JAKARTA, Feb 10 (NNN-ANTARA) – Indonesia is seeking 8.58 billion U.S. dollars in investment, to shut down a number of coal-fired power plants, as the country is currently expediting the transition into green energy.
The country’s coordinating minister for maritime and investment affairs, Luhut Binsar Pandjaitan, said at the Mandiri Investment Forum, held virtually yesterday that, the investment could help retire 5.5 gigawatts of power plants, which was targeted to be completed by 2030.
In the next stage, from 2030 to 2055, the country would retire 49 gigawatts of coal power plants, as an effort to reach net-zero emission by 2060, or earlier, according to the minister.
As one of the world’s top carbon dioxide-emitting countries, Indonesia has been committed to reducing the use of fossil energy, and has planned to replace the coal-fired plants with solar, geothermal and wind power, Pandjaitan said.– NNN-ANTARA
