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Coal barges are pictured as they queue to be pulled along the Mahakam river in Samarinda, East Kalimantan province, Indonesia, August 31, 2019. REUTERS/Willy Kurniawan/File Photo Acquire Licensing RightsJAKARTA, Oct 16 (Reuters) - Indonesia will seek China's help for renewable energy and infrastructure projects when President Joko Widodo attends the upcoming Belt and Road Forum in Beijing, a cabinet minister said. Erick declined to share JETP talk details, saying only: "We cannot wait...there hasn't been any funding as yet." "We want this to fit our grand plan, the Indonesia blueprint, not the blueprint of other countries," Erick said. Indonesia also discussed the plan with Chinese Premier Li Qiang when Li visited Jakarta in September.

Persons: Willy Kurniawan, Joko Widodo, Erick Thohir, Erick, JETP, hasn't, Xi Jinping, Jokowi, Premier Li Qiang, Li, Gayatri Suroyo, Stefanno Sulaiman, Edwina Gibbs Organizations: REUTERS, Rights, Forum, Indonesian, United, Premier, Thomson Locations: Samarinda, East Kalimantan, Indonesia, Rights JAKARTA, Beijing, China, U.S, United Nations, Jakarta, Jokowi, Surabaya

JAKARTA, Aug 24 (Reuters) - Indonesia's talks with international partners on setting up a $20 billion fund for the country's transition from coal to cleaner energy have taken longer than anticipated and are complicated by rising borrowing costs, its finance minister said on Thursday. It was based on a similar $8.5 billion initiative in 2021 to help South Africa more quickly decarbonise its power sector. Another challenge is it will take time to hold public consultations with communities that could be affected by a project, such as the construction of a renewable power plant, the minister said. Indonesia has been pushing for coal power plant retirement financing to be seen as "acceptable" among global lenders and brought this up at a meeting of G20 finance ministers in July. The Association of Southeast Asian Nations (ASEAN) has included coal power plant retirement in its green taxonomy - a framework defining what investment is considered environmentally friendly.

Persons: Sri Mulyani Indrawati, Sri Mulyani, Gayatri Suroyo, Stefanno Sulaiman, Susan Fenton Organizations: Reuters, International Partners, World Bank, Asian Development Bank, The Association of Southeast Asian Nations, Thomson Locations: JAKARTA, United States, Japan, Indonesia, South Africa, Jakarta

The rupiah hit its weakest since April 2020 on Wednesday, as currencies globally came under pressure amid a rally in the U.S. dollar. The dominant operation has been in the DNDF market, where transactions are settled in rupiah, which limits BI's use of FX reserves for intervention, he said. "In the current situation, we must be smart in managing our FX reserves," Edi said, noting intervention by other central banks had sometimes failed to reverse currency depreciations. Indonesia's FX reserves at the end of August stood at $132.2 billion, the lowest since June 2020 and about $12.7 billion below reserves at the end of 2021. BI currently holds over 1,300 trillion rupiah ($85.33 billion) of government bonds, much accumulated during pandemic-era quantitative easing.

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