Indonesia, Australia cooperate on green energy development hinh anh 1At a wind farm (Illustrative image:
Jakarta (VNA) - Indonesia's Coordinating Maritime Affairs and Investment Minister Luhut Binsar Pandjaitan and Andrew Forrest, Australian iron ore company Fortescue Metals Group (FMG) founder, have inked a cooperation agreement on renewable energy development for green industry.

Under the document, the two sides will establish a joint task force to facilitate, expedite, and materialise FMG investment in Indonesia in the construction of a 60-GW hydroelectric power plant and 25-GW geothermal power plant.

"This investment, excluding supporting infrastructure, will cost tens of billions of dollars. This is a huge investment that will have a positive impact on Indonesia," Minister Luhut Binsar Pandjaitan was quoted by Antara News as saying.

Boasting potential on mineral and renewable energy, Indonesia and Australia can collaborate and become key players in the green and renewable energy industry in the global arena.

Earlier this year, the Indonesian minister announced billionaire Forrest's plan to invest in a hydropower plant in Kalimantan./.