Indonesia, Australia cooperate on green energy development

Indonesia's Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan and Andrew Forrest, Australian iron ore company Fortescue Metals Group (FMG) founder, have inked a cooperation agreement on renewable energy development for green industry.

Sunday, September 06, 2020 15:10

Indonesia, Australia cooperate on green energy development ảnh 1

At a wind farm (Illustrative image: www.tetratech.com)

Jakarta (VNA) - Indonesia's Coordinating Maritime Affairs andInvestment Minister Luhut Binsar Pandjaitan and Andrew Forrest, Australian ironore company Fortescue Metals Group (FMG) founder, have inked a cooperationagreement on renewable energy development for green industry.

Under the document, the two sides will establish a joint task force tofacilitate, expedite, and materialise FMG investment in Indonesia in theconstruction of a 60-GW hydroelectric power plant and 25-GW geothermal powerplant.

"This investment, excluding supporting infrastructure, will cost tens ofbillions of dollars. This is a huge investment that will have a positive impacton Indonesia," Minister Luhut Binsar Pandjaitan was quoted by Antara Newsas saying.

Boasting potential on mineral and renewable energy, Indonesia and Australia cancollaborate and become key players in the green and renewable energy industryin the global arena.

Earlier this year, the Indonesian minister announced billionaire Forrest's plan to invest in a hydropower plant in Kalimantan./.

VNA

#Indonesia-Australia #renewable energy development #green industry #hydropower plant #vietnamplus #vietnam news agency

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