Perusahaan Listrik Negara (PLN) is seeking an investment of $700 million to install solar panels of 200 MW capacity in a bid to reduce carbon emissions and replace diesel power generators.
PLN aims to achieve net zero carbon emissions by the year 2060 and has 4.68 GW of installed solar panels between 2021 and 2030. 200 MW solar panels will be the first phase among other phases of a long-term plan as per the company’s director, Evy Haryadi.
Under the Just Energy Transition Partnership (JETP), various countries have pledged $20 billion in private as well as public financing to help Indonesia transition to renewable and clean energy.
The head of Indonesia’s JETP Secretariat, Edo Mahendra, announced that Indonesia is working towards completing a comprehensive plan for the allocation of funds for the JETP by August.
He further mentioned that the transition of PLN (Perusahaan Listrik Negara) from diesel power to renewable energy sources will serve as a test project within the JETP framework.