Acwa Power has signed a Memorandum of Understanding (MoU) with Danantara Indonesia, focusing on renewable energy generation, combined cycle gas turbines, green hydrogen, and water desalination.

 

Acwa Power has also entered a strategic partnership with PT Pertamina, an Indonesian state-owned oil and gas corporation, to develop multi-billion-dollar power generation and water desalination projects.

 

The agreement includes technology development for 500MW of renewable energy and gas-to-power projects, new electricity tenders, green hydrogen projects, and operation and maintenance business lines.

 

The partnership, with up to $10 billion in funding, aims to help Indonesia achieve a 34% renewable energy mix by 2034 and 87% by 2060, indicating its potential to become a clean energy leader.

 

Raad Al-Saady, Vice-Chairman and Managing Director of Acwa Power, said: “Acwa Power is proud to deepen our presence in Indonesia’s power and water sector through these agreements. These partnerships represent our commitment to support Indonesia in achieving its long-term energy and water security goals, contributing to the development of a sustainable and greener future.”

 

Rosan Perkasa Roeslani, Chief Executive Officer of Danantara, stated: "Our collaboration with Acwa Power represents a significant step in positioning Indonesia as a key player in the global energy transition. This partnership brings both capital and expertise to accelerate high-impact projects in solar, hydrogen, and integrated water- energy solutions. It reflects our broader commitment at Danantara Indonesia to foster credible, long-term partnerships that support national priorities while delivering commercial value. By channeling state-owned resources into ventures with proven global players, we aim to catalyze sustainable growth, enhance energy resilience, and attract continued foreign direct investment. This is how we move toward a greener and more prosperous future—together."

 

Simon Aloysius Mantiri, Chief Executive Officer of PT Pertamina, said: "Pertamina is fully committed to its dual growth strategy—ensuring national energy security while accelerating the energy transition. Our collaboration with AcwaPower is a strategic step toward realising this vision. By joining forces on renewable energy, green hydrogen, and sustainable infrastructure, we aim to create tangible value for both nations and lead the region’s transformation toward a low-carbon economy." -TradeArabia News Service