Danantara, ACWA Power, and Pertamina Partner in USD 10 Billion Green Hydrogen and Water Desalination Project The state investment management agency, BPI Danantara, has partnered with Saudi-based ACWA Power Co. and state energy giant PT Pertamina in a USD 10 billion project for combined green hydrogen production and large-scale water desalination. This project represents one of the most ambitious sustainable energy collaborations in Southeast Asia. Rosan Perkasa Roeslani, CEO of Danantara, emphasized the importance of partnering with ACWA Power, the world's largest desalination firm, to bring in capital and global expertise.

Project Scope

The project includes a 500 MW portfolio spanning solar and gas-to-power technologies, new power tenders, green hydrogen projects, and operations and maintenance (O&M) services. An Memorandum of Association was signed between the Danantara and ACWA Power for this purpose. With an estimated total investment of USD 10 billion, the partnership is expected to support Indonesia's national energy transition targets. The targets include a 34 percent renewable energy share by 2034 and 87 percent by 2060.

Partnership Goals

Pertamina President Director Simon Aloysius Mantiri confirmed the company's active role in the project, aligning with its twin growth strategies of ensuring national energy security while accelerating the shift toward cleaner energy. The partnership aims to create real value for both nations and lead the region's shift to a low-carbon economy.

Regional Impact

This venture in Indonesia follows ACWA Power's recent expansion in Malaysia, where it entered into similar partnerships targeting 13 GW of clean energy capacity by 2040. Malaysia’s broader aim is to phase out coal entirely by 2044 and reach net-zero emissions by 2050, making ACWA Power’s involvement key to both nations’ decarbonization agendas. The project could serve as a blueprint for future green mega-projects in the region, combining local resources with international innovation. The collaboration is expected to support Indonesia's energy diversification efforts and contribute to the region's decarbonization agenda.

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