Indonesia to invest USD 16bn in renewable energy by 2025
Jul 18, 2011 - Indonesia needs to invest IDR 134.6 trillion (USD 16bn/EUR 11bn) in renewable energy development in the next 15 years, the Ministry of Energy and Mineral Resources announced last week.
The investment, envisaged in the ministry's Master Plan of Acceleration and Expansion of Indonesian Economic Development 2011-2025, will be allocated to develop renewable energy in five regions, according to the ministry's statement.
Kardaya Warnika, the ministry's acting director general for renewable energy and energy conservation, said the funding would be used in renewable energy infrastructure and power plants development.
According to Warnika, the government is also replacing all street lamps with solar cell lamps and had proposed the shopping centres in main cities to use electricity from solar systems on their roofs instead of energy from the grid in a bid to increase the use of renewable energy.
In the biofuel sector, the government will give priority to the development of biofuel from unused raw material for foods such as palm shell and jatropha.