JAKARTA - Energy and Mineral Resources Minister (ESDM) Bahlil Lahadalia revealed that the battery ecosystem project of the consortium Zhejiang Huayou Cobalt Co., Ltd. or Huayou is not only used for electric vehicles but also supports the 100 GW Solar Power Plant (PLTS) program.
"I want this to be a parallel path because the President's direction is also an output to respond to the 100 GW PLTS program," said Bahlil, quoted on Saturday, January 31.
The project, which was previously called the Titan Project, is targeted to be able to produce batteries that are capable of storing power from installed PLTS. The 100 GW program is an initiative of President Prabowo Subianto through the Red and White Village Cooperative scheme.
"The battery is directly Made in Indonesia. So this is not only for car batteries, but it is also designed for solar panel batteries," added Bahlil.
For your information, this jumbo project is a consortium between PT Aneka Tambang Tbk (Antam), PT Industri Baterai Indonesia or Indonesia Battery Corporation (IBI) and HYD Investment Limited. As for HYD Investment Limited is a consortium of Zhejiang Huayou Cobalt Co., Ltd. and EVE Energy Co., Ltd., as well as PT Daaz Bara Lestari Tbk (DBL).
Bahlil emphasized that the majority ownership would be held by ANTAM as a state-owned enterprise because it must prioritize the interests of the state in accordance with Article 33 of the 1945 Constitution.
"I repeat, the direction of President Prabowo, that in order to reduce natural resources, both now and in the future, we must prioritize the interests of the country," he said.
With plans to produce 20 Giga Watt hours (GWh) of electric battery capacity, the ecosystem developed is projected to be one of the largest in Asia.
The estimated value of investment in this project reaches 6 billion US dollars, with the potential to create around 10,000 new jobs. The plan will be further detailed through a feasibility study that is still being prepared.
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