Minister Rini Invites Abu Dhabi Investors to Work on Renewable Energy Projects

By : Aldo Bella Putra | Wednesday, July 26 2017 - 02:26 IWST

5166
5166

INDUSTRY.co.id - Jakarta - PT Pembangkitan Jawa Bali (PJB) and Abu Dhabi-based renewable energy company, Masdar, are partnering for renewable energy projects in Indonesia.

The agreement focused on opening up partnership opportunities to realize renewable energy projects in Indonesia, signed by PT PJB President Director Iwan Agung Firstantara and Masdar CEO Mohamed Jameel Al Ramahi, and witnessed by Minister of SOE Rini M. Soemarno in the middle of a series of visits to the Middle East.

With this agreement, the subsidiary of PT Perusahaan Listrik Negara (Persero) will work with Masdar in identifying opportunities to help meet Indonesia's energy needs targeted at 23% renewable energy use in 2025 and 31% by 2050.

"We believe that this cooperation will bring success for the development and implementation of renewable energy projects in Indonesia," said President Director Iwan Agung Firstantara in a press release here on Monday (7/17/2017).

Currently, PT PJB manages more than 12 GW of power plants, starting coal, natural gas and hydro power plants. PT PJB will diversify its business into the clean energy market to meet the mixed targets of renewable energy in Indonesia and also contribute to efforts to reduce global carbon emissions.

While Masdar CEO, Mohamed Jameel Al Ramahi expects, can continue to develop good relations with PT PJB to help open up the potential of renewable energy in Indonesia.

"This is in line with our commitment to support the momentum of developing renewable energy globally," said Mohamed.

Over the past decade, Masdar has invested in renewable energy projects with a combined total value of US $ 8.5 billion in which the total investment of Masdar on those projects amounts to US $ 2.7 billion.

Renewable energy projects are scattered in various regions of the Middle East and North Africa, Britain, Spain, Seychelles and the Pacific Islands.

Masdar is a subsidiary of Mubadala Investment Company, a global investment company from Abu Dhabi.

In addition to attending the signing ceremony between PJB and Masdar, in Abu Dhabi, Rini Soemarno also met with Deputy Group CEO & Chief Executive Officer, Alternative Investments and Infrastructure Mubadala Waleed Al Mokarrab Al Muhairi, to explore potential investment cooperation in several infrastructure projects, Energy, connectivity, and fast train TOD.

News Comment

Today's Industry

L/R: Alwin Zecha, Founder - Pacific Leisure Group, Thailand; Hiran Cooray Chairman - Jetwing Symphony PLC, Sri Lanka; and Akbar Shareef, Chairman & Chief Executive - Rakaposhi Tours (Pvt) Ltd., Pakistan (Photo by Global Travel Media)

Jumat, 16 Oktober 2020 - 17:15 WIB

PATA Honours Industry Leaders, Pioneers and Professionals at 69th Annual General Meeting

The following awards were presented during the 69th Annual General Meeting held online PATA Gallery of Legends Award, PATA Life Membership, and PATA Chair’s Award.

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Jumat, 16 Oktober 2020 - 17:00 WIB

3 Key Principles Businesses Must Keep In Mind When Securing the Remote Workforce

It is critical that organisations take steps to secure the remote workforce to prevent falling victim to the next cyber attack.

Tim Mackey, Principal Security Strategist, Synopsys Cybersecurity Research Centre (CyRC) (Photo by Synopsys)

Kamis, 15 Oktober 2020 - 19:05 WIB

Common Questions When Establishing an Organisational Culture of DevSecOps

Organisations are introducing security earlier in the software development life cycle (SDLC) by expanding close collaboration between development and operations teams in the DevOps movement…

Evan Dumas, Regional Director, Southeast Asia, Check Point Software Technologies (Photo by Linkedin)

Rabu, 14 Oktober 2020 - 21:45 WIB

Securing the Remote Workforce in the New Normal — 5 New Cyberthreat Trends to Look Out For

Check Point Research have observed 5 new trends in cyberthreats that were triggered by the outbreak of the coronavirus.

Hypertherm, a U.S. Based Manufacturer of Industrial Cutting Systems and Software

Rabu, 14 Oktober 2020 - 21:30 WIB

Hypertherm Releases New CSR Report with Updates On Community Outreach, Environmental Impact, and Associate Well-Being

Hypertherm, a U.S. based manufacturer of industrial cutting systems and software, announced the release of its 2019 Corporate Social Responsibility Report.