Dian Kusumo Hapsari
IDXChannel - The Ministry of Energy and Mineral Resources underlined the significant role of the private sector in helping Indonesia's financing efforts to achieve the net zero emissions target.
"It requires involvement from the private sector, not only the government but the ecosystem must also be built properly. Well, financially, industrial support must also be included," the ministry's Director General of New, Renewable Energy and Energy Conservation Eniya Listiani Dewi said.
Speaking at the Indonesia International Sustainability Forum (IISF) 2024 in Jakarta on Friday (Sept 6), she underscored the need for contribution from the private sector, for example, to cooperate with state-owned electricity company PT PLN to build transmission lines.
"Until 2033, the project will need around USD40 billion, not to mention the power. Hence, to fulfill the target of renewable energy sources, according to the RUPTL (Electricity Supply Business Plan), it will need another USD80 billion until 2033," she remarked.
Considering the need for financing of such high value, the role of the domestic industry was also deemed necessary.
