PT PLN (Persero) is stepping up efforts to attract investments in New and Renewable Energy (EBT) as part of Indonesia’s energy transition strategy. The announcement was made by Burhanuddin Abdullah, President Commissioner of PT PLN, during the talk show “8% Economic Growth and Energy Transition: Challenges and Opportunities” at the Electricity Connect 2024 event in Jakarta on Friday.
Burhanuddin highlighted the critical role of renewable energy development in supporting national economic growth, emphasizing that PLN is committed to fostering a low-carbon future.
“We are exploring and developing financing solutions for renewable energy projects in line with our energy transition goals,” he stated.
Driving Renewable Energy Innovation
Burhanuddin outlined PLN’s initiatives to advance renewable energy technology, including the establishment of a solar panel manufacturing facility that meets international standards. The facility aims to reduce import dependency, bolster local industry, and create green jobs.
“This step strengthens domestic capacity and supports the broader energy transition,” he explained.
Creating a Conducive Investment Climate
Addressing global uncertainties, Burhanuddin stressed the importance of transparency and regulatory clarity to build investor confidence.
“Amidst global challenges, we recognize the need for a transparent and open approach to attract investments in renewable energy,” he noted.
He also urged PLN to embrace adaptive and innovative management practices, especially in leveraging technology and artificial intelligence to enhance operational efficiency.
Strengthening Financial Foundations
Burhanuddin assured that PLN’s strong financial position would be a key driver in accelerating the energy transition.
“With consistent record-breaking corporate profits, PLN is well-positioned to fund renewable energy projects and contribute to Indonesia’s sustainability goals,” he added.
Digital Platforms for Investment Transparency
PLN is also developing a digital platform to provide real-time, transparent data on EBT projects. The platform aims to boost investor confidence by detailing project potential, risks, and funding requirements.
“This initiative will showcase EBT project opportunities clearly, making them more appealing to investors,” Burhanuddin concluded.
The talk show was part of the Electricity Connect 2024 series, which brings together stakeholders to discuss strategies for achieving sustainable economic growth through energy transition efforts.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
