Indonesia launched a 35, 000 Mega Watt (MW) power project in May 2015. The related infrastructure will indirectly provide jobs for at least 3 million people and provide the electricity to meet the domestic demand in the next five years. 210 power plants wil be built under the program across Sumatra, Java, Sulawesi, Kalimantan, and other areas across Eastern Indonesia.
According to data from the Indonesia Investment Coordinating Board (BKPM), total investment realization in Indonesia grew 16.4 percent (year-on-year) in the second quarter of 2014 to IDR 116.2 trillion (USD $10.0 billion), the highest ever quarterly investment result and thus proved that Indonesia’s legislative and presidential elections in 2014 were no reason to postpone direct investments. Foreign direct investment (FDI) was recorded at IDR 78.0 trillion (USD $6.7 billion)
The Inaugural Indonesia Power Investment Summit 2016 will have more than 300 participants from both home and abroad to discuss the hottest issues and challenges in Indonesia’s electricity market. Key stakeholders from government agencies, state utility company, IPPs, contractors, financiers, and others concerned players will gather during the event.
Among the topics to be discussed are the sustainable development of the Indonesia’s power market and renewable energy development as well as deeper business collabopration from all over the world at this IPIS event.