UAE-Indonesia investments in energy sector is set to increase

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uae-indonesia investments

UAE-Indonesia investments in energy sector is set to increase | President Joko Widodo has discussed efforts to increase cooperation in the energy sector worth up to US$5 billion with the UAE.

Tahar explained the #UAE intended to invest in#Indonesia, where the current investment value is still less than US$2 billion. The ESDM deputy minister said the potential energy investment could be increased up to $5 billion and included several areas of cooperation.

On the occasion, the President and the UAE delegation also discussed the potential for electricity cooperation in Indonesia to utilise environment-friendly energy. “We are also talking about Masdar, a company from the UAE, who wants to invest in renewable energy, including PLTS, solar power plants,” said Tahar.

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