The FINANCIAL — Indonesia’s Ministry of Energy and Mineral Resources and the Asian Development Bank (ADB) agreed on October 8 to collaborate on the establishment of the government’s Center of Excellence on Clean Energy.
The center will bring together knowledge and research on clean energy, facilitate clean energy investments, and help deploy clean energy technology solutions coming from both the public and private sectors. ADB is providing technical assistance support to develop the initial concept of the center and is aiming to leverage inputs from international partners to help set it up, according to ADB.
“ADB is pleased to support the Government of Indonesia in reaching our shared vision of a clean and sustainable energy sector in Indonesia, and welcomes this significant collaboration with the government and our partners,” said Steven Tabor, Country Director at ADB’s Indonesia Resident Mission.
The center will play a key role in accelerating Indonesia’s goal to source a significant amount of its total energy requirements from renewable energy by 2025. It will also support the government’s goals of strengthening energy efficiency, the gas sector, and clean fuels, thereby bolstering the overall sustainability of the energy sector.
Representatives from government ministries, national agencies, energy and research institutions, and the private sector will be given a common platform through the center for integrating knowledge and research, for facilitating investment, and for assisting in the deployment of innovative technology solutions. The center will operate initially as an online virtual portal until physical premises are built on Bali.
ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members—48 from the region, including Indonesia. In 2014, ADB assistance totaled $22.9 billion, which includes co-financing of $9.2 billion.