Masdar, Indonesia Discuss Clean Energy Investments

Indonesia’s Coordinating Minister for Economic Affairs Airlangga Hartarto on Wednesday held discussions with Masdar CEO Mohamed Jameel Al Ramahi on collaborative ventures in renewable energy investments.

The meeting took place as part of the ongoing World Government Summit (WGS) series in Dubai, Hartarto’s office in Indonesia said in a statement.

He said that the discussions with Al Ramahi focused on cooperation in the renewable energy sector, specifically the partnership between Indonesia and the UAE on the Cirata Floating Solar Power Plant (PLTS) project. This facility, located in Purwakarta, West Java, will be the largest floating solar power plant in Southeast Asia.

Masdar, the Emirati state-owned renewable energy company, has collaborated with Indonesia’s state-owned electricity company, PT PLN, on this project since November 2023.

As the largest floating solar power plant in ASEAN, with a capacity of 192 Megawatt Peak (MWp), the Cirata Solar Power Plant can supply electricity to 50,000 households.

Hartarto said that Cirata PLTS raises new hopes for Indonesia’s efforts to achieve sustainable energy and this collaboration demonstrated Masdar’s commitment to supporting the development of renewable energy in Indonesia.

More Cooperation Discussed

The meeting also included discussions on expanding cooperation between PLN and Masdar to increase the capacity of Cirata PLTS in the next phase. With a reservoir area spanning approximately 6,200 hectares, Cirata’s development potential could exceed 1,000 MWp, the Minister said.

He noted that this expanded cooperation began with the signing of the Cirata Phase II Joint Development Study Agreement last year.

To support energy security in Indonesia, Masdar has also partnered with PLN and state-owned oil company Pertamina on several renewable energy projects utilizing solar, wind, green hydrogen, and geothermal energy.

One of the projects being explored with PLN and Pertamina involves supporting the development of the new capital city (IKN) Nusantara in East Kalimantan.

In his comments, Mohamed Jameel Al Ramahi hoped that the development of clean energy in IKN, with a capacity of 200 MW, can be completed soon.

Meanwhile, Hartarto encouraged Masdar to explore additional opportunities for renewable energy cooperation, including nuclear energy, to facilitate the achievement of net zero emissions (NZE) by 2060, the statement added.