KADIN Indonesia Explore Green Energy Investment with Canada
- VIVA/Muhamad Solihin
VIVA – The delegation from management of the Indonesian Chamber of Commerce and Industry (KADIN) led by the Coordinator of the Deputy General Chair for Maritime, Investment and Foreign Affairs, Shinta Kamdani held a meeting with the management of the Canada Chamber of Commerce on Wednesday, April 27, 2022.
The meeting was facilitated by the Ambassador Extraordinary and Plenipotentiary of the Republic of Indonesia for Canada, Daniel Tumpal Simanjuntak. President and CEO of the Canada Chamber of Commerce, Hon Pearin Beatty, along with a number of corporate leaders from the Pension Fund and Sovereign Wealth Fund also joined.
According to Shinta Kamdani who also Chairman of the Indonesian B20 Organizer, this meeting is part of a series of trips by the management of KADIN to the United States and Canada for promote investment opportunities in Indonesia and also straighten the bilateral trade relations in the developed world.
Wakil Ketua Umum Kadin Indonesia, Shinta W. Kamdani .
- istimewa
"We discussed and planned a format. So, many Canadian investors would invest in Indonesia through the INA or Foreign Direct Investment (FDI) scheme in the green energy sector to support the government's commitment to achieve Net Zero Emissions.” said Shinta in her written statement.
Indonesia currently has potentials of 418 Giga Watt of New Renewable Energy sources. Both from water, geothermal (geothermal), an the sun. The huge potential of new and renewable energy is an opportunity for Indonesia to commence the energy transition.
Because of that, KADIN Indonesia as a representative from the business sector invited the investors, both from local or foreign countries, especially Canada which is known to be quite focused in the field of green energy to participate in this sector.
"The transition for going to a sustainable green economy is a big responsibility and at the same time provides great potential in the renewable energy sector, it must be followed by a clear scenario and roadmap, including funding and investment," said Shinta Kamdani.