Abu Dhabi's renewable energy company Masdar and PT Pembangkitan Jawa-Bali (PT PJB), a leading Indonesian power company, have signed a memorandum of understanding (MoU) to explore areas of collaboration in the renewable energy sector in Indonesia.

Experts from Masdar and PT PJB will work together to identify opportunities to meet Indonesia’s rapidly growing energy demand, together with its ambitious targets to achieve 23 per cent renewable energy use by 2025 and 31 per cent by 2050, reported UAE state news agency Wam.

Under the terms of the agreement, the partnership will focus on potential projects within the Java-Bali and Sumatra regions, it said.

The MoU was signed by Bader Al Lamki, executive director, Clean Energy of Masdar; and Iwan Agung Firstantara, president director of PT PJB; in the presence of Mohamed Jameel Al Ramahi, chief executive officer (CEO) of Masdar, and Rini Mariani Soemarno, Indonesia’s Minister of State Owned Enterprises.

Al Lamki said that the company looks forward to further developing our excellent relationship with PT PJB to help unlock Indonesia’s vast potential for renewable energy.