Quantum Expresses Interest in Clean Energy Technology Investment in Indonesia's New Capital IKN

TEMPO.CO, Jakarta - Quantum Power Asia Pte Ltd (Quantum) has expressed keenness to develop and fund large-scale solar power projects (PLTS) in the New Capital City Nusantara (IKN) and promote clean energy technology to support Nusantara become net-zero city by 2045.

During a visit to IKN on Friday (June 2), Managing Director and CEO of Quantum Simon G. Bell confirmed Quantum's willingness to support the development of IKN to Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan and Minister of Public Works and Public Housing (PUPR) Basuki Hadimuljono.

"We witnessed the Indonesian government's commitment to developing Nusantara during our visit today. The step to empower the archipelago through clean energy is a form of our activities in accordance with Quantum's main principle, namely 'Indonesia First,'" Bell noted in an official statement on Saturday.

"We provide ourselves to be a catalyst for the clean energy transition in Indonesia, from greening the nickel supply chain in the Indonesia Morowali Industrial Park (IMIP) in Sulawesi to reducing carbon emissions in the mining sector. We do all of these activities because we stick to our commitments," Bell affirmed.

The business investment visit to the new location of Indonesia's new capital city is a collaboration between various institutions in Indonesia and Singapore that was held as a follow-up to the meeting of the leaders of the two countries last March.

The participants are a select group of regional and global companies working in energy, transportation, logistics, healthcare property, and finance.

The entry of a large-scale PLTS in Nusantara will increase the size of Quantum's active projects in Indonesia to over 5 GWp that will bring direct capital investment of US$7 billion to Indonesia.

In the previous year, Quantum had signed a binding term sheet with Nickel Industries Limited to supply their smelters with 500 MW of solar power as the first stage of a larger 1 GW program.

Quantum is also developing a 3.5 GWp PLTS project, with a 12 GWh battery capacity, which will be built in Indonesia with a direct capital investment of US$6 billion.

If approved, the project will supply electricity to local communities in Riau Islands, and the resulting excess clean energy will be exported to Singapore.

In addition, Quantum and its joint venture partner, ib vogt, are preparing to build a 1 GW capacity solar photovoltaic (PV) panel manufacturing plant in Indonesia that meets requirements for the Domestic Component Level (TKDN).

In line with the "Indonesia First" principle, Quantum and ib vogt are committed to buying at least 1 GWp of solar panels made in Indonesia every year for a minimum of three years.

The initial commitment to purchase solar panels made in Indonesia can be increased once solar power plants in Nusantara are successfully developed.

Singapore's clean electricity export project was a key driver for Anantara, a joint venture founded by Quantum and ib vogt, to commit to accelerating large-scale solar PV production with international standard products in Indonesia.

The two companies have also stated that as the quality, cost, and technological advancements of panels made in Indonesia improve and become globally competitive, partners will also purchase panels made in Indonesia for their international projects in other countries.

Anantara's export project will pave the way for the first GW-scale solar PV panel manufacturing plant from a tier 1 brand to be built in Indonesia and create a sustainable effect for the expansion of world-class solar PV panel manufacturing in Indonesia.

ANTARA

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