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Kurniawan, Irwan Wahyu
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Energy

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Developing Innovative Financing Scheme for Leveraging Energy Efficiency Deployment in Indonesia Kurniawan, Robi; Kurniawan, Irwan Wahyu
Indonesian Journal of Energy Vol. 5 No. 1 (2022): Indonesian Journal of Energy
Publisher : Purnomo Yusgiantoro Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33116/ije.v5i1.132

Abstract

Having great potential, a mechanism that can leverage private involvement in energy efficiency deployment should be developed in emerging markets such as Indonesia. This study aimed to formulate an implementable financial innovative scheme for leveraging energy efficiency deployment in the country. Scrutinizing relevant studies and interviewing relevant stakeholders such as the Ministry of Finance, Ministry of Energy and the Financial Institution, we formulated a blended financial scheme for an energy efficiency project. Main stakeholders will include the scheme, including fund facilitator, trustee, custodian bank and energy user/energy service company. In our proposed scheme, Indonesia Environment Fund (IEF) is obtained the fund from the fund facilitator. IEF will act as a trustee that delivers funds for the Custodian Bank. The bank will disburse the fund to the feasible energy efficiency project or through an energy service company. In this scheme, since banks get lower interest rate funds from the trustee, they will disburse the fund to the customer with a lower interest rate than a commercial rate. Consumers utilize the fund for their energy efficiency projects. Utilizing a proposed scheme to an energy efficiency project case study, it is found that the proposed scheme potentially reduces the interest rate and leverages the project viability in a certain condition. Doing the sensitivity analysis by comparing interest rate and IRR (Internal Rate of Return) in several loan periods, we found that the shorter period of the loan and lower interest rate can improve projects feasibility. For instance, simulating a 5-year loan, it is found that reducing the interest rate from 12% to 7% could improve up to 2% IRR of the project case. Therefore, the scheme can catalyze private-sector investments mobilization for energy efficiency deployment in the country. Furthermore, it can support the country's energy security enhancement.
Fostering Energy Efficiency Through Street Lighting System Improvement: A Case Study of City-Level in Indonesia Kurniawan, Irwan Wahyu; Kurniawan, Robi
Indonesian Journal of Energy Vol. 5 No. 2 (2022): Indonesian Journal of Energy
Publisher : Purnomo Yusgiantoro Center

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33116/ije.v5i2.146

Abstract

Street lighting can be considered the main energy consumer and greenhouse gas emitter at Indonesia's city level. In addition, public street lighting systems throughout Indonesia still use inefficient technologies, resulting in a significant portion of a municipality’s operating expenditure. We conduct techno-economy analysis and formulate financing mechanisms to support energy efficiency improvements on street lighting systems. In doing so, a pilot case based on a survey in one of the provincial capitals in Kalimantan is performed. From the survey, it is found that around half of the street lighting systems in the observed city are unmetered, dominated by CFL (Compact Fluorescent Lamp) lamps. Efficiency through street lighting system improvement can be achieved through, among others, replacement with a highly efficient light-emitting diode (LED) lamp, power meters installation and the replacement of high-efficiency armatures. Our analysis shows that energy consumption reduction potential from street light system improvements can reach 69% from existing conditions. In the showcase, it can save 9,466,465 kWh, equal to energy costs of IDR 13,676,202,724 and a 7,667-ton emission reduction. From the analysis, we also delivered a financial scheme for the project that incorporated local government and special mission vehicles under the coordination of the Ministry of Finance. Having great potential, a financing support mechanism can become a reference to another local government with a limited budget constraint. These findings can also provide policymakers with important inputs while improving street lighting systems as a key service provided by local and municipal governments.
Co-Authors Robi Kurniawan