Thursday, February 6, 2025

UAE’s Masdar to expand renewable energy investments in Indonesia

Reading Time: 2 minutes
Julian Isaac

Journalist

Editor

Interview

Masdar, a clean energy company from the United Arab Emirates (UAE) based in Abu Dhabi, has expressed its commitment to increase investment in Indonesia.

Abdulaziz Alobaidli, Chief Operating Officer (COO) of Masdar,said the auction process for new projects in Indonesia with State power utility PT PLN is ongoing.

“At least, in one of the projects auctioned by PLN, we are one of those shortlisted, and are currently in the clarification stage with the procurement party,” Abdulaziz said as quoted by Antara on Tuesday, January 14, 2025.

Masdar was selected for the new project due to the company’s success in developing the Cirata Floating Solar Power Plant (PLTS) project, in the Cirata Reservoir, West Java.

Currently, the 200-hectare (ha) Floating PLTS produces 192 MWp of green energy with 13 solar panel islands that can generate electricity to be distributed to more than 50,000 homes.

Abdulaziz hopes to expand investment in Indonesia for new renewable energy projects. Previously, Masdar and PLN Nusantara Power (PLN NP) agreed to study the potential for increasing the capacity of environmentally friendly power plants.

In addition, PLN and Masdar signed a Memorandum of Understanding (MoU) to explore the development of energy business for the international market.

PLN President Director, Darmawan Prasodjo, said that through cooperation with Masdar, PLN will study the exploration of additional installed capacity for the Cirata Floating PLTS. This opportunity is very large because only 4 percent of the maximum 20 percent of the lake’s surface area is utilized.

Abdulaziz said Indonesia would remain a renewable energy hub in the Southeast Asia region, despite having various investments with Indonesia’s neighboring countries.

In addition, Masdar received a Letter to Proceed (LtP) in the Government Cooperation with Business Entities (KPBU) for renewable energy in the Archipelago, East Kalimantan from the Indonesian Capital Authority (OIKN). Masdar currently holds a 15 percent stake in PT Pertamina Geothermal Energy Tbk (PGE).

Meanwhile, Masdar is conducting a feasibility study for wind power plants (PLTB) and the potential for building hydroelectric power plants (PLTA) with a pumped storage system or pumping water to a higher reservoir when there is excess electricity. However, the potential for wind power plants is difficult to develop due to the complex topography.

Julian Isaac

Journalist

 

Editor

 

Interview

SUBSCRIBE NOW
We will provide you with an invoice for your reimbursable expenses.

Free

New to Indonesian market? Read our free articles before subscribing to the premium plan. If you already run your business in Indonesia, make sure to subscribe to the premium subscription so you won’t miss any intelligence & business opportunities.

Premium

$550 USD/Year

or

$45 USD/Month

Cancelation: you can cancel your subscription at any time, by sending us an email inquiry@ibp-media.com

Add keywords to your market watch and receive notification:
Schedule a free consultation with us:

We’ll contact you for confirmation.

FURTHER READING

PT Pupuk Kujang, a subsidiay of State-owned fertilizer producer holding company PT Pupuk Indonesia, is conducting a trial production of green ammonia projected to replace coal in the power generation industry.
The government has planned to increase national energy buffer reserves from 21 days to 51 days by establishing a petroleum storage facility on Nipa Island, Riau Islands.
The Cirebon-1 Coal-fired Power Plant (PLTU), which is planned for early retirement, is estimated to attract investment worth US$198 million (Rp3.2 trillion) through the construction of a solar panel and electric battery factory.
President Prabowo Subianto has considered building a giant sea wall of 700 kilometers (km) in length from Banten to East Java aimed at protecting rice fields on the northern coast of Java from the impacts of increased sea level.
Star Energy Geothermal, a subsidiary of PT Barito Renewables Energy (BREN), is collaborating with global energy technology company SLB to accelerate technology in developing geothermal assets aimed at increasing the efficiency and economy of the company’s geothermal assets.
State power utility PT PLN has confirmed its commitment to supporting the 8-percent economic growth target through the development of electricity infrastructure that will cater the needs of industry, new areas development, and remote regions.