Indonesia's Big Property Developer Will Absorb 613 MWH PLN Green Electricity

PT PLN (Persero) will supply renewable electricity through Renewable Energy Certificated (REC) of 613 megawatt hour (MWh) to the Sinar Mas Land Group.

This REC was given by PLN for 5 (five) buildings belonging to Sinar Mas Land, namely Sinar Mas Land Plaza BSD, Sinar Mas Land Plaza Thamrin, MyRepublic Plaza BSD, Traveloka Campus, and Green Office Park (GOP) 9 BSD with a total supply of 45 thousand REC units carried out in stages.

General Manager of PLN UID Banten, Abdul Mukhlis added, until February 2023 PLN has issued nearly 580,000 REC units to 316 corporate customers, this is PLN's commitment to supporting global business needs. The number continues to grow, in 2022 it almost increased 6 times when compared to 2021.

"We are quite happy because of the enthusiasm of the users with an increase in interest in REC almost 6 times compared to 2021, PLN continues to be committed to increasing the capacity of PLN's REC, which is currently equivalent to 3 million REC or equivalent to 3 TWh," said Abdul Mukhlis.

On a separate occasion, the President Director of PLN, Darmawan Prasodjo, said that PLN is always ready to collaborate with various parties as a joint effort to achieve the carbon emission reduction target. Darmawan emphasized that through REC, PLN provides an option to provide renewable electricity that can be utilized by all parties.

"REC is one of the innovations of PLN's green products to make it easier for customers to get recognition for the use of EBT which is transparent, accountable, and recognized internationally without having to spend investment costs for infrastructure development," said Darmawan.

Meanwhile, Sinar Mas Land's Chief Risk & Sustainability Officer, Muhammad Reza Abdulmajid said Sinar Mas Land's move to use clean electricity from PLN was a joint effort to achieve the energy transition target.

"The use of green electricity that is environmentally friendly from PLN is expected to achieve the company's decarbonization target of 35 percent of the energy sector in 2034 or equivalent to 35.476.10 tons of C02e. This initiative will also support the company's commitment to achieve net zero in 2060," said Reza.

For support in serving customer needs for REC, currently PLN has 4 registered generators, namely PLTP Kamojang with a capacity of 140 MW, PLTA Baku 80 MW, PLTP Lahendong 130 MW, PLTP Ulubelu 110 MW.