Twenty20 Energy, which delivers innovative energy solutions that accelerate the transition to a cleaner energy future, signed a Memorandum of Understanding (MOU) with PT Satyamitra Surya Perkasa (PT SSP), a proven engineering, procurement, and construction (EPC) company in Indonesia, to jointly propose innovative clean energy and renewable power generation solutions throughout Indonesia.
Development teams from Twenty20 Energy and PT SSP are working together to pursue power generation opportunities within the Indonesian market, while the two companies’ design and operations teams will jointly create power generation solutions that fit the unique needs and geographies of Indonesia.
Twenty20 Energy and PT SSP are collaborating to develop renewable, solar and onshore wind energy solutions. The two companies are conducting due diligence on a shortlist of appropriate locations for these projects.
Twenty20 Energy and PT SSP also believe Indonesia is an ideal market for Twenty20’s proprietary Power Island Floating Storage Regasification & Power (FSRP) solution, which is specifically designed for regions comprised of multiple islands and coastal communities desiring to transition from coal-fired or subsidized diesel generation to more environmentally friendly solutions.
“Indonesia is one of the most populous archipelago countries in the world with global commercial interests,” said Jim Schnieders, Twenty20 Energy’s president, who has extensive experience working in Indonesia. “Because of its geography, and its many remote and distanced island chains, getting power to the entire country has been a challenge. We’ve engineered several innovative solutions and believe by working with PT SSP, we can help to address the power infrastructure issues in many of these locations.”
Although Indonesia has continued to improve its electrification rate, pressing needs remain as many of its remote islands and communities subsist on costly subsidized diesel generation or aging power generation and transmission assets powered by coal-fired generation. Perusahaan Listrik Negara (PLN), the national utility and state-owned company, has stated aggressive goals in its national power master plan (RUPTL) and is seeking to transition its power generation plants from largely coal and diesel to natural gas and renewable energy sources. The Indonesian government has stated goals to increase power generated from renewable sources from 9.15% in 2019 to 23% in 2025, and 31% in 2050, achieving net zero emissions in 2060. The expectation is that 635 gigawatt would be supplied via renewable sources.