Company Information
Name: PT Perusahaan Listrik Negara (Persero) (PLN)
Market: Indonesia
Installed capacity (as of 2024): 67.1 GW (thermal), 8.8 GW (non-thermal)¹
Climate-related targets committed:
Long-term: Net zero CO₂ emissions by 2060
Medium-term:
- Reduce GHG emissions intensity across all scopes by 15.7%² by 2030
- Increase renewable capacity by 20.9 GW³by 2030
Engagement Updates
PLN is a state-owned enterprise in Indonesia and one of Southeast Asia’s largest electric utility companies. Continuing with productive engagement from the previous year, the PLN engagement group had several focused discussions on the company’s decarbonisation strategy and early retirement of its coal fired power plants.
The investors in PLN engagement group has invited an external consultant to analyse its coal plants and assess potential physical climate risks and impacts on operations. Investors will continue to engage PLN on its climate governance and disclosure, as well as its decarbonisation strategy, particularly regarding renewable deployment planned for RUPTL 2025-2034. The group will start engaging PLN on just transition planning and physical resilience.
Governance
PLN established a sustainability committee in 2021,⁴ which it regularly updates to support implementing its sustainability principles in all aspects of its company operations, including social, economic, and environmental.
In March 2025, the Indonesian Minister of State-owned Enterprises established Danantara, an Indonesian sovereign wealth fund to consolidate and manage Indonesia’s state-owned assets, including PLN.⁵ The investors in the PLN engagement group of AUEP have actively engaged the company on its climate governance after the formation of Danantara.
Decarbonisation Strategy
PLN has established the Accelerated Renewable Energy Development (ARED) scenario⁶ as the cornerstone of its decarbonisation strategy. The ARED scenario adopts a measured approach to coal phase-down, avoiding early CFPP closure while aligning with Indonesia’s broader decarbonisation timeline.
PLN also plans to address the challenges of a mismatch between the large-scale deployment of renewable energy sources and concentrating demand through its Green Super Grid strategy, which transfers 33 GW of baseload new and renewable energy to demand centres.
In June 2025, PLN released its new Electricity Supply Business Plan (Rencana Usaha Penyediaan Tenaga Listrik or RUPTL) for 2025–2034.⁷The plan includes an increase in the power generation capacity of 69.5 GW over the coming decade by developing:
- 42.6 GW of new and renewable energy plants
- 10.3 GW of energy storage infrastructure (comprising hydro pumped storage and BESS)
- 16.6 GW of thermal energy sources (comprising gas and CFPPs).
The investors in the PLN engagement group of AUEP have actively engaged the company on its future power generation and financing plan, and grid optimisation.
Transparency & Disclosure
Since 2023, PLN has started its climate disclosure, aligning with the ISSB’s IFRS S2 standard.