Indonesia Promotes Green Energy and Downstreaming to the UK

London, VIVA – Indonesian Minister of Investment and Downstream/Head of the Investment Coordinating Board (BKPM), Rosan Roeslani, revealed various investment opportunities available in Indonesia, especially in the education, renewable energy, and downstream sectors.

This was conveyed by the minister when opening the 2024 Indonesia Investment Forum (IIF) Business Forum which was attended by 150 leading business actors from the UK. This forum was held in London, England on Friday (Nov 22).

"Indonesia has proven its resilience amidst global challenges. With stable economic growth, structural reforms, and a vision of sustainable development, we invite global investors to join in Indonesia's economic transformation," said the minister on Sunday (Nov 24).

With this opportunity, Rosan also invited business players in the UK to invest in Indonesia.

"With strong government support, we are optimistic about achieving an economic growth target of 8 percent over the next five years," Minister Roeslani said.

The UK is one of the favorite destinations for Indonesians pursuing higher education abroad, thanks to its academic reputation and high-quality education.

The UK's commitment to supporting educational development in Indonesia is increasingly evident with the presence of two British universities, such as Lancaster University in Bandung, West Java, and King's College London (KCL) located in the Singhasari Special Economic Zone (SEZ), East Java.

Meanwhile, in terms of energy, Indonesia is prioritizing renewable energy.

The minister highlighted Indonesia's vast renewable energy potential, estimated at 3,700 gigawatts, sourced from hydro, wind, tidal, and geothermal energy.

According to the minister, geothermal energy is particularly promising, as Indonesia holds the world's largest reserves, amounting to 23 gigawatts, primarily on the island of Java.

"Currently, we rely heavily on fossil fuel-based energy. We determined to reduce this dependency. However, we acknowledge limitations in resources, technology, and expertise," the minister remarked.

He continued, "Therefore, we invite global collaboration to realize this transformation,"

The Indonesian Ambassador to the United Kingdom, Ireland, and the International Maritime Organization, added that strategic partnerships between Indonesia and countries like the UK could have a tangible impact in supporting sustainable global economic transformation.