Coordinating Minister for Economic Affairs Airlangga Hartarto has just held a meeting with Fumio Kishida as the special envoy of the Prime Minister of Japan. The meeting was a follow-up to the previous meeting between President Prabowo Subianto and Kishida.
Airlangga said that in this meeting, both parties also witnessed the signing of the Financial Close between PT Supreme Energy Muara Laboh (PT SEML) and the Japan Bank for International Cooperation (JBIC) for the Muara Laboh Geothermal Power Plant (PLTP) project unit 2 in Solok, West Sumatra. The 88 Mega Watt capacity project has an investment of up to US$ 500 million or around IDR 8.2 trillion.
“Today the showcase that is already running is the Muara Laboh PLTP in Solok, West Sumatra with this financial close of 88 MW of the project with a project value approaching 500 million USD,” said Airlangga at the Coordinating Ministry for Economic Affairs Office, Jakarta, Monday (5/5/2025).
According to Airlangga, the funding of the Muara Laboh PLTP unit 2 projects by JBIC is a commitment of cooperation between the Indonesian and Japanese governments regarding the energy transition through the Asia Zero Emission Community (AZEC) initiative.
“In 2013, when he served as the Japanese Foreign Minister’s Partner, Mr. Kishida signed a joint crediting mechanism with the Coordinating Minister for the Economy at that time and then PM Kishida initiated the establishment of the ASEAN Zero Emission Economy Community, whose showcase that is currently running is the Muara Laboh PLTP in Solok,” he said.
In addition to the Muara Laboh PLTP, Airlangga revealed that a number of other projects have also been included in the first category of Indonesia-Japan cooperation under AZEC. The entire project includes the Legok Nangka waste-to-energy project, the Development of Sustainable Aviation Fuel (SAF), and the Sarulla PLTP along with the electricity transmission project from Java to Sumatra.
“Several other projects that have been included in category 1, namely Legok Nangka waste to energy, then Sustainable Aviation Fuel and Sarulla Geothermal Power Plant are also included in those that will be financed, namely the transmission line from Java to Sumatra and this is expected to enter the commercial stage and the visit of the former Prime Minister confirms the strong commitment of Indonesia and Japan to work together in a sustainable and low-carbon future,” said Airlangga.
May 5, 2025, CNBC Indonesia
(https://www.cnbcindonesia.com/news/20250505143853-4-631032/deal-jepang-pastikan-biayai-pembangkit-panas-bumi-rp82-t-di-sumbar)