Bilateral Cooperation Indonesia – New Zealand: Investment of Rp149.4 Billion for Geothermal Energy

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cooperation Indonesia and New Zealand

LIPUTAN6 EN – In an effort to strengthen bilateral cooperation Indonesia – New Zealand, President Joko Widodo (Jokowi) and New Zealand Prime Minister Christopher Luxon held an important meeting at the Park Hyatt Hotel in Melbourne, Australia.

This meeting not only highlighted the economic and trade relations between the two countries but also marked a concrete step in cooperation in the energy sector, particularly geothermal energy.

The meeting, which took place today, Tuesday (3/5/2024), provided a forum for the two leaders to discuss various initiatives that would enhance the strategic partnership between Indonesia and New Zealand.

One of the key points discussed was the investment of Rp149.4 billion that would be allocated for a geothermal energy project in Indonesia, as part of the Indonesia-Aotearoa New Zealand Geothermal Energy Programme (PINZ).

President Jokowi, in his remarks, emphasized the importance of bilateral cooperation between the two countries. “New Zealand is a strategic partner of Indonesia. I hope that under Your Excellency’s leadership, we can continue to advance the concrete implementation of comprehensive partnerships, particularly in the fields of economics and development,” he said confidently.

The announced investment of Rp149.4 billion in the meeting demonstrates the strong commitment of both countries to support the development of geothermal energy in Indonesia. This project is expected to not only provide economic benefits to both parties but also significantly contribute to Indonesia’s energy transition efforts, which are aimed at reducing its dependence on fossil fuels.

New Zealand Prime Minister Christopher Luxon also welcomed this cooperation. “We are very excited to work with Indonesia on the development of geothermal energy. This investment will not only bring economic benefits but also help in global efforts to reduce carbon emissions,” he said optimistically.

PINZ itself is a joint initiative between Indonesia and New Zealand to enhance the development of geothermal energy in Indonesia. The program focuses not only on the technical and financial aspects of project development but also on the transfer of knowledge and technology between the two countries.

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In addition to discussing geothermal energy investment, the meeting between Jokowi and PM Luxon also highlighted various other aspects of bilateral cooperation between the two countries. One of them is efforts to increase trade between the two countries, which experienced a decline of 18 percent last year.

Jokowi emphasized the need to create new opportunities to enhance interaction between business communities and trade, including in the halal sector. It is hoped that the planned trade mission visit by PM Luxon to Jakarta this year will have a positive impact on increasing trade and economic cooperation between Indonesia and New Zealand.

Moreover, the discussions between the two leaders also included cooperation in the Pacific region. Jokowi appreciated New Zealand’s support for the implementation of the ASEAN Outlook on the Indo-Pacific and hoped for further support in the Pacific Islands Forum. This demonstrates a joint commitment to strengthen stability and cooperation in the region.

In this context, Jokowi also proposed trilateral cooperation between Indonesia, New Zealand, and other Pacific countries in the field of development partnership. The vision of Pacific Elevation Indonesia serves as the basis for this cooperation, with hopes of providing concrete benefits to countries in the Pacific region.

Not only that, Jokowi also invited PM Luxon to attend the 10th World Water Forum in Bali. The event is expected to serve as a platform for promoting real action in addressing challenges related to water and sanitation, which are worsening due to increasing global climate change.

The meeting between President Jokowi and Prime Minister Christopher Luxon not only reflects the commitment of both countries to strengthen bilateral cooperation but also produces concrete steps to realize a mutually beneficial partnership, especially in the development of geothermal energy and cooperation in the Pacific region Bilateral Cooperation Indonesia – New Zealand.

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