ACWA Power, a leading Saudi developer, investor, and operator of power generation, water desalination and green hydrogen plants worldwide, signed a Memorandum of Understanding (MoU) with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider. The agreement involves the development of battery storage for renewable energy facilities, and green hydrogen development in Indonesia.
ACWA Power and PLN will jointly investigate several avenues of partnership which include: a project study for pump storage for a 600-800MW hydroelectricity facility; investigating the possibility of a 4GW battery energy storage system and the development of a green hydrogen/ammonia facility that is powered by hydroelectricity.
Indonesia’s National General Energy Plan states that 23% of the country’s power should be generated via renewable energy sources by 2025. PLN is the Republic’s sole buyer of electricity produced by independent power projects, including power produced from renewable energy projects. As of last year, the enterprise owns or operates nearly two-thirds of Indonesia’s power generation industry, which is approximately 65.5GW of electricity.
ACWA Power is a developer, investor and operator of power generation, desalinated water and green hydrogen production plants.
ACWA Power’s mission is to deliver electricity and desalinated water reliably and responsibly at a low cost, thereby contributing effectively to the sustainable, social and economic development of communities.