Tencent The Indonesian government through the special envoy of the President of the Republic of Indonesia, Hashim Djojohadikusumo succeeded in capturing a green funding of EUR 1.2 billion for the electricity sector from Kredit Astalt Für Wiederaufbau (KFW) at the Conference of the Parties (COP) 29 in Baku, Azerbaijan, Wednesday (13/ 11/2024).
The funding is used to develop a number of green electricity infrastructure towards sustainable national energy self -sufficiency. This agreement was marked by the signing of the Memorandum of Understanding (MoU) between PT PLN (Persero) and KFW for the development of a net energy project, namely the Pumped Storage Hydroelectric Power Plant (PLTA) and the transmission that connects to the green plant.
In addition, Hashim stressed that the government is committed to accelerating energy transitions. By raising collaboration to the global level, the transition to renewable energy is expected to be able to sustain energy self -sufficiency and encourage national economic growth.
“We have had a new strategy for the next five years by achieving an economic growth of at least 8% on an ongoing basis,” Hashim said in an official statement, Friday (11/15/20234).
Hashim said, the development of net energy sources played a crucial role in increasing industrial competitiveness. In the next 15 years, Indonesia’s renewable energy generation capacity is targeted to increase 75% of the total additional electricity capacity of 100 Gigawatt (GW).
“We will become a big country that will fulfill responsibility in maintaining the future of the environment. We greatly appreciate international cooperation that has been established as a form of joint effort to achieve the Net Zero Emission (NZE) target,” Hashim explained.
PLN President Director, Darmawan Prasodjo revealed, PLN fully supports the government’s steps to run energy transitions. Various collaboration and initiatives have been carried out by PLN to succeed sustainable electrical projects.
He added, KFW’s involvement in PLN green projects was expected to be able to attract more international partners to collaborate. So that, a strategy, technical and continuous investment collaboration will be created in global climate actions.
“This collaboration marks PLN’s proactive steps in expanding international partnerships in improving sustainable national energy self -sufficiency in the direction of global climate actions,” Darmawan said.
KFW Group’s Sustainability Officer, Jürgen Kern explained KFW’s support for Indonesia was a form of Germany’s commitment in supporting international cooperation to achieve green transformation.
Moreover, according to Jürgen, PLN is the center of energy transition in Indonesia. PLN has a strong commitment to green the energy sector while ensuring reliable energy access.
“Therefore, we believe that Indonesia-German continues to strengthen partnerships in the energy sector. Especially in clean energy projects such as geothermal, water and also transmission. To achieve NZE targets, good collaboration and partnership are needed,” Jürgen said.
November 15, 2024, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20241115144010-4-588533/ri-sukses-pikat-pendanaan-hijau-eur-12-miliar-di-cop-29)