On 7th October 2022, Invest Energy in partnership JCNS New Energy Technology Co. Ltd China ventured into East Kalimantan, Indonesia for its LED solar lighting installation project. This will be Invest Energy’s first investment and project in Indonesia and will be in partnership with Apindo Kaltim and PT Electricity Kalimantan Timur (PT Electric Kaltim) based in East Kalimantan, Indonesia as the local development partners. PT Electric Kaltim will be co-developing the project assisting in local regulation, applications, licensing and communicating the investment agenda which involving the government and the legislature.
The project is part of its joint-venture with Europeans ESG Fund, SUSI Partners Ag. announced last years. On top of the initial project, JCNS is also undertaking a feasibility study to develop a hub for the SEA market for a potential Solar LED factory. This is part of Invest Energy’s overall mission and mandate to undertake Energy Efficiency and Energy Infrastructure projects in ASEAN for the purpose of reducing carbon emissions and modernizing energy infrastructure while adhering to ESG guidelines. This project is based on the Build-Own-Transfer (BOT) model which indirectly helps develop East Kalimantan into a smart city but also creating job opportunity for local workers.
