Chairman of the Islamic Development Bank (IsDB) Group H.E Dr Muhammad Sulaiman Al Jasser visited Elsewedy Electric Indonesia (EEI) factory in Cileungsi-Bogor, southeast of Jakarta, during his tour of several power grid projects financed by the IsDB in the country to enhance cooperation and support Indonesia's 2022 G-20 Presidency.
EEI supports the power grid enhancement project through a PT PLN (Persero) program, under which the company supplies several power transformers. The program seeks to enhance Indonesia’s electrification ratio to 100%. The project is being financed by the IsDB and has been running since 2017 with a total value of IDR 1.2 trn (USD 90 mn). The project consists of 103 units of power transformers with a total capacity of 7.647.8 MVA. These substations are distributed across the islands of Sumatra, Kalimantan, Java, Sulawesi, and Nusa Tenggara.
According to the President and CEO of Elsewedy Electric, Ahmed El Sewedy, EEI has strategic plans to expand its business in Indonesia in line with the UN's Sustainable Development Goals (SDGs). These plans will involve building a new factory, thereby creating new job opportunities, providing training to students, and transferring knowledge and technology.
EEI is also actively participating in renewable energy projects, including hydroelectric and geothermal power plants in several regions of Indonesia, Malaysia, Sri Lanka, New Zealand, Canada, and other countries.