delayed approval of mining work‑plan and budget (RKAB) permits and the Domestic Market Obligation (DMO) policy, which limited coal availability for state utility PLN. Industry groups such as Perhapi have urged the Energy Ministry to streamline RKAB approvals to secure coal supply for thermal power plants.

MIND ID announced a decarbonisation target of a 15.5 % GHG reduction (≈2 Mt CO₂e) by 2030, outlining measures including biodiesel upgrades, LNG conversion, solar installations and biomass co‑firing, with reported emission cuts at Bukit Asam, Indonesia Asahan Aluminium and other subsidiaries.

The government set the bioethanol price index at Rp10 933 per litre for July 2026 and plans a mandatory 20 % ethanol blend (E20) for gasoline by 2028 to cut oil imports. In Sulawesi Tenggara, the regional tax office praised PT Ceria for being the most compliant nickel miner, highlighting the fiscal contribution of the mining sector.