Indonesia’s six-month plan for investment opportunities for transition to renewable energy

Financing will go to building renewable power generation, transmission cables and power storage system, says Mr Rachmat Kaimuddin, an Indonesian deputy minister. - The Straits Times/ANN

JAKARTA, Nov 26 (The Straits Times/ANN): Indonesia has targeted to complete within six months a plan that will spell out investment requirements and opportunities to accelerate its transition to renewable energy.

It is part of the initial US$20 billion (S$27 billion) Just Energy Transition Partnership (JETP) public and private financing deal signed with countries including the US and Japan, during the Group of 20 summit held in Bali on Nov 15 to Nov 16.