Post by : Bianca Qureshi
Indonesia is planning to offer 21 energy projects worth a total of $40 billion this year. The announcement was made by the country’s energy minister, Bahlil Lahadalia, in a statement released on Tuesday. These projects will include an oil storage facility, an oil refinery, and projects that use coal to produce dimethyl ether. The goal of these coal projects is to reduce the country’s dependence on importing liquefied petroleum gas (LPG), which is a type of gas used for cooking and other purposes.
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The funding for these projects will come from the new sovereign wealth fund called Danantara Indonesia. This fund has been created to support large projects like these and improve the country’s energy sector. The energy projects will be located in different areas of Indonesia, including parts of Sumatra and Kalimantan.
These efforts are part of Indonesia’s bigger plan to boost its energy security and reduce the need to import energy resources. With the new investments, the government hopes to create more jobs and stimulate economic growth in these regions.
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