Indonesia seeks Japanese financing for waste-to-energy plant and low-carbon projects

At a side meeting in Bangkok, Indonesia's finance minister and the governor of the Japan Bank for International Cooperation discussed potential Japanese financing for key development works, notably a waste-to-energy plant in Legok Nangka, West Java. He asked JBIC to deepen its partnership with state-owned PT Sarana Multi Infrastruktur on both fresh and existing infrastructure schemes. The dialogue also tackled Indonesia's energy security strategy and its ambition to reach net-zero emissions by 2060 or sooner, highlighting carbon market development and the strategic use of a carbon tax to incentivise low-carbon practices.

The minister's outreach formed part of a broader series of bilateral talks with Thailand, Singapore, the World Bank and the International Finance Corporation, focusing on fiscal credibility, SME support, export growth and regional energy connectivity through the ASEAN Power Grid. These engagements aim to bolster Southeast Asian economic integration and sustainable growth.