State power utility PT PLN has voiced its readiness to support the government in creating a sustainable investment ecosystem for the sake of national economic growth.
Minister of Investment/Head of the Investment Coordinating Board, Rosan P. Roeslani, said that sustainability-oriented investment will be able to boost the Indonesian economy along with the eight-percent economic growth target set by President-elect Prabowo Subianto.
“What we want is export-oriented investment, which is done in a sustainable manner. That is the theme that we will carry forward,” Rosan told the Kompas 100 CEO Forum 2024 at Garuda Palace, the Nusantara Capital City (IKN) on Friday, October 11, 2024.
He said clean energy-based sustainable investment is the main demand of global investors that all stakeholders in the country should seize this opportunity.
Not only that, Rosan added, the government will also encourage the development of industrial parks supported by clean energy.
“The base is clean energy. Therefore, we will also encourage clean energy industrial parks in Indonesia,” he said.
PLN President Director, Darmawan Prasodjo, said the company has dedicated a special service to answer the industry’s need for reliable and affordable clean electricity supply, with one of its flagship products being the Renewable Energy Certificate (REC).
“Through this service, we are ready to support the sustainable investment that the government is focusing on. This step is also in line with our efforts to achieve Net Zero Emissions (NZE) by 2060,” he said.
Darmawan cited that the electricity supply from the Green Energy As a Service (GEAS) service is sourced from new renewable energy (EBT) based plants.
“In line with the industrial sector’s commitment to support decarbonization in Indonesia, PLN provides green electricity through internationally recognized RECs. Each REC certificate proves that the electricity per megawatt hour (MWh) used comes from renewable or non-fossil power plants,” he said.
As of September 2024, PLN’s REC green electricity service has been enjoyed by thousands of customers with a total of 9,776 transactions whose sales reached 4.01 million Megawatt hours (MWh). This figure shows significant growth compared to the same period in 2023 which reached 2,554 transactions with sales of 2.33 million MWh.
Darmawan vowed that PLN would continue to increase clean energy capacity to meet the growing demand for green electricity for industry.
“In this case we have also succeeded in adding two plants as REC sources. So that currently we have eight plants that can issue RECs with a production capacity of 4.7 million REC units or 4.7 TWh per year and this number will continue to grow,” he said.
The two REC source plants that PLN has added this year are the Ulumbu Geothermal Power Plant (PLTP) in East Nusa Tenggara and the Orya Genyem Hydroelectric Power Plant (PLTA) in Papua.
The two EBT-based plants above have joined six other plants that have been supplying PLN’s REC green electricity, namely the Ulubelu PLTP, Cirata PLTA, Kamojang PLTP, Lambur PLTM, Bakaru PLTA, and Lahendong PLTP.
