Jakarta (ANTARA) – Energy and Mineral Resources Minister Arifin Tasrif has encouraged foreign investors to invest in various energy transition projects in Indonesia.

During his visit to Germany to attend the G7 climate meeting on May 26-27, 2022, he met two officials from Siemens Energy and HMS Bergbau AG, two large German companies, noted Agung Pribadi, official of the ministry. Energy and Mineral Resources.

The meeting followed the previous meeting held in late March, he said in a statement on Saturday.

The meeting highlighted the cooperation between Siemens Energy and state-owned Pertamina Power in the development of renewable energy in Indonesia.

During the meeting, the minister informed that Indonesia continues to encourage investment in renewable energy and is committed to achieving carbon neutrality by 2060 or even earlier.

By 2030, Indonesia has set a goal to add power plants that depend only on the use of new and renewable sources, including hydrogen. Until 2060, Indonesia’s electricity supply will come entirely from new and renewable energy sources.

Indonesia needs the collaboration of Siemens Energy to help in the development of solar power plant technology, smart grid, energy storage, hydrogen development technology and electric vehicles.

Related news: Siemens is studying participation in Indonesia’s electricity program

Tasrif also hailed the company and looks forward to its participation in the development of renewable energy in Indonesia.

It is expected that the memorandum of understanding between the two parties could be signed at the G20 energy transition ministerial meeting in Bali in September, he noted.

Meanwhile, Siemens Energy has expressed interest in supporting the development of the energy sector in Indonesia’s new capital, Nusantara.

He has experience in new urban development in Egypt, not only in the development of renewable energy, but also in the development of educational facilities and capacity building to support human capital.

On another occasion, Germany expressed interest in cooperating with Indonesia on coal supply.

Related news: Indonesia and Germany agree to support clean energy transition

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