Jakarta – PT PLN (Persero) requires an investment of USD 700 million or around Rp 10.5 trillion to build 0.2 Giga Watt (GW) of solar power plants (PLTS) in 94 remote areas. The project is a short-term programme to achieve the Net Zero Emission (NZE) target by 2060.
Evy Haryadi, PLN’s Director of Transmission and System Planning, said that the investment in the renewable energy-based programme and the de-dieselisation of fossil plants was directed from Just Energy Transition Partnership (JETP) funding aimed at accelerating Indonesia’s energy transition programme.
“JETP JETP is committed to providing funds for various green programmes of its member countries, in accordance with the agreement of country leaders at the G20 Summit in Bali in 2022 with a commitment to funding the energy transition,” he said in an official statement.
For the first phase, PLN plans to build 0.2 GW of solar power plants in 94 different locations. The project is estimated to require an investment of USD 7 million. PLN through its subholdings, PLN Nusantara Power and PLN Indonesia Power, is actively looking for strategic partners to collaborate with for the success of the de-dieselisation programme.
Head of JETP Secretary, Edo Mahendra, said that for the past six months, from February to August 2023, JETP has been working on a detailed plan to allocate a commitment fund of USD 20 billion. The hope is that the various energy transition programmes that have been designed by countries that are members of the JETP can be implemented immediately. (Hartatik)