Middle Eastern countries keen to invest in IKN's NRE sector: OIKN

 Jakarta (ANTARA) - The Nusantara Capital City Authority (OIKN) stated that Middle Eastern countries have shown interest in investing in the new and renewable energy (NRE) sector in IKN Nusantara, East Kalimantan.

"Middle Eastern countries, such as the United Arab Emirates and Saudi Arabia, have expressed interest to invest in the energy sector at IKN," OIKN Deputy for Funding and Investment Agung Wicaksono stated during an online discussion in Jakarta, Monday.

According to Wicaksono, these Middle Eastern investors plan to allocate investments of around US$5-10 billion to build NRE in IKN, as is currently being done by state-run electricity company, PT PLN, along with Sembcorp Utilities Pte. Ltd, Singapore.

Sembcorp Utilities Pte. Ltd is an energy company from Singapore that plans to build a Solar Power Plant (PLTS) in IKN.

"We will expand the cooperation. These two Middle Eastern investors will be our mainstay," Wicaksono remarked.

The IKN Master Plan in Law Number 3 of 2022 concerning National Capital proposes that 100 percent of IKN's annual electricity needs to be supplied by renewable power plants, including solar power plants (PLT) or solar farms and rooftop solar panels.

The IKN electricity system comprises various electricity sources, such as solar farm generators, rooftop solar panels, street lighting solar panels, and floating solar panels. Hence, the network's ability to distribute electricity supplies from distributed generators requires integration to meet the electricity needs at any time.

IKN is also planned to apply a smart grid, which is a network system that allows two-way flow of electricity and data with digital communication technology to detect, react, and proactively adapt to changes in use and to address various problems.

In order to achieve the goal, IKN must produce and export solar energy equivalent to the amount of energy used from natural gas to achieve the key performance index (KPI) of 100 percent renewable energy.

sumber : https://en.antaranews.com/news/306402/middle-eastern-countries-keen-to-invest-in-ikns-nre-sector-oikn