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.
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./.
PT Hanlim Power Corporation, the arm of a Republic of Korean company in Indonesia, plans to build a 4,800 MW gas-fired power plant in Batubara regency, North Sumatra, which is touted to be the largest in the province.
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In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
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At a wind farm (Illustrative image: www.tetratech.com) 
