ACWA Power is a leading developer, investor and operator of global power generation, seawater desalination and green hydrogen plants in Saudi Arabia. It has signed a joint development agreement with PERTAMINA New&Renewable Energy to develop core utilities for Tuban grass root refinery and petrochemical projects.

The agreement was signed by Dannif Danusaputro, CEO of PNRE, and Paddy Padmanathan, Vice Chairman and CEO of ACWA Power at the B20 Summit. The ceremony was witnessed by Arifin Tasrif, Minister of Energy and Mineral Resources of Indonesia, Arsjad Rasjid, Chairman of Indonesian Chamber of Commerce and Industry, Chairman of B20 Indonesia Shinta Kamdani, and CEO and President Director of Pertamina Nicke Widyawati.

Tuban plant is a refinery capable of producing aromatic hydrocarbons and ethylene, which is located on Java Island in the east of Indonesia. The scope of JDA includes the development of a 575 MW power generation facility and a 3288 t/h steam generation component; And a desalination plant with a total capacity of 363480 m3/day.

As the implementation strategy of climate change is at the top of global awareness, a comprehensive approach to decarbonizing in a responsible and reliable manner is the key to mitigating the impact of carbon intensive industries. Paddy Padmanathan, CEO and Vice Chairman of ACWA Power. As a company promoting transformation, we are proud and honored to cooperate with such visionary companies as PERTAMINA NRE to make use of our extensive expertise in large-scale provision of renewable energy and desalination water, as well as the current green hydrogen energy, to achieve successful results.

The development of low-carbon solutions is the core business focus of PERTAMINA NRE, as well as the development of renewable energy and the establishment of future business. As a subsidiary of the state-owned PERTAMINA Group, PERTAMINA NRE promises to achieve the goal of zero net emissions by 2060, and takes a leading position in establishing green enterprises and formulating decarbonization plans in the Republic of Indonesia.

This is a strategic cooperation. We will participate in and support Tuban GRR&P project, which will play a key role in building national energy security. It is very exciting that we will support Tuban GRR&P project by providing low-carbon solutions. In terms of technology transfer and risk sharing, it is very important to have a reputable strategic partner. We believe that this cooperation will create great value. Dannif Danusaputro, CEO, Pertamina NRE. ACWA Power's power and desalination plant for Tuban GRR&P is expected to be put into operation in the first quarter of 2027.Editor/Xing Wentao