Conduct Feasibility Studies, United Arab Emirates Giants Want To Build Renewable Energy At IKN

Giving Letter to Proceed (LtP) a feasibility study at IKN by Deputy for Funding and Investment of the IKN Authority Agung Wicaksono to Masdar's Director of Development & Investment, Abdulla Zayed. Photo: Doc. OIKN

JAKARTA - The United Arab Emirates (UAE) clean energy giant, namely Abu Dhabi Future Energy PJSC or Masdar will conduct a feasibility study for the development of a 200 MW renewable energy project in the capital city of Nusantara (IKN), East Kalimantan. This is part of the company's commitment to building renewable energy of 2 GW.

This announcement was marked by the giving of a Letter to Proceed (LtP) feasibility study at IKN by the Deputy for Funding and Investment of the IKN Authority Agung Wicaksono to Masdar's Director of Development & Investment, Abdulla Zayed.

The LtP handover ceremony was witnessed by the Minister of Energy of the United Arab Emirates Suhail Mohamed Al Mazrouei, Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan and Ambassador of the United Arab Emirates Abdulla Salem AlDhaheri.

Head of the IKN Authority, Bambang Susantono, said that Indonesia is committed to making IKN a city that prioritizes sustainability aspects. His party also welcomed Masdar's plan to conduct an investment study for renewable energy power plants of 200 MW at IKN.

"We also appreciate Masdar's further commitment of 2 GW, in order to support the fulfillment of the renewable energy plan in the archipelago. By prioritizing renewable energy such as solar power and wind, this will place Nusantara as an environmentally friendly city model that utilizes clean energy," said Bambang in his official statement, quoted Wednesday, May 22.

Meanwhile, Chief Executive Officer Masdar Mohamed Jameel Al Ramahi said the UAE remains strongly committed to advancing the Indonesian energy sector, focusing on renewable energy.

In line with the UAE Consensus achieved at COP28, Masdar is dedicated to establishing partnerships that provide transformative solutions for access to clean energy.

"Our joint efforts will encourage investment in green hydrogen, solar power and wind to position Indonesia as the leader of the region in the global energy transition," he said.

Meanwhile, the Deputy for Funding and Investment of the IKN Authority, Agung Wicaksono, said that this agenda is a tangible form of interest in foreign investment in IKN that has entered the project development stage.

"Letter to Proceed is an improvement in one of the investment stages which will then begin a feasibility study by Masdar. The development is supported by the IKN Authority's strategic partnership with the Indonesia Investment Authority (INA) and an advisory from the Tony Blair Institute for Global Change," he said.