ACWA Power has signed a Memorandum of Understanding (MoU) with PT Perusahaan Listrik Negara (PLN) to develop green hydrogen and ammonia in Indonesia and battery storage for renewable energy facilities.
The MoU was signed at the B20/G20 Summit in Bali and coincided with the state visit of HRH Mohammed Bin Salman Al Saud, Crown Prince and Prime Minister, Saudi Arabia, to Indonesia.
According to the terms, ACWA Power and PLN will jointly investigate several avenues of partnership which include a project study for pump storage for a 600-800MW hydroelectricity facility; investigating the possibility of a 4GW battery energy storage system; and the development of a green hydrogen/ammonia facility that is powered by hydroelectricity.
The agreement lays out a clear pipeline of renewable energy and technological development for ACWA Power within the country and involves a clear capacity building mandate for PLN’s employees.
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