Dubai, United Arab Emirates: ACWA Power has signed an agreement with Indonesia’s PT Perusahaan ListrikNegara and PT Pupuk Indonesia to develop in the largest green hydrogen facility in Indonesia.
PT Perusahaan Listrik Negara is Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertilizer and chemical producer.
The announcement of the $1 billion project was made on the sidelines of 28th United Nations Climate Change Conference underway in Dubai. ACWA Power CEO Marco Arcelli signed the agreement with PLN’s CEO Darmawan Prasodjo and Rahmad Pribadi – CEO of Pupuk Indonesia Holding Company.
“We are honoured to deepen our relationships with the government and government entities of this vibrant, ambitious nation through this new green hydrogen project. As we expand our footprint in Indonesia, we remain committed to supporting sustainable progress, for a greener future for all,” said Marco Arcelli, Chief Executive Officer of ACWA Power.
The Garunda Hidrogen Hijau project is part of ACWA Power’s expanding green hydrogen portfolio. The Saudi-based company says work is well underway at the 1.2 million tonne-per-year NEOM Green Hydrogen Project in Saudi Arabia and planned for completion in late 2026, and the company broke ground on a second project in Uzbekistan, in November 2023.
“Green hydrogen is one of the answers to the energy transition. Therefore, the development of green hydrogen is our focus in efforts to accelerate the energy transition,” said PLN President Director Darmawan Prasodjo.
“We see a strong commitment from the government, PLN, Pupuk Indonesia and ACWA Power, therefore we are ready to support this joint development effort of green hydrogen and green ammonia to achieve common goals,” said Mr. Darmawan Prasodjo, President Director and CEO of PLN
The company is also growing its presence in Indonesia after it was awarded the contracts to develop two floating offshore solar photovoltaic (PV) plants in October 2022.
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