JAKARTA: Indonesia is touting an abundance of low-cost renewable energy to lure billions of dollars in investment Southeast Asia’s largest economy needs to build processing plants for commodities such as nickel, copper and aluminium.
The commodity powerhouse has potential to develop 33,000 megawatts of hydro power and 29,000 megawatts of geothermal energy at costs as low as 2-4 cents per kilowatt, Coordinating Minister for Maritime and Investment Affairs Luhut Pandjaitan said. The green energy will help the country cut its use of fossil fuels and produce more value-added commodities, he said.
