Jakarta, (ANTARA News) - Opportunity to finance environmentally friendly energy projects has attracted the attention of more than 100 industrial experts and investors participating in the Indonesian Clean Energy Investor Forum being held here today.
The Forum is presenting projects contested in a competition sponsored by The United States Agency for International Development (USAID) and the Private Finance Advisory Network (PFAN).
PFAN is a government-private multilateral partnership established by the International Energy Agency`s Climate Technology Initiative and managed by the USAID in Asia.
PFAN Indonesian Clean Energy Investor Forum is a forum for Indonesian energy investors to promote their ideas to investors. Nine finalists are selected by PFAN in the final competition of the Indonesian Business Plan. Every company gets mentoring and training privately before heading for the investment forum.
The total investment of the nine finalist projects is more than US$370 million, including loan and equity funding. According to USAID, in addition to helping offer promising investment opportunities, the projects also have potential to cut greenhouse effect gas emission amounting to more than one million metric tons of carbon dioxide annually. From the presentations delivered today, the panel jury will select two winners to get Clean Energy Financing Awards from Indonesia.
"By uniting environmentally friendly energy businessmen and investors, PFAN Indonesia Clean Energy Investor Forum will help address various obstacles faced by environmentally friendly energy business, especially in the funding problem," Walter North, USAID Director in Indonesia. "There are many creative environmentally friendly energy solutions and can be used in Indonesia.
The objective of this forum is to facilitate investors in selecting and financing the best projects." USAID believes that this is the first important step in increasing investment for the creation of a stable environmentally friendly energy market in Indonesia. (*)