Indonesia’s growth story, coupled with its challenging topography, is forcing a wave of innovation in the power generation industry while creating huge opportunities for investors.
Asean’s biggest economy by GDP is an archipelago of more than 13,000 islands, with public access to electricity as low as 40% in some urban areas an issue that holds back business and education.
“In this part of the world, electricity is still considered a luxury,” David Tendian, chief finance officer of Adaro Energy, told FinanceAsia at the company’s Jakarta head office. “We’re still experiencing blackouts.”
According to the Asian Development Bank ADB, only about 60% of...