Jakarta – President Prabowo Subianto’s administration has targeted increasing national electricity capacity by 100 gigawatts (GW) in the next 15 years, in line with efforts to accelerate the transition to clean energy. The government is also opening opportunities for international investment to support the achievement of the target. This was revealed by Hashim Djojohadikusumo, Head of the Indonesian Delegation at the COP29 Climate Change Conference in Baku, Azerbaijan, on Tuesday, November 19.
“We are optimistic that Indonesia can achieve this target because many parties are interested in contributing. I think funding will not be a big obstacle,” Hashim said.
The Indonesian government has invited developed countries, including the United States, Europe, Japan, China and South Korea, to get involved in renewable energy projects. In a meeting with the President’s special envoy, Joe Biden, Hashim confirmed that the United States continues to support the Just Energy Transition Partnership (JETP) program, an integral part of Indonesia’s energy transition financing.
“JETP will significantly contribute to accelerating the implementation of clean energy in Indonesia. We are optimistic that this financing will be sufficient,” he added.
Major projects designed under the energy transition framework will be focused on business-to-business (B2B) mechanisms. Under this scheme, the government will engage private companies as investment partners.
“The investors involved will operate as companies, not representatives of the state, to make a profit through their investments,” Hashim explained.
He added that the partner selection process will be conducted through an auction mechanism to ensure transparency and investment sustainability. Of the total investment needs estimated at USD 235 billion or around Rp 3,717 trillion, most will be allocated to build renewable energy infrastructure such as solar, wind and hydropower plants. The government believes that strong commitment from the private sector and international support will be key to the success of this project.
“The energy transition is not just Indonesia’s responsibility, but part of a global responsibility. With the right cooperation and investment, we believe this is a strategic step towards achieving net zero emissions,” concluded Hashim.
This ambitious plan has become one of the main highlights of international discussions, considering that Indonesia has great potential in renewable energy. The government hopes that this step will strengthen national energy security and contribute to the global agenda of combating climate change. (Hartatik)
