Posted on 20 Dec 2022
Executives of listed Indonesian energy company Indika Energy recently paid a visit to India. According to Indonesian media The Jakarta Post, Indika Energy seeks potential opportunities to develop and implement related technologies, including electric vehicle charging facilities, within the Indonesian market.
The company expressed interests in expanding investment and development in renewable powered electricity for projects including EV charging and battery storage in Indonesia.
This is in line with Indonesia's determination of further stimulating its EV market. The government aims to increase local EV sales by three times by the end of 2030 and attract more investments in the EV industry, Kallanish learns.
Last week, Indonesia's ministry of industry Agus Gumiwang announced that the Indonesian government plans to provide a maximum subsidy of IDR 80 million ($5,139.59) for each domestically produced EV. The subsidy is about IDR 40m for each hybrid EV.
Indika Energy's ceo Azis Armand said: "New and better technologies on solar power generation, battery storage, and EV charging solutions would be key to helping the company shift from its reliance on coal to generate revenue."
Empat Mitra Indika Tenaga Surya (EMITS), a joint venture of Indika Energy and Fourth Partner Energy, an India-based solar energy company, is seeking investments to develop new projects in order to support Indika Energy's goal of reaching a balanced coal and non-coal business mix in 2025. According to Yovie Priadi, ceo of EMITS, the new projects will require about $350m of funding.
Source:Kallanish
