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Abu Dhabi / WAM
Masdar, Abu Dhabi Future Energy Company, and Indonesian power company PT Pembangkitan Jawa-Bali, PT PJB, a subsidiary of the state electricity company Perusahaan Listrik Negara (PLN), signed on Tuesday a project development agreement for the world’s largest floating solar photovoltaic (PV), power plant. With a capacity of 200 megawatt, the plant will cover an area of 225 hectares atop the Cirata Reservoir in the West Java province of Indonesia. The 6,000-hectare Cirata Reservoir already powers a 1GW hydroelectric power station.
Today’s agreement was signed in Jakarta by Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar and Iwan Agung Firstantara, President Director of PLN. Also present at the signing were Arcandra Tahar, Deputy Minister of Indonesia’s Ministry of Energy and Mineral Resources, Mohammed Abdullah Al Ghafli, Ambassador of the UAE to Indonesia, and representatives from the Indonesian investment agency Badan Koordinasi Penanaman Modal, BKPM.
“Today’s signing marks the entry of Masdar into South East Asia and our first project in floating solar power,” said Mohamed Jameel Al Ramahi, CEO of Masdar. “The pact with PT PJB for world’s largest floating solar power plant demonstrates Masdar’s ambition as a global renewable energy leader and strength of our industry partnerships.”
“PJB is excited and looking forward to working with Masdar,” said Iwan Agung Firstantara, President Director of PT PJB. “We believe this project development agreement is a milestone in the development of other floating PV solar power plants; this 200MW project will be the largest project of its kind in Indonesia and PJB-Masdar will be a pioneer of floating PV technology.”
Today’s PDA signing follows the agreement of an MoU between PT PJB and Masdar in July this year to collaborate on finding sustainable solutions to Indonesia’s rapidly growing energy demand, with a focus on projects in the Java-Bali and Sumatra regions.
Since 2006, Masdar has invested in renewable energy projects with a combined value of $8.5 billion, the company’s share of this investment is $2.7 billion.