Indonesia may get $1.3b investment in renewable energy projects

A number of investors from Europe, United State and Qatar are in talks with the Indonesian government for collective investment of around $1.3 billion in the sectors of renewable energy and power plants in the country. This was revealed by a senior official at the Investment Coordinating Board (BKPM) .

The renewable energy projects are in line with the President Joko Widodo administration’s drive to reduce fossil fuel dependence in the country and expand the use of renewable energy.

The investment board is now facilitating meetings for investors with the representatives from the state electricity company PT Perusahaan Listrik Negara (PLN), the Energy and Mineral Resources Ministry and potential local partners.

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Posted September 17, 2015 by repit in News

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