Latest news with #PTPLN
Korea Herald
28-05-2025
- Business
- Korea Herald
Witnessed by President Prabowo and President Macron, PT SMI Explores the Potential for Financial Support Related to Hydrogen Utilization for Electrification
JAKARTA, Indonesia, May 28, 2025 /PRNewswire/ -- PT Sarana Multi Infrastruktur (Persero) ("PT SMI") reaffirms its commitment to accelerating the energy transition in Indonesia. PT SMI is exploring potential collaboration with PT Perusahaan Listrik Negara (Persero) ("PT PLN") and HDF Energy. The Memorandum of Understanding (MoU) for Exploring Financing Support Related to Hydrogen Utilization for Electrification, signed by the three parties, was announced directly in front of the President of the Republic of Indonesia, Prabowo Subianto, and the President of France, Emmanuel Macron, at the State Palace, Jakarta, on Wednesday, May 28, 2025. The President Director of PT SMI, Reynaldi Hermansjah, the President Director of PT PLN, Darmawan Prasodjo, and the Founder & CEO of HDF Energy, Damien Havard, who are the signatories of the MoU, were also present at the State Palace. The announcement of this MoU is one of the series of agendas during President Macron's bilateral visit to Indonesia. Through this agreement, PT SMI further demonstrates its role in fostering collaboration with various parties on climate issues. "Today is a very important day for PT SMI, as our active role in the energy transition has been appreciated by President Prabowo and President Macron. This certainly motivates us even more to enhance our collaborative spirit in helping to address the impacts of climate change. We are interested in exploring support for this project due to several aspects, namely first, support for the implementation of new technology, specifically hydrogen in the energy transition aspect, then the project's location in Eastern Indonesia, which is a priority area for us, and the need for blended finance," said Reynaldi Hermansjah, President Director of PT SMI. Through the newly signed MoU, PT SMI, PT PLN, and HDF Energy are ready to collaborate in developing Hydrogen on Sumba Island, East Nusa Tenggara. This project will also place Indonesia at the forefront of the Asia-Pacific region in the development of clean energy based on fuel cell technology, leveraging HDF Energy's specialization in hydrogen-to-power technology. HDF Energy is a French company that develops and operates hydrogen infrastructure, focusing on the development of power plants that can continuously generate electricity sourced from renewable energy and Megawatt-scale fuel cells. This project is projected to reduce Greenhouse Gas (GHG) emissions by 711,946 tCO2e over 25 years of operation or an average of 28,478 tCO2e per year. In addition to environmental benefits, PT SMI also highlights the significant advantages of this project, especially for the socio-economic conditions of the surrounding communities in Sumba Island. "This project will provide access to clean and stable energy for more than 10 thousand households in Sumba, without any negative impact on the environment. Of course, this will benefit the community in providing their electricity needs for daily activities. Moreover, this project will also accelerate local economic growth, as it supports the local agriculture and tourism sectors, and creates new jobs, employing more than 100 workers during its construction and operational phases," added Reynaldi. As of March 2025, PT SMI has financed 96 climate-related projects with a cumulative commitment of IDR 34.1 trillion and a project value of IDR 175.3 trillion. As many as 48 projects have been calculated, resulting in a potential avoided Greenhouse Gas (GHG) of 4.0 million tons of CO2-Equivalent and a potential Carbon Credit Equivalent of USD 14 million. PT Sarana Multi Infrastruktur (Persero) ("PT SMI"), established on February 26, 2009, is a State-Owned Enterprise under the coordination of the Ministry of Finance, in the form of a Non-Bank Financial Institution (LKBB). PT SMI plays a role and has a mandate as an agent of sustainable development. PT SMI has 3 business pillars, namely Commercial Financing, Public Financing, and Advisory Service and Project Development. PT SMI has various functions and unique products/features to support the acceleration of infrastructure development, which not only serves as infrastructure financing but also as an enabler through the implementation of the Government and Business Entity Cooperation (KPBU) scheme involving various financial institutions, both private and multilateral. PT SMI actively supports the implementation of Public Private Partnership (PPP) and encourages the acceleration of infrastructure development in the regions through regional loan products.
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.'
Mid East Info
12-04-2025
- Business
- Mid East Info
Masdar Advances Floating Solar Leadership with New Indonesia Agreements - Middle East Business News and Information
Masdar signs agreements with PT PLN (Persero) on sidelines of state visit of Prabowo Subianto, President of Republic of Indonesia, to UAE MoU signed to develop Jatigede floating solar plant after Masdar achieved lowest tariff in Hijaunesia 2023 bidding program Agreement also signed to explore the potential expansion of Cirata Floating Photovoltaic Power Plant Abu Dhabi, United Arab Emirates: Abu Dhabi Future Energy Company PJSC – 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 H.E. Prabowo Subianto, President of the Republic of Indonesia, to the UAE. The signatories were Mohamed Jameel 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. Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, 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.' Darmawan Prasodjo, President Director of PT PLN (Persero), added, 'PLN is fully committed to leading Indonesia's energy transition. These collaborations are a testament to the shared global effort needed to address the climate crisis. By expanding our renewable energy capacity, we're reducing fossil fuel dependence, enhancing energy sustainability, and strengthening energy sovereignty while driving economic growth.' Masdar's innovative Cirata project began operations in 2023, with the plant now generating enough renewable energy to power 50,000 homes, while displacing 214,000 tonnes of carbon emissions per year. Following regulatory changes increasing the proportion of water coverage allowed for renewable energy usage, Masdar and PLN signed an agreement in 2023 to work on jointly assessing the increase of Cirata's capacity. This latest agreement follows the successful completion of studies into the feasibility of the expansion. Indonesia, the world's largest archipelago with more than 17,000 islands and over 600 natural lakes and reservoirs, offers ideal conditions for the growth of floating solar power. Indonesia is a key strategic partner in Southeast Asia for the UAE, where it has an expanding portfolio of interests, including a strategic investment in 2023 that marked Masdar's entry into the geothermal energy sector. Masdar opened an office in Jakarta in 2021 to further strengthen links with key players within the region. Masdar has significantly increased its global renewable energy portfolio in the past two years, increasing overall capacity 150 percent to 51GW by the end of 2024, from 20GW in 2022. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year. About Masdar: Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 50 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
Gulf Today
11-04-2025
- Business
- Gulf Today
Masdar teams up with Indonesian firm to build a floating solar plant
Abu Dhabi Future Energy Company – 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 programme. 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 H.E. Prabowo Subianto, President of the Republic of Indonesia, to the UAE. The signatories were Mohamed Jameel 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. Mohamed Jameel Al Ramahi, Chief Executive Officer, Masdar, 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.' Darmawan Prasodjo, President Director of PT PLN (Persero), added, 'PLN is fully committed to leading Indonesia's energy transition. These collaborations are a testament to the shared global effort needed to address the climate crisis. By expanding our renewable energy capacity, we're reducing fossil fuel dependence, enhancing energy sustainability, and strengthening energy sovereignty while driving economic growth.' Masdar's innovative Cirata project began operations in 2023, with the plant now generating enough renewable energy to power 50,000 homes, while displacing 214,000 tonnes of carbon emissions per year. Following regulatory changes increasing the proportion of water coverage allowed for renewable energy usage, Masdar and PLN signed an agreement in 2023 to work on jointly assessing the increase of Cirata's capacity. This latest agreement follows the successful completion of studies into the feasibility of the expansion. Indonesia, the world's largest archipelago with more than 17,000 islands and over 600 natural lakes and reservoirs, offers ideal conditions for the growth of floating solar power. Indonesia is a key strategic partner in Southeast Asia for the UAE, where it has an expanding portfolio of interests, including a strategic investment in 2023 that marked Masdar's entry into the geothermal energy sector. Masdar opened an office in Jakarta in 2021 to further strengthen links with key players within the region. Masdar has significantly increased its global renewable energy portfolio in the past two years, increasing overall capacity 150 per cent to 51GW by the end of 2024, from 20GW in 2022. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030 and to become a leading producer of green hydrogen by the same year. Masdar Masdar (Abu Dhabi Future Energy Company) is one of the world's fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 50 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future. Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.
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.'
