Jakarta (ANTARA) - State electricity firm PT PLN is cooperating with the International Energy Agency (IEA) to finalize the Just Energy Transition Partnership Investment and Policy Plan (JETP IPP) for accelerating Indonesia's energy transition.

"We have the same vision for the future, that is, a future of sustainable energy that brings prosperity and glory to the nation and the world," PLN President Director Darmawan Prasodjo said here on Wednesday.

The cooperation was marked by the signing of a memorandum of understanding (MoU) between PLN and IEA in Paris, France, on Tuesday (April 18, 2023).

Prasodjo said that the cooperation between the two institutions has been established for a long time.

The new MoU is focused on supporting the global carbon emission reduction target.

IEA has become a global reference for analysis, data, policy, and solution recommendations for energy security, sustainable economy, and environmental development.

Many challenges exist in the energy transition projects, including Indonesia's dynamic demand for electricity, Prasodjo said.

"PLN and IEA will be the pioneers, showing the world that the energy transition road map can be built comprehensively from upstream to downstream through collaboration," he added.

In 2030, PT PLN will manage about 433 million tons of carbon emissions in the electricity sector in a business-as-usual scenario.

The actions outlined in the Electricity Supply Business Plan (RUPTL) for 2021–2030 alone are aimed at reducing carbon emissions to 335 million metric tons of CO2, which will serve as the foundation for achieving the net-zero emission (NZE) target by 2060.

Efforts to achieve NZE require accelerating measures such as attracting cheap funding for large investments.

"We have a common goal, which is to achieve net-zero emission. What we need is to consolidate every step," Prasodjo said.

Meanwhile, IEA Executive Director Fatih Birol said that the agency fully supports Indonesia's steps toward energy transition.

"We fully support Indonesia in the energy transition project. IEA's support to Indonesia can motivate other parties to collaborate in energy transition projects," he added.

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Translator: Benardy F, Kenzu
Editor: Sri Haryati
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