Indonesia seeks Japanese investment in three renewable energy projects

Indonesia seeks Japanese investment in three renewable energy projects

Solar panels provide green energy to Sei Mangkei Special Economic Zone in North Sumatra. (ANTARA/HO-Pertamina/uyu)

Various monetary and fiscal policies have also been implemented to support the green economy transition.
Jakarta (ANTARA) - The Indonesian Government has sought investments for three renewable energy projects at the 2nd Indonesia-Japan Business Forum (IJBF), Indonesian Ambassador to Japan Heri Akhmadi said in a statement received here on Wednesday

The three projects are the Bantar Gebang Refuse-Derived Fuel Plant in Jakarta, the Minihydro Power Plant in Banyumas, and the Waste to Energy project in Semarang, he informed.

He said that the projects had been curated in a clean and clear manner by Bank Indonesia and the Capital Investment Coordinating Board representative offices in Tokyo.

He assured that the Indonesian Embassy in Japan would continue to strengthen the bilateral cooperation between the countries.

"We encourage the establishment of concrete cooperation in the renewable energy sector to expedite the energy transition implemented by the two countries," he said.

Governor of Bank Indonesia Perry Warjiyo also attended the virtual forum titled ‘Cooperation Opportunities in the Renewable Energy Sector’.

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He said that it is the right time to invest in Indonesia as the nation’s economic condition is starting to improve, with growth reaching 7.07 percent in the second quarter of 2021.

"Various monetary and fiscal policies have also been implemented to support the green economy transition, for instance, the issuance of green Sukuk (sharia-based bonds) since 2018," he added.

Meanwhile, Director General of New Renewable Energy and Energy Conservation at the Energy and Mineral Resources Ministry Dadan Kusdiana reaffirmed Indonesia’s commitment to achieving its carbon neutral target by 2060 through the Grand National Energy Strategy.

The 2nd IJBF was also attended by head of the Bank Indonesia Representative Office in Tokyo, Hilman Tisnawan, and more than 200 Japanese business actors.

The forum also featured a one-on-one meeting to explain the details of the cooperation scheme with Japanese investors.

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