Lithuania and Indonesia linked by cooperation prospects in renewable energy

2017 05 19
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Minister of Energy Žygimantas Vaičiūnas pays a visit to Indonesia together with the delegation led by the President of the Republic of Lithuania. During the visit, the Minister has signed a bilateral cooperation agreement in the fields of renewable energy and energy saving.

Lithuania’s experience that is relevant to Indonesia has also been presented in the bilateral energy forum which has been held for the first time.

“By introducing our strengths and available potential, we seek to open new opportunities for our business to establish in one of the largest and fastest growing economies worldwide. We can see unused opportunities for cooperation in renewable energy, in particular solar energy and energy saving, as well as in the development of liquefied natural gas business,” says the Minister of Energy.

Lithuanian companies that produce and export high-quality solar battery modules already have reached a critical mass and have a successful cooperation experience with Southeast Asian countries. Indonesia has announced its ambitious plans related to the development of solar power plants. Lithuanian manufacturers seek to become reliable partners in solar energy projects and have already received an invitation to contribute to the implementation of these projects. Biomass production and supply companies also see opportunities of working in this Southeast Asian market, since they have a considerable experience used for innovations, scientific research and joint projects with foreign partners.

Indonesia is the fourth largest exporter of liquefied natural gas worldwide. Potential opportunities of joint projects in this field open up for Indonesia, which has been developing the operations of liquefied natural gas (LNG) terminals, and Lithuania, which has a solid experience in LNG.

During the visit, the Minister of Energy has also signed a letter of intent regarding Lithuanian-Indonesian cooperation in the field of transport.

The bilateral energy forum has been attended by the representatives of “Solitek”, “Klaipėdos nafta”, “Baltpool” and the Lithuanian Biomass Energy Association “Litbioma”.