DistantNews
Support us
๐Ÿ‡ฎ๐Ÿ‡ฉ Indonesia /Economy & Trade

BI Lampung Strengthens Strategy to Attract Investment Through Renewable Energy Potential

From Republika · () Indonesian

Translated from Indonesian, summarized and contextualized by DistantNews.

At a glance

News Sources not specified Context piece
  • Bank Indonesia (BI) in Lampung Province is strengthening strategies to attract investment by collaborating with the provincial government and stakeholders.
  • The focus is on funding strategic projects, particularly infrastructure, and exploring opportunities in renewable energy, such as power plants utilizing existing dams.
  • BI Lampung has initiated programs like the Lampung Investment and Creative Financing Forum (FOILA) and the Lampung Economic Investment Forum (LEIF) to bolster investment inflows.

The representative office of Bank Indonesia (BI) in Lampung Province is intensifying its efforts to attract investment across various sectors to stimulate regional economic growth. This initiative involves close collaboration with the Lampung Provincial Government and other key stakeholders.

Bimo Epyanto, Head of BI Lampung, explained that the bank partners with the regional government to finance strategic projects, with a primary focus on infrastructure development initiated by provincial, district, or city governments. "We have a partnership with the Lampung Provincial Government to attract investors. In order to fund strategic projects or programs, especially infrastructure owned or initiated by local governments, whether provincial, district, or city," Epyanto stated.

We have a partnership with the Lampung Provincial Government to attract investors. In order to fund strategic projects or programs, especially infrastructure owned or initiated by local governments, whether provincial, district, or city.

โ€” Bimo EpyantoHead of Bank Indonesia Province Lampung explaining the collaboration with the local government to attract investment.

To further enhance investment attraction, BI Lampung has launched several key programs. These include the establishment of the Lampung Investment and Creative Financing Forum (FOILA), the organization of the Lampung Economic Investment Forum (LEIF), and the development of creative financing schemes within the region. Epyanto emphasized that the push for investment is not limited to infrastructure alone; it also targets projects with significant economic impact, such as renewable energy power plants.

Lampung possesses considerable potential for energy resource management, particularly through its numerous dams and weirs, which can be optimized for renewable energy generation, including solar and hydropower. Epyanto identified five potential dam locations: Batutegi Dam, Margatiga Dam, Way Sekampung Dam, Way Jepara Weir, and Way Rarem Weir. These projects are included in PLN's General Plan for Electricity Supply (RUPTL), ensuring a guaranteed purchase of electricity by PLN, which is expected to facilitate investor cooperation in managing the region's energy resources.

We will strive to encourage investment to enter Lampung, not limited to infrastructure projects but other projects that have an impact on increasing the regional economy. For example, new renewable energy power plants, because this supports the energy transition and transformation being vigorously carried out by the central government.

โ€” Bimo EpyantoHead of Bank Indonesia Province Lampung discussing the scope of investment attraction beyond infrastructure.
DistantNews Editorial

Originally published by Republika in Indonesian. Translated, summarized, and contextualized by our editorial team with added local perspective. Read our editorial standards.