Several of these companies declared their interest and will come to West Sumatra to continue the discussion and to conduct location survey to explore the investment plan. Padang, West Sumatera (ANTARA) – The West Sumatra government sought investment from Norwegian investors for managing the province’s renewable energy potential during a business meeting held on February 16, 2023, in Oslo, Norway.
“We have many renewable energy potentials such as geothermal, micro hydropower plant, solar cell, to ocean wave energy. Investors from Norway are interested in this,” Deputy Governor of West Sumatra Audy Joinaldy informed here on Friday.
“Several of these companies declared their interest and will come to West Sumatra to continue the discussion and to conduct location survey to explore the investment plan,” he added.
The companies mostly showed interest in investing in Mentawai Islands, which still have major renewable energy potential.
Mentawai is a tourism region that still requires electricity supply as the end result of renewable energy management.
Meanwhile, other regions in West Sumatra, on average, already have surplus electricity, thus their renewable energy development potential is not deemed too significant.
This is especially important since there is a regulation on energy offtake managed by state-run electric company PLN. Thus, investment opportunities will also depend on PLN’s willingness to purchase energy produced by the investors.
Head of the West Sumatra Administration Bureau Doni Rahmad Samulo, who joined the Norway delegation, said that the province is highly dedicated to attracting investment from abroad to support the regional economy.
There are cooperations that have been undertaken with various parties to develop the potential that exists in the region.
The business meeting in Norway was conducted at Aker Solution and was joined by several companies such as Norfund, NORAD, Norwegian Solar, NPC Group, Ocean Sun, Scatec Solar, and Tinfos, a Norwegian investment capital company.
Source: ANTARA News