Already Investigating The Agreement, Prabowo Ensures China Is Working On The Indonesian Energy Project

President Prabowo (Photo: Antara)

JAKARTA - During a state visit to the People's Republic of China (RRT), President Prabowo Subianto accompanied by Minister of Energy and Mineral Resources (ESDM) Bahlil Lahadalia witnessed the signing of a number of cooperation agreements at the Indonesia-China Business Forum (ICBF) 2024.

The President expressed high optimism that this collaboration will encourage the acceleration of investment in Indonesia, especially in the energy sector. This collaboration will not only encourage investment in both countries, but will also contribute to regional stability and economic growth.

"And we are very optimistic. We strongly encourage this prospect, and we believe that close collaboration between Indonesia and China will be a factor to stabilize and improve the atmosphere of regional cooperation," Prabowo said, quoted on Tuesday, November 12.

On this occasion, a cooperation was also signed between a number of Indonesian companies and Chinese corporations with an investment value of up to 10 billion US dollars or equivalent to Rp. 156.19 trillion (exchange rate of Rp. 15,619).

"Today is very strategic, because the five-day deal is worth ten million, I think it's very strategic," he explained.

Several signed agreements include the development of EBT projects such as integrated hydroelectric power plants and the development of other clean energy supporting infrastructure. This collaboration is expected to increase the capacity of clean energy production in Indonesia and strengthen national energy security.

Minister of Energy and Mineral Resources Bahlil Lahadalia added that the 2024 ICBF is an important momentum for Indonesia to attract foreign direct investment in the development of a sustainable energy sector. Cooperation with China will accelerate our efforts in targeting at least 60 percent of new and renewable Energy-based power plants (EBT) from the total power plant for the next 10 years.

"The cooperation established in the 2024 ICBF will be a good example for other countries in the region in building mutually beneficial and sustainable cooperation," he concluded.