"The Indonesian government has set a very large investment program. This is for the next 15 years, through 2040, with an investment of US$235 billion," said Hashim S. Djojohadikusumo, head of the Indonesian delegation to COP29, in Baku, Azerbaijan, on Monday.
He said that the investment is for building additional electricity capacity of up to 100 gigawatts, 75 percent of which will comprise new and renewable energy such as geothermal, hydropower, and nuclear energy.
"We will build a nuclear power center, and all of this will be implemented over 15 years. So this is a very massive program that the government has set," he added.
In addition, the government is committed to implementing new programs, such as carbon capture and storage. Many multinational companies have announced plans to invest in carbon storage, Hashim disclosed.
"Funding will not only come from the state budget because we all know the state budget is quite limited. We will invite interested parties to participate," he said.
He highlighted Indonesia's great potential to become a superpower in carbon storage, unlike many countries in the world.
"We have layers underground that can accommodate carbon massively. I heard from the government that Indonesia's (carbon storage) potential is 500 gigatons. So, Indonesia has extraordinary potential; we can get cooperation with foreign partners," he said.
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Translator: Desi Purnamawati, Yashinta Difa
Editor: Anton Santoso
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