JAKARTA - Quantum Power Asia Pte Ltd (Quantum) expressed its intention to develop and fund large-scale solar power generation projects (PLTS) in the capital city of Nusantara (IKN).
In addition, Quantum also encourages clean energy technology to support the archipelago into a net city of zero emissions by 2045.
Managing Director and CEO of Quantum, Simon G Bell during his visit to IKN on Friday, June 2, confirmed Quantum's willingness to support IKN development to Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan and Minister of Public Works and Public Housing Basuki Hadimuljono.
"We have witnessed the commitment of the Indonesian government to build the archipelago on our visit today. The step to empower the archipelago through clean energy is a form of our action in accordance with the main principles of Quantum, namely 'Indonesia First'," said Managing Director and CEO of Quantum Power Asia Simon G Bell quoting Antara, Saturday, June 3.
Quantum provides itself as a catalyst for the clean energy transition in Indonesia, starting from greening nickel supply chains in the Indonesia Morowali Industrial Park (IMIP) in Sulawesi to reducing carbon emissions in the mining sector.
"We are doing all of these activities because we adhere to our commitments," added Simon G. Bell.
The visit to business investment to the location of Indonesia's new capital city is a collaboration between various institutions in Indonesia and Singapore which was held as a follow-up to the meeting of leaders of the two countries in March.
The participants were a selected group of regional and global companies engaged in energy, transportation, logistics, health and financial properties.
The entry of large-scale PLTS projects for the archipelago will increase the magnitude of Quantum's active projects in Indonesia to more than 5 GWp which will bring direct capital investment of 7 billion US dollars to Indonesia.
In the previous year, Quantum had signed a "binding term sheet" with Nickel Industries Limited to supply their 500 MW solar-powered smelter as the first stage of the larger 1 GW program.
Quantum is also developing a 3.5 GWp PLTS project with a 12 GWh battery capacity to be built in Indonesia with direct capital investment of US$6 billion.
If approved, the project will supply electricity to local communities in the Riau Islands and the resulting excess net energy will be exported to Singapore.
In addition, Quantum and its joint venture partner, ib vogt, are preparing to build a solar Solar Photovoltaic (PV) panel manufacturing plant with a capacity of 1 GW in Indonesia that meets the requirements for the Domestic Component Level (TKDN).
In line with the principle of "Indonesia First", Quantum together with ib Vogt are committed to buying at least 1 GWp of Indonesian-made solar panels every year for a minimum of three years.
The initial commitment to buy Indonesian-made solar panels can be improved after the solar power plant in the archipelago has been successfully developed.
Singapore's net electricity export project is the main driving factor for Anantara, a joint venture founded by Quantum and ib Vogt, to make a commitment to accelerating large-scale solar PV production with international standard products in Indonesia.
The two companies have also stated that along with the increasing quality, costs, and advancement of Indonesian-made panel technology that is becoming globally competitive, partners will also purchase Indonesian-made panels for their international projects in other countries.
Antara's export project will pave the way for the first GW-scale solar PV panel manufacturing plant of tier 1 to be built in Indonesia and create a sustainable effect for the expansion of the world-class solar PV panel manufacturing in Indonesia.
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