Jakarta (ANTARA) - Energy and Mineral Resources (ESDM) Minister Arifin Tasrif accentuated three steps to develop bilateral cooperation with the Gulf countries and ways to expand it into a wider regional cooperation.

In a press statement, here on Tuesday, the minister deemed it crucial to identify projects that are ready and currently available for investment, which are suitable for establishing collaboration with Gulf countries.

Theso projects included geothermal energy, hydropower, bioenergy, wind, and solar power plants in Indonesia.

"Several projects, such as the Muara Laboh Geothermal Power Plant, the Kayan Hydropower Power Plant, Legok Nangka Solar Power Plant, and the early retirement of Cirebon 1 Coal Power Plant, are currently in the investment and execution stages," Tasrif remarked at the ASEAN-Gulf Cooperation Council (GCC) Joint Regional Strategy Dialogue in Riyadh, Saudi Arabia, on Sunday (April 28).

The projects available for investment also include the development and expansion of transmission and distribution of five major power grid systems in Indonesia, he added.

Elaborating on the second step, the minister pressed for consistent and intensive discussions between the two regions, not only at the government level but also up to the technical and operational levels.

He emphasized the need to involve the private sector, financial institutions, technology providers and developers, and also academicians in intensive discussions.

"This dialogue can identify broader and innovative collaboration sectors as well as resolve differences and obstacles in project development and implementation," he stated.

In the next step, both regions need to encourage and facilitate private sector engagement in order to increase investment, transfer knowledge and technology, and boost innovation.

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Translator: Maria P, Kenzu
Editor: Aditya Eko Sigit Wicaksono
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