MASDAR, PT PJBI FORM JOINT VENTURE

Cirata at a glance... (Source: PR Newswire)

Masdar, one of the world’s leading renewable energy companies and PT PJBI, a subsidiary of Indonesia’s state electricity company PT PLN (Persero) – have formed a joint venture to drive the development of the Cirata Floating Photovoltaic Power Plant – Indonesia’s first floating PV project.

The new company, PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), was formally announced at a ceremony at the Cirata reservoir in West Java, where the project will be located. The event was held as part of UAE-Indonesia Week, taking place throughout this week to mark the close ties between the two nations.

“This partnership will help to strengthen the already-powerful ties of friendship and bilateral collaboration between the UAE and Indonesia. The UAE has committed to not only diversifying its energy mix but to extending its expertise outside its own borders. The Cirata project marks the UAE’s first investment in Indonesia’s renewable energy sector, and will contribute to the nation’s sustainable development,” said His Excellency Abdulla Salem Al Dhaheri, the UAE Ambassador to Indonesia and the ASEAN region.

Upon completion, the Cirata Floating Photovoltaic Power Plant, which will be located on a 250-hectare plot on the 6200-hectare reservoir, will power 50,000 homes, offset 214,000 tons of carbon dioxide emissions and contribute to the creation of up to 800 jobs. It is the largest of its kind in Southeast Asia and one of the largest in the world, and is scheduled to start construction in the first part of 2021.

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