Jakarta (VNA) – Indonesian Minister of Energy and Mineral Resources Bahlil Lahadalia and Japanese Minister of Economy, Trade and Industry Ryosei Akazawa officially signed a five-year agreement on nuclear power development on March 15.
The move marks an important step for Indonesia in its efforts to advance the energy transition and reduce reliance on coal, particularly as the Southeast Asian nation is drawing growing interest from major global nuclear technology companies with a goal of producing its first 500 MW of nuclear power by 2033.
The agreement, signed on the sidelines of a Indo-Pacific Energy Security Ministerial and Business Forum in Tokyo, focuses on the development and application of nuclear technology with high safety standards, and establishing a transparent and competitive framework for Japanese companies to participate.
Notably, the deal also outlines financial support mechanisms through Japan’s export credit agencies, including the Japan Bank for International Cooperation and Nippon Export and Investment Insurance.
Japan’s involvement in Indonesia’s nuclear power programme is currently concentrated mainly in a project in West Kalimantan province, where Japan’s JGC Corporation is supporting US-based NuScale Power in developing a small modular reactor complex./.
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