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RI offers Kayan, Mamberamo hydropower plant investment opportunities to China
Kayan hydropower project is located in North Kalimantan and Mamberamo hydropower project is located in Papua.
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Shared power: The forested highlands of South Sulawesi’s East Luwu regency tower over the Balambano hydropower plant in Wasuponda village on July 29, 2023. Built to support the operations of nickel producer PT Vale Indonesia, the power plant generates 110 megawatts, of which 10 MW are distributed to the surrounding community. (Antara/Jojon)
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nergy and Mineral Resources Minister Bahlil Lahadalia has offered Chinese investors the 13 gigawatt (GW) Kayan hydropower project in North Kalimantan and the 24 GW Mamberamo hydropower project in Papua.
Bahlil said the energy sector had a critical role in driving sustainable energy, economic growth and technological advancement for both countries, including on energy transition efforts to significantly reduce carbon emissions.
“I’m offering Chinese fellow investors several opportunities that we can develop together. This [the ICEF] is where meetings will be held to find a suitable formulation to establish business partnerships,” he said during the seventh Indonesia China Energy Forum (ICEF) in Bali, as quoted in a statement on Tuesday.
Read also: Indonesia to abandon 23% renewable energy target
Bahlil added that the government would also focus on pushing for more sustainable downstream projects, which will rely on renewable electricity.
Indonesia has continued to miss its renewable investment targets in the past few years. Last year, it only attracted US$1.48 billion in new and renewable energy investments, falling short at 82 percent of the $1.8 billion target set for the year.
Between 2017 and 2023, Indonesia only attracted between $1.1 billion and $1.6 billion annually, according to Energy and Mineral Resources Ministry data.
