President Calls for Acceleration of EV Battery Ecosystem

According to a recent release on the website of The President of The Republic of Indonesia,  President Joko Widodo held a limited meeting with cabinet ministers at the Merdeka Palace, to discuss investment developments in Indonesia and plans to develop the integrated electric battery industry. 

In his statement after the meeting, Minister of Investment/ Head of the Investment Coordinating Board (BKPM), Bahlil Lahadalia, explained the UK’s investment plan in building an electric battery ecosystem in Indonesia.

“Thank God, the (President) directive is that we will accelerate because this investment will be built in an industrial area that is green energy, will use wind power in Sulawesi in Bantaeng,” Bahlil explained.

The President also asked that the acceleration of ecosystem development be carried out primarily in the administrative process. However, the President reminded that acceleration should still be carried out in accordance with the applicable laws and regulations.

“This country has studied too many things until then we forget the principle things. So the direction of Mr. President clearly asks for it to be accelerated, in September everything must be finished,” he continued.

Furthermore, Bahlil said that the investment involving a consortium from England in building an electric battery ecosystem was in collaboration with a number of world companies and the national company PT Aneka Tambang (Antam). According to Bahlil, the development investment will start from mines to battery cells.

“Investment is approximately around USD 9-billion in the plan. If we can hurry we do it. This is an investment in building a car battery ecosystem from mines to battery cells,” he said.

Bahlil also hopes that this investment will be able to produce battery cells of up to 20 gigawatt hour (GWh) in the first stage of production. For the next stage, according to Bahlil, the production process can continue to be improved based on market demand both at home and abroad.

“Now in the future it will definitely be increased based on domestic demand and for exports,” said Bahlil.

Source: The President of The Republic of Indonesia website, BPMI Setpres/ Rusman

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