05/26/2023 | Press release | Distributed by Public on 05/26/2023 12:39
Arlington, VA - Today, the U.S. Trade and Development Agency awarded a grant to PT Medco Power Indonesia (Medco), a private Indonesian energy developer, for a feasibility study to help develop an estimated 111-megawatt wind power plant in West Sumbawa, in Indonesia's West Nusa Tenggara province. The project will facilitate the replacement of high-polluting sources of power with clean, renewable energy.
"USTDA's partnership with Medco will advance Indonesia's clean energy transition and offer communities in West Sumbawa a renewable source of power," said Enoh T. Ebong, USTDA's Director. "We anticipate strong interest by U.S. industry to partner with Medco on the implementation of this priority project and believe that the flexibility and relevance of our project preparation tools to Indonesia's infrastructure needs makes us natural partners."
USTDA's study will provide Medco with a detailed wind resource assessment, a preliminary geotechnical analysis, a power plant and interconnection system design, a grid integration study, a preliminary environmental and social impact assessment, a risk assessment, a cost and economic analysis, and an implementation plan.
"As one of the leading clean and renewable power companies in Indonesia, Medco Power continues to support the Indonesian Government's commitment to climate change mitigation and targets towards emissions reduction and net zero goals," said Eka Satria, President Director of PT Medco Power Indonesia. "This signing is also part of our climate change strategy in developing the electricity portfolio from renewable energy."
Michael F. Kleine, Deputy Chief of Mission for U.S. Embassy Jakarta, said: "The U.S. government is proud to partner with Indonesia to promote renewable energy solutions. This project demonstrates the strong commitment of the United States to help Indonesia in its clean energy transition towards achieving net zero emissions."
USTDA's grant highlights how the Agency advances the Indo-Pacific Economic Framework in collaboration with public and private sector partners across the region. This activity also advances the goals of USTDA's Global Partnership for Climate-Smart Infrastructure, which connects U.S. industry to major clean energy and climate-smart transportation infrastructure projects in emerging markets, and will support Indonesia's clean energy transition under the Net Zero World (NZW) initiative and recently announced Just Energy Transition Partnership (JETP).
U.S. businesses interested in submitting proposals for the USTDA-funded feasibility study should visit www.ustda.gov/work/bid-on-an-overseas-project.
The U.S. Trade and Development Agency helps companies create U.S. jobs through the export of U.S. goods and services for priority infrastructure projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project preparation and partnership building activities that develop sustainable infrastructure and foster economic growth in partner countries.
MEDIA INQUIRIES: Paul Marin | (703) 875-4357