Masdar is one of the leading companies for renewable energy. In recent news, Masdar and PT PJBI (subsidiary of Indonesia’s state-owned electricity company PT PLN) has now started its construction work on the Cirata Floating Photovoltaic Power Plant project. This is Indonesia’s first floating solar power plant.
The plant will start its operation in Q4 2020. The capacity of this plant is 145-megawatt (ac). This plant will be largest in the Southeast Asia and one of the biggest across the world. It is built on the Cirata reservoir in the West Java Province. The plant will power 50,000 homes and will add nearly 800 jobs.
HE Bahlil Lahadalia, The Minister of Investment for the Republic of Indonesia and chairman of the Indonesia Investment Coordinating Board, said, “The Ministry of Investment fully supports the investment realization of the Cirata Floating Solar Project by PT. PJBI and Masdar. This is a flagship project of the UAE’s investment in Indonesia, and most importantly, it is in line with the Indonesian Government’s target renewable energy mix of 23 percent by 2025. This project represents the UAE’s first investment in Indonesia’s renewable energy sector, and we look forward to further collaboration between our countries, as we leverage our natural resources to build a more sustainable future.”
“Reaching this historic milestone demonstrates the strength of the relationship between Indonesia and the United Arab Emirates. The UAE is committed to promoting and investing in clean energy projects around the world, and to taking positive action on climate change. We stand together with Indonesia on driving sustainable development and we will continue to support the nation’s clean energy transition,” said, HE Abdulla Salem Al Dhaheri, The Ambassador of the United Arab Emirates to the Republic of Indonesia and the ASEAN region.
The CEO of Masdar, Mohamed Jameel Al Ramahi, said, “This achievement would not have been possible without the constant support of the Government of Indonesia, our lenders, and our strategic partnership with PJBI and PT PLN, who have been with us on every step of our journey. The designation of this project as a National Strategic Project (PSN) has been invaluable in enabling us to make such significant progress and demonstrates that the Government recognizes the economic and social benefits the Cirata project will bring to the local community and to all of Indonesia.”
“This floating power project is a first for Indonesia and is also a significant step in PJBI’s renewable energy journey. We see tremendous potential for similar projects in Indonesia and we look forward to continuing our fruitful collaboration with Masdar to work on more renewable energy projects and help our nation achieve its clean energy objectives,” added The president director of PJBI, Amir Faisal.
By 2025, Indonesia is targeting 23% of its energy mix coming from renewable energy under its Electricity Infrastructure Acceleration Programme.
Also, The Indonesian government recently announced to raise the proportion of renewable power to 48% in the 2021-2030 national electricity plan, from 30% as per its previous plan.