Masdar has inked two agreements with PT PLN, Indonesia’s state-owned electricity company for the development of floating solar power projects in Indonesia. The two companies have inked a MoU to develop a floating solar power plant at the Jatigede Dam reservoir in West Java.
Furthermore, the project is being developed after Masdar secured the lowest tariff in the Hijaunesia 2023 bidding program. Development of the solar plant is scheduled to begin in 2025, and completion is scheduled for 2027. The two companies also inked a ‘Principles of Agreement’ to explore the expansion of Masdar’s 145 MWac Cirata floating photovoltaic power plant. The first phase of this project began operations in November 2023.