Sri Mulyani, ADB President, discuss energy transition, early retirement of coal-fired power plants

Jakarta – Finance Minister Sri Mulyani Indrawati met with Asian Development Bank (ADB) President Masatsugu Asakawa on the sidelines of the 2024 World Bank-IMF Spring Meetings. This important meeting also discussed continuing the Energy Transition Mechanism (ETM) project cooperation initiated during Indonesia’s G20 Presidency in 2022.

During the meeting, Minister Indrawati and ADB President Asakawa focused on the early retirement trial plan of one of the 660 megawatt (MW) steam power plants (PLTU), which is part of a concrete effort to respond to the challenges of climate change.

“We are currently conducting a trial of early retirement of one of the 660-megawatt coal-fired power plants. We are discussing the continuation of the project cooperation with ADB President Masatsugu Asakawa,” Minister Sri Mulyani said, as quoted from her official Instagram account @smindrawati.

She said that this cooperation has the potential to become an example for other countries at the global level in implementing a real and effective energy transition.

“This cooperation also proves that a country cannot initiate the energy transition in isolation. MBD and the private sector must be involved,” said Indrawati.

On this occasion, she also expressed her gratitude for the support and cooperation that ADB has given to Indonesia so far and hoped that “the existing cooperation can be further strengthened, especially in continuing the energy transition agenda”. (Hartatik)

Banner photo source: Sri Mulyani Indrawati instagram account @smindrawati

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