Indonesiantalk.com — Indonesia Courts China Huaneng in Push for Renewable Energy Investment
Indonesia is stepping up efforts to attract high-quality foreign investment in renewable energy, as Vice Minister of Investment and Downstreaming Todotua Pasaribu received a delegation from China Huaneng Group on Monday, signaling a potential boost for the country’s energy transition agenda.
The meeting, held at the Ministry of Investment and Downstreaming/BKPM office, focused on exploring strategic cooperation in the energy sector, particularly in new and renewable energy development such as hydropower and solar projects.
Among those present were Deputy for Investment Planning Ichsan Zulkarnaen, Director of Non-Industrial Investment Services Rahardjo Siswohartono, and Special Staff to the Vice Minister Kemal.
The Chinese delegation included senior advisor Ismeth Wibowo, alongside representatives from Hydrolancang International Energy Co. Ltd (HIE), including CFO and Deputy Director Shen Juan and several planning and legal officials.
In a statement shared via his official Instagram account, Todotua said the discussions centered on a preliminary investment plan of around 50 megawatts (MW) in renewable energy capacity.
“Through this meeting, the government continues to encourage quality investments that generate added value, strengthen energy security, and support sustainable economic growth,” he said.
He described the engagement as a strategic opportunity in both the energy and downstream sectors, calling it “a strong signal” for future investment in renewable energy.
The Indonesian government reiterated its commitment to prioritizing investments that go beyond economic growth, emphasizing projects that contribute tangible value to national development. Renewable energy, Todotua noted, remains a key pillar in Indonesia’s broader strategy to transition away from fossil fuels.
Ismeth Wibowo, senior advisor to Huaneng, welcomed the meeting and expressed appreciation for the government’s openness. He described the talks as constructive and voiced hope that they would lead to concrete outcomes benefiting both sides.
“We hope this meeting will produce positive results for investment progress and mutual interests, while contributing added value to national development,” he said.
The planned cooperation is expected to focus on hydropower and solar-based electricity generation, with an initial capacity target of 50 MW. The partnership is considered strategic given China Huaneng Group’s global track record in developing large-scale energy projects, including environmentally friendly power plants.
Founded in 1985 and headquartered in Beijing, China Huaneng Group is one of China’s five largest state-owned power generation companies. Its business spans power generation, coal, renewable energy—including wind, solar, and hydropower—as well as financial services.
The company is listed in the Fortune Global 500 and has positioned itself as a key player in China’s energy transition.
For Indonesia, the potential collaboration reflects a broader push to accelerate renewable energy development, reduce reliance on fossil fuels, and attract international partners capable of delivering large-scale, sustainable infrastructure.
