Finland to team up with Indonesia in energy

Minister of Economic Affairs Mika Lintilä will meet Indonesia’s Minister of Energy and Mineral Resources Arifin Tasrif on Wednesday as part of a virtual Team Finland visit.

The main themes of the meeting will be energy and Indonesia’s new intelligent energy projects, said a government press release.

The aim of the ministerial meeting is to improve the operating conditions of Finnish companies in the Indonesian energy markets and to promote business partnerships between Finland and Indonesia.

Indonesia’s growing economy offers a wide range of opportunities for Finnish companies in the Southeast Asia region. In particular, the expertise of Finnish companies in renewable energy, electrification of society, bioeconomy and circular economy can be utilised for Indonesia’s economic development.

“I welcome the good relations between Finland and Indonesia. The energy sector in particular has played an important role and I hope that cooperation in the sector will become even closer in the future, for example, within energy solutions promoting the circular economy,” said Minister Mika Lintilä.

As a large and growing economy, Indonesia is a potential partner for Finnish businesses.

Lintilä visited Indonesia in 2017 with a Team Finland business delegation. During the visit, Lintilä met Indonesian Deputy Minister ArcandraTahar of the Ministry of Energy and Mineral Resources.

The International Renewable Energy Agency IRENA estimates that the demand for energy in Indonesia could increase by one quarter and the demand for electricity could triple between 2015 and 2030.

Although the country’s dependence on domestic coal and imported oil products has grown, it is also increasingly using renewable energy sources. Indonesia aims to increase the share of renewable energy to 23% of energy consumption by 2025 and to 31% by 2050.