The state-owned power provider in Indonesia, PT Perusahaan Listrik Negara (PLN), and ACWA Power have signed a memorandum of understanding. The deal covers green hydrogen development in Indonesia as well as the development of battery storage for renewable energy installations.
A project study for pump storage for a 600–800 MW hydroelectricity facility, an investigation into the viability of a 4 GW battery energy storage system, and the development of an environmentally friendly hydrogen/ammonia facility that is powered by hydroelectricity are all covered by the terms of the MoU.
The deal includes a specific capacity-building mandate for PLN’s personnel and lays out a clear pipeline of renewable energy and technology growth for ACWA Power within the nation.
Indonesia is focused on improving sustainable development through strategic partnerships as a country with fast-paced economic expansion. We are happy to expand our partnership and bolster our footprint in the nation with the signing of this substantial MoU on renewable energy and green hydrogen with PLN. According to Paddy Padmanathan, CEO and Vice Chairman of ACWA Power, “We look forward to working with the government to ensure that its renewable energy targets are realized.
According to Indonesia’s National General Energy Plan, 23% of the nation’s electricity will come from renewable sources by 2025. PLN is the sole consumer of electricity generated by independent power projects, including electricity generated by renewable energy projects, in the Republic. As of the previous year, the company owned or ran almost two-thirds of Indonesia’s power-producing sector or roughly 65.5GW of electricity.
