Jakarta, March 5 -- Indonesia's Coordinating Ministry for Economic Affairs and the Japanese Ministry of Economy, Trade, and Industry (METI) have signed a letter of intent (LoI) on cooperation in developing the Kayan hydropower plant in North Kalimantan.

"For Indonesia, the Kayan hydropower plant is not just an infrastructure project within the framework of AZEC (Asia Zero Emission Community)," the ministry's Deputy for the Coordination of International Economic Cooperation Edi Prio Pambudi said in a statement issued on Wednesday.

"This project is a strategic investment for Indonesia's energy security and decarbonization efforts," he added.

He emphasized that as a strategic partner, Japan will help Indonesia implement energy transition ...