Latest news with #MohamedAlRamahi
Trade Arabia
13-04-2025
- Business
- Trade Arabia
Masdar boosts floating solar leadership in Indonesia
Masdar, the UAE's clean energy leader, and PT PLN (Persero), Indonesia's state-owned electricity company, have signed two agreements that will advance the development of floating solar power projects in Southeast Asia's largest energy market. The companies signed a Memorandum of Understanding (MoU) to develop a floating solar power plant at the Jatigede Dam reservoir in West Java, after Masdar secured the lowest tariff in the Hijaunesia 2023 bidding program. Development of the plant is due to start this year, with completion scheduled for 2027. Masdar and PLN also signed a 'Principles of Agreement' to explore the potential expansion of Masdar's 145MWac Cirata Floating Photovoltaic Power Plant, the first phase of which began operations in November 2023. The agreements were signed on the sidelines of the state visit of Prabowo Subianto, President of the Republic of Indonesia, to the UAE. The signatories were Mohamed Al Ramahi, Chief Executive Officer of Masdar, and Dr Darmawan Prasodjo, President Director of PT PLN (Persero). The agreements build on the UAE's strong relationship with Indonesia and will contribute to the country's goal of achieving net-zero emissions by 2050. Last year, President Prabowo announced plans to add over 75GW of renewable energy capacity in the next 15 years as part of Indonesia's shift to a low-carbon economy. In February, the government established a new strategic investment management agency, Danantara Indonesia, designed to manage and enhance the global competitiveness of key state-owned enterprises, including PLN. Al Ramahi said: 'The Jatigede project will be a strong addition to our collaboration with PLN and its development, along with the expansion of our already record-breaking Cirata project, will enable us to build on our expertise in developing floating solar projects. These agreements also demonstrate our continuing commitment to supporting Indonesia's ambitious renewable energy objectives. We look forward to building on the already powerful partnership we enjoy with PLN to further explore developing renewable energy projects that drive sustainable growth in Indonesia.'
The National
11-04-2025
- Business
- The National
Masdar signs agreement to develop power plants in Indonesia
Abu Dhabi energy company Masdar has signed agreements to develop power plants in Indonesia, including a floating solar plant. The documents were signed during the state visit by Prabowo Subianto, President of Indonesia, to the UAE this week, state news agency Wam reported. Masdar signed the agreements with PT PLN (Persero), Indonesia's state-owned electricity company and the deal includes the development of a floating solar power plant at the Jatigede Dam in West Java. Development of the project is expected to start later this year and conclude in 2027. An agreement was also sealed to explore the potential expansion of Masdar's Cirata Floating Photovoltaic Power Plant, the first phase of which began operations in November 2023, Wam stated. 'The Jatigede project will be a strong addition to our collaboration with PLN and its development, along with the expansion of our already record-breaking Cirata project, will enable us to build on our expertise in developing floating solar projects," said Mohamed Al Ramahi, chief executive of Masdar. "These agreements also demonstrate our continuing commitment to supporting Indonesia's ambitious renewable energy objectives. We look forward to building on the already powerful partnership we enjoy with PLN to further explore developing renewable energy projects that drive sustainable growth in Indonesia.' Masdar has been heavily focusing on South-East Asia. The existing 145-megawatt Cirata plant in Indonesia is the largest floating solar facility in the region and can power an estimated 50,000 homes. "These collaborations are a testament to the shared global effort needed to address the climate crisis," said Darmawan Prasodjo, president director of PT PLN (Persero). "By expanding our renewable energy capacity, we're reducing fossil fuel dependence, enhancing energy sustainability, and strengthening energy sovereignty while driving economic growth.'
