PLN secures US$2.94 billion in commitments for clean energy and grid upgrades
Six international partners are providing funding commitments, while PLN says about 10.23 GW of renewable generation is ready for contracting in 2026.
Indonesia’s PT PLN (Persero) has obtained US$2.94 billion in financing commitments to accelerate clean-energy development and strengthen its electricity network, according to its director of technology, engineering and sustainability, Edwin Nugraha Putra.
Speaking at CEO Talks at the Indonesia Pavilion during COP31 in Antalya, Turkey, Edwin identified six partners: the World Bank, KfW, Asian Development Bank, Agence Française de Développement, the Australian government and Japan International Cooperation Agency. His remarks were reported on 11 November 2026.
Edwin said PLN was ready to offer about 10.23 GW of renewable power projects for contracting in 2026. The projects include the 1.72 GW Mentari Nusantara 1 solar development, the 1.9 GW Nusantara 2 solar development, wind generation and hydropower plants in Sumatra and Kalimantan.
For the longer term, Energy and Mineral Resources Ministry figures put Indonesia’s planned additional generating capacity under the 2025–2034 electricity supply plan at 69.5 GW. The plan includes 42.6 GW from new and renewable energy sources, alongside 10.3 GW of energy storage and 16.6 GW of fossil-fuel generation.
