Thursday, 12 December 2019

UK, Indonesia to Sign MoU on Low Carbon Energy Development

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  • TEMPO.CO, Jakarta - The British and Indonesian Governments will sign an agreement on low carbon energy development on Wednesday, February 20. British Ambassador to Indonesia, ASEAN, and Timor Lesté, Moazzam Malik is scheduled to sign the MoU with Secretary General of the Ministry of Energy and Mineral Resources Ego Syahrial.

    “Indonesia is working hard to ensure that every of its citizen has access to energy. Widening energy access will help meet several challenges in one go – reducing poverty, growing Indonesia’s economy and businesses and tackling climate change," Malik said in the press release received by Tempo on Tuesday, Feb. 19.

    The agreement establishes a cooperation framework between the UK and Indonesia, through the Energy and Mineral Resources Ministry, to share technical knowledge, advice, skills, and expertise on low carbon energy development.

    The MoU will cover several programs include the flagship Prosperity Fund Indonesia Renewable Energy Programme and the Prosperity Fund ASEAN Low Carbon Energy Programme (Green Finance).

    The UK Cross-Government Prosperity Fund aims to reduce poverty through inclusive economic growth. The Fund’s focus is on middle-income countries where 70% of the world’s poor lives and where 60% of global growth will come by 2030. The Fund’s budget is £1.2 billion over 6 years across a portfolio of strategic projects in countries where there is the highest potential for inclusive growth. This includes reforming key sectors such as infrastructure and energy.

    "I am delighted that the UK is partnering with Indonesia to do this," Malik said, adding that they are proud to be able to support Indonesia’s goal to deliver energy equality, focusing on expanding access to clean energy in Eastern parts of Indonesia through the programs.

    According to Secretary-General of the Energy Ministry Ego Syahrial, Indonesia and the UK share the same dream; secure, affordable and sustainable energy for all.

    "With a strong commitment from both governments, I am confident that this collaboration would inspire more joint innovative activities in the future and drive innovation and technology development in Indonesia and the UK at even greater heights,” he remarked.

    TEMPO.CO | LA