The project will facilitate the replacement of high-polluting sources of power with clean, renewable energy, the USTDA noted in a statement issued by the US Embassy in Jakarta on Monday.
Medco President Director Eka Satria and USTDA Regional Director for the Indo-Pacific Verinda Fike participated in a grant-signing ceremony witnessed by the U.S. Embassy Jakarta Deputy Chief of Mission Michael F. Kleine.
“As one of the leading clean and renewable power companies in Indonesia, Medco Power continues to support the Indonesian Government’s commitment to climate change mitigation and targets towards emissions reduction and net zero goals,” said President Director of PT Medco Power Indonesia Eka Satria.
“This signing is also part of our climate change strategy in developing the electricity portfolio from renewable energy,” he remarked.
Meanwhile, USTDA Director Enoh T. Ebong expressed hope that the agency's partnership with Medco will advance Indonesia’s clean energy transition and offer communities in West Sumbawa a renewable source of power.
“We anticipate strong interest by the U.S. industry to partner with Medco on the implementation of this priority project and believe that the flexibility and relevance of our project preparation tools to Indonesia’s infrastructure needs makes us natural partners,” Ebong remarked.
During the signing, US Deputy Chief of Mission Michael F. Kleine stated that the U.S. government is proud to partner with Indonesia to promote renewable energy solutions.
“This project demonstrates the strong commitment of the United States to help Indonesia in its clean energy transition towards achieving net zero emissions,” DCM Kleine stated.
The grant worth Rp15 billion (US$1.04 million) supports Indonesia’s clean energy transition under the Just Energy Transition Partnership (JETP).
The JETP is an Indonesian-led partnership based on Indonesia’s own ambitious climate targets. The JETP Secretariat is currently drafting the Comprehensive Investment and Policy Plan (CIPP) that will guide JETP financing over the next three to five years.
USTDA’s study will provide Medco with a detailed wind resource assessment, a preliminary geotechnical analysis, a power plant and interconnection system design, a grid integration study, a preliminary environmental and social impact assessment, a risk assessment, a cost and economic analysis, and an implementation plan. Related news: Bappenas warns of impact of early power plant phaseout on economy
Related news: BRIN invites private sector to develop nuclear power plants
Reporter: Yuni Arisandy Sinaga
Editor: Anton Santoso
Copyright © ANTARA 2023
