(AOF) – PT HDF Energy Indonesia, the Asian subsidiary of power plant specialist HDF Energy, has formalized a cooperation with DFC (US International Development Finance Corporation) to develop Renewstable multi-megawatt power plants in Indonesia. This cooperation is one of 13 initiatives that are part of a strategic partnership between the United States and Indonesia to fight global warming and promote access to affordable food and electricity.
This partnership between DFC and HDF Energy was announced by US President Joe Biden after he met with Indonesian President Joko Widodo on November 14, 2022 during the G20 Summit.
DFC has committed to providing technical assistance to HDF Energy to support the development of Renewstable projects in Indonesia. DFC will fund technical and feasibility studies for all 22 HDF Energy projects in Indonesia. For this pipeline of projects, with an investment amount of 1.5 billion dollars, HDF Energy also receives support from development banks.
Renewstable power plants produce electricity that is non-intermittent, renewable and available 24 hours a day. They combine intermittent renewable energy and massive energy storage in the form of hydrogen.
It is the green alternative to conventional thermal power stations because they only use the sun and water to produce stable electricity, thus avoiding greenhouse gas emissions, fine particles and noise pollution.