JakartaPost-May 30, 2022

The Trade Ministry has called for progress to be made on the ASEAN Power Grid (APG) initiative, which could help Indonesia deal with its current electricity oversupply, including by exporting excess power to neighboring countries. At the ASEAN Economic Ministers’ (AEM) Special Meeting earlier this month, the ministry expressed its wish for member states to jumpstart long-time initiatives like the APG to dampen the impact of high energy prices. Prices of many commodities have risen sharply in recent months as economic activity picked up worldwide because coronavirus-related restrictions were lifted, while sanctions imposed on Russia in response to the war in Ukraine exacerbated energy inflation. The APG is a plan to interconnect power grids in the region by progressing from bilateral cross-border agreements to subregional agreements and, finally, full regional integration. The plan’s implementation relies on the development of harmonized transmission infrastructure and trading regulations. Indonesian Trade Minister Muhammad Lutfi at the event said deeper ASEAN economic cooperation was imperative as the current multilateral trading system faced multiple challenges that could render the World Trade Organization ineffective. Read more at: https://www.thejakartapost.com/business/2022/05/30/indonesia-looks-to-asean-to-offload-excess-electricity.html