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View all search resultsPrabowo backs Kalla Group’s $3.9b power plant investment
The Kalla Group currently operates hydroelectric power plants with a combined capacity of around 1,500 megawatts (MW) and is preparing to add another 2,000 MW through new projects, including gas-fired plants.
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Former vice president Jusuf Kalla (right) gestures while speaking with President Prabowo Subianto on June 11, 2026, during a meeting at the State Palace in Jakarta. (Courtesy of/BPMI Setpres)
P
resident Prabowo Subianto has approved plans by former vice president Jusuf Kalla’s family conglomerate to invest up to Rp 70 trillion (US$3.9 billion) in hydropower and gas-fired power projects as the country pushes for energy self-sufficiency and to expand power supply to support economic growth.
Kalla said on Thursday he had discussed the investment plan directly with Prabowo during a roughly 30-minute meeting at the State Palace, with talks centered on expanding the country’s energy capacity as the President pursues economic growth of up to 8 percent by the end of his term in 2029.
“We discussed with the President ways to improve Indonesia’s energy capacity and achieve energy self-sufficiency,” Kalla told reporters after the meeting.
Read also: RI targets 34 percent renewables in energy mix by end of 2034
The investment will focus on hydroelectric and gas-fired power plants, Kalla said, adding that the Kalla Group had already prepared project designs and secured locations.
“We discussed investments of around Rp 60 trillion to Rp 70 trillion, and we are capable of carrying them out. The designs are ready, the locations are ready and now we are discussing the technical aspects,” the former vice president continued.
He said Prabowo had endorsed the plan and wanted implementation to move ahead quickly. “The President agrees that we should realize this immediately,” Kalla said.
