RISIKO INVESTASI BATU BARA LUAR NEGERI KOREA SELATAN MENINGKAT Karena Pemberi Pinjaman Menghindari Batu Bara dan COVID-19 Menyebabkan Keterlambatan konstruksi, Institusi pendanaan milik negara Korea Selatan berpotensi menghadapi Asset Terbengkalai senilai hampir $6 Miliar
Summary
South Korean state-owned financial institutions have invested US$5.6 billion in overseas coal-fired power plants since 2013, primarily in Vietnam and Indonesia. These investments face significant risks of becoming stranded assets as renewable energy costs drop and private lenders withdraw from coal. The document notes that new coal plants in Southeast Asia may operate for less than five years before becoming economically unviable. Additionally, the COVID-19 pandemic has disrupted construction schedules and reduced electricity demand. These trends conflict with the South Korean Democratic Party's Green New Deal, which calls for phasing out public coal funding. Specific high-risk projects include the Jawa 9 and 10 plants in Indonesia, for which US$232.5 million in funding is under consideration.
Key insights
- South Korean state-owned financial institutions, including the Export-Import Bank of Korea, Korea Trade Insurance, Korean Development Bank, and KEPCO, have invested US$5.6 billion in overseas coal-fired power plants since 2013.
- The primary recipients of South Korean public coal funding are Vietnam (US$4.3 billion) and Indonesia (US$1.2 billion), with Chile receiving US$100 million.
- Coal plants in Southeast Asia face a high risk of becoming stranded assets because solar and wind power are projected to be cheaper to build than operating existing coal plants by 2028.
- The South Korean Democratic Party's Green New Deal manifesto calls for the gradual elimination of state support for coal power both domestically and abroad, which contradicts proposed loans of US$232 million for the Jawa 9 and 10 projects in Indonesia.
- The COVID-19 pandemic has increased economic pressure on coal by reducing electricity demand and causing construction delays at 15 documented locations.
- In Vietnam, the government reduced its 2030 coal target from 75,000 MW to 55,000 MW due to public pressure and the growth of renewables, with solar capacity reaching 5,500 MW in 2019.
- In Indonesia, pre-construction planning for coal projects fell by 47% from mid-2016 to 2019, and President Joko Widodo has signaled an intent to move away from coal dependency.
Cite the original document
- APA
- Global Energy Monitor (2020). RISIKO INVESTASI BATU BARA LUAR NEGERI KOREA SELATAN MENINGKAT Karena Pemberi Pinjaman Menghindari Batu Bara dan COVID-19 Menyebabkan Keterlambatan konstruksi, Institusi pendanaan milik negara Korea Selatan berpotensi menghadapi Asset Terbengkalai senilai hampir $6 Miliar. https://globalenergymonitor.org/sites/default/files/migration/reports/SKRisks-Bahasa_11.pdf
- Chicago
- Global Energy Monitor. RISIKO INVESTASI BATU BARA LUAR NEGERI KOREA SELATAN MENINGKAT Karena Pemberi Pinjaman Menghindari Batu Bara dan COVID-19 Menyebabkan Keterlambatan konstruksi, Institusi pendanaan milik negara Korea Selatan berpotensi menghadapi Asset Terbengkalai senilai hampir $6 Miliar. 2020. https://globalenergymonitor.org/sites/default/files/migration/reports/SKRisks-Bahasa_11.pdf.
- Wikipedia
- {{cite report |author=Global Energy Monitor |title=RISIKO INVESTASI BATU BARA LUAR NEGERI KOREA SELATAN MENINGKAT Karena Pemberi Pinjaman Menghindari Batu Bara dan COVID-19 Menyebabkan Keterlambatan konstruksi, Institusi pendanaan milik negara Korea Selatan berpotensi menghadapi Asset Terbengkalai senilai hampir $6 Miliar |date=April 2020 |url=https://globalenergymonitor.org/sites/default/files/migration/reports/SKRisks-Bahasa_11.pdf |access-date=23 October 2026 |via=Climate Insights Directory}}
- BibTeX
- @techreport{globalenergymonitor2020risiko, author = {{Global Energy Monitor}}, title = {{RISIKO INVESTASI BATU BARA LUAR NEGERI KOREA SELATAN MENINGKAT Karena Pemberi Pinjaman Menghindari Batu Bara dan COVID-19 Menyebabkan Keterlambatan konstruksi, Institusi pendanaan milik negara Korea Selatan berpotensi menghadapi Asset Terbengkalai senilai hampir \$6 Miliar}}, institution = {Global Energy Monitor}, year = {2020}, month = apr, url = {https://globalenergymonitor.org/sites/default/files/migration/reports/SKRisks-Bahasa_11.pdf}, urldate = {2026-10-23}, note = {Indexed by Climate Insights Directory} }
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