Indonesia, Saudi Arabia to Build Floating Solar Power Plant in West Java

State-owned PT PLN Indonesia Power is collaborating with a Saudi Arabian company to construct a 60-megawatt floating solar power plant on the Saguling Reservoir in West Java, reports Antara News.

The project aims to bolster Indonesia’s renewable energy sector, according to the PLN president director Edwin Nugraha Putra.

“PT Indo ACWA Tenaga Saguling, a joint venture between PLN Indonesia Power and Saudia Arabian ACWA Power, will oversee the construction of the floating power plant,” Putra stated in a press release on Sunday (18/8/24.)

Antara News says the venture was formalized with the signing of a power purchase agreement (PPA) by PLN (Persero) President Director Darmawan Prasodjo and PT Indo ACWA Tenaga Saguling President Director Rudolf Rinaldo Aritonang.

“This PPA underscores PLN Indonesia Power’s commitment to the country’s energy transition,” Putra added.

The project is expected to commence with funding acquisition, followed by construction, with commercial operations targeted for June 2026.

The Saguling floating power plant aligns with PLN Indonesia Power’s efforts to accelerate the energy transition and support the government’s net-zero emissions goal by 2060, Putra said.

According to Antara News, this corporate action is one of the many efforts made by PLN Indonesia Power to minimize the effect of climate change as well as reduce greenhouse gas emissions, adding that the initiative contributes to mitigating climate change and reducing greenhouse gas emissions, a global challenge requiring international cooperation.

Putra emphasized the project’s potential to foster investment and strengthen Indonesia-Saudi Arabia relations.

ACWA Power’s EVP for South and Southeast Asia, Salman M Baray, expressed appreciation for PLN Indonesia Power’s commitment to renewable energy and the company’s transparent collaboration.

“I would like to give my appreciation to PLN Indonesia Power for opening up this cooperation opportunity very professionally and transparently,” he said.

 

Source: Antara News

Stock image by Bruno from Pixabay

Latest Article
F&B Industry Growth: Capitalizing on Indonesia’s Growing Demand
The F&B industry growth in Indonesia is surging, fueled by a young, dynamic population and rapid...
Gold Bank in Indonesia to Make Its Debut in 2025
The concept of a Gold Bank in Indonesia is set to transform the country’s financial landscape. Targeted...
Indonesia, Norway Sign MoU on Forestry Decarbonization
Indonesia’s Forestry Minister Raja Juli Antoni met with the Norwegian Ambassador to Indonesia, Rut Kruger...
Low Investment in Indonesia's SEZs: What’s Holding Back Growth?
Investment in Indonesia’s SEZs plays a critical role in driving the country’s economic growth,...
How the Negative Investment List in Indonesia Impacts Investors
The Negative Investment List in Indonesia has long served as a barrier for foreign investors looking...

Andrzej Barski

Director of Seven Stones Indonesia

Andrzej is Co-owner/ Founder and Director of Seven Stones Indonesia. He was born in the UK to Polish parents and has been living in Indonesia for more than 33-years. He is a skilled writer, trainer and marketer with a deep understanding of Indonesia and its many cultures after spending many years travelling across the archipelago from North Sumatra to Irian Jaya.

His experience covers Marketing, Branding, Advertising, Publishing, Real Estate and Training for 5-Star Hotels and Resorts in Bali and Jakarta, which has given him a passion for the customer experience. He’s a published author and a regular contributor to local and regional publications. His interests include conservation, eco-conscious initiatives, spirituality and motorcycles. Andrzej speaks English and Indonesian.

Terje H. Nilsen

Director of Seven Stones Indonesia

Terje is from Norway and has been living in Indonesia for over 20-years. He first came to Indonesia as a child and after earning his degree in Business Administration from the University of Agder in Norway, he moved to Indonesia in 1993, where he has worked in leading positions in education and the fitness/ wellness industries all over Indonesia including Jakarta, Banjarmasin, Medan and Bali.

He was Co-owner and CEO of the Paradise Property Group for 10-years and led the company to great success. He is now Co-owner/ Founder and Director of Seven Stones Indonesia offering market entry services for foreign investors, legal advice, sourcing of investments and in particular real estate investments. He has a soft spot for eco-friendly and socially sustainable projects and investments, while his personal business strengths are in property law, tourism trends, macroeconomics, Indonesian government and regulations. His personal interests are in sport, adventure, history and spiritual experiences.

Terje’s leadership, drive and knowledge are recognised across many industries and his unrivalled network of high level contacts in government and business spans the globe. He believes you do good and do well but always in that order. Terje speaks English, Indonesian and Norwegian.

Per Fredrik Ecker

Managing Director of Seven Stones Indonesia, Jakarta

Per is the Managing Director of the Seven Stones Indonesia (SSI) Jakarta office and has more than 25-years’ experience in Indonesia, China, and Western Europe. He previously worked in senior management positions with Q-Free ASA, Siemens AG, and other companies in the telecom sector. Over the last six years, he has been the Chairman of the Indonesia-Norway Business Council (INBC) and recently become elected to be on the board of EuroCham Indonesia.

His most recent experience is within Intelligent Transport Solutions (ITS), Telecom, and other sectors within the Indonesian market. He is today through his position in SSI and by representing Norway Connect, promoting Nordic and European companies that would like to explore business opportunities in the Indonesian market. He’s also playing an active role to help create the Nordic House concept in Jakarta that will provide an excellent platform for Nordic companies entering Indonesia, where they’ll find a community that can offer support with trusted information and affordable services to enter this market.

Contact Our Consultants

Ridwan Jasin Zachrie

CFO of Seven Stones Indonesia, Jakarta

Ridwan is one of Indonesia’s top executives with a long and illustrious career in the financial world. He holds several professional certifications including being a Certified Business Valuer (CBV) issued by the Australian Academy of Finance and Management; Broker-Dealer Representative (WPPE); and The Directorship Certification for Directors and Commissioners, issued by the Indonesian Institute of Commissioners and Directors.

His experience includes being the Managing Director at one of the top investment banking groups in the region, the Recapital Group, the CFO at State-owned enterprises in fishery industry and the CEO at Tanri Abeng & Son Holding. He’s also been an Independent Commissioner in several Financial Service companies and on the Audit and Risk Committee at Bank BTPN Tbk, Berau Coal Energy Tbk, Aetra Air Jakarta as well as working for Citibank, Bank Mandiri and HSBC. His last position was as CFO at PT Citra Putra Mandiri – OSO Group.

Ridwan has won a number of prestigious awards including the Best CFO Awards 2019 (Institute of Certified Management Accountant Australia-Indonesia); Asia Pacific Young Business Leader awarded by Asia 21 Network New York USA (Tokyo 2008); UK Alumni Business Awards 2008 awarded by the British Council; and The Most Inspiring Human Resources Practitioners’ version of Human Capital Magazine 2010.

He’s a member of the Board of Trustees of the Alumni Association of the Faculty of Law, Trisakti University, Co-Founder of the Paramadina Public Policy Institute and actively writes books, publications and articles in the mass media. He co-authored “Korupsi Mengorupsi Indonesia” in 2009, which helps those with an interest in understanding governance in Indonesia and the critical issue of corruption. Ridwan speaks Indonesian and English.