JAKARTA - President Prabowo Subianto summoned a number of ministers and downstream task forces to the Merdeka Palace, Jakarta, Friday, May 23. The agenda discussed is a follow-up to a priority downstream project that includes various strategic sectors.
The total investment is worth nearly 45 billion US dollars. After the meeting, the Minister of Energy and Mineral Resources (ESDM) who is also the Head of the Bahlil Lahadialia Downstream Task Force explained President Prabowo's direction to immediately groundbreaking.
The downstream project is planned for June 2025 to enter the groundbreaking stage. The strategic projects that were read out in the limited meeting included nickel downstream, bauxite, refinery construction and storage facilities, as well as strategic sectors such as fisheries, agriculture, plantations, and forestry.
According to Bahlil, one of the other main focuses is the development of the electric vehicle battery industry ecosystem. Most of the downstream project, according to Bahlil, will be financed by Danantara with larger share ownership.
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