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

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

5166 - 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

President Jokowi and PM Australia PM Turnbull (Photo (Photo: BPMI)

Minggu, 18 Maret 2018 - 22:07 WIB

Combating Terrorism in Asia-Australia Needs a Hard and Soft Approach

President Joko Widodo stressed that the eradication of terrorism especially in Southeast Asia and Australia needs to use a hard approach and soft approach.

Mall Illustration

Minggu, 18 Maret 2018 - 20:46 WIB

Indonesia, Shopping Tour Heaven For Malaysian Tourists

Wonderful Indonesia, is now returning to Malaysia, but this time will participate in the Malaysian Association of Tour and Travel Agents (MATTA) Fair, March 16-April 1, 2018. The event is held…

Tambang Freeport

Minggu, 18 Maret 2018 - 20:34 WIB

Observer: Inalum Must Immediately Take Control of Freeport Divestment Share

An observer of UGM energy economy, Fahmy Radhi asked the parent company of state-owned mining company PT Indonesia Asahan Aluminum (Persero) or Inalum to own 51% stake in PT Freeport Indonesia.…

BRI ATM Network (Photo st)

Minggu, 18 Maret 2018 - 20:12 WIB

BRI Ensure Lost Funds Due to Skimming Nothing More Than Rp1 Billion

PT Bank Rakyat Indonesia (Persero) Tbk estimates that customer funds lost due to the theft of data on debit cards (skimming) in Ngadiluwih, Kediri, East Java, less than Rp 1 billion.

PT Timah (Persero) Tbk

Minggu, 18 Maret 2018 - 19:45 WIB

PT Timah Targets 2 Million Tons of Tin Production Up To 2021

PT Timah Tbk targets production to 2021 of 2 million tons of tin for the company to remain the second tin ore producer in the world.