B20 Indonesia Reception Support VKTR-Britishvolt MoU Signing
- Antara/HO-VKTR
The cooperation between VKTR and BV will cover some areas of the battery supply chain sectors. The first phase will focus on establishment of the nickel sulphate facility in Indonesia to ensure the supply of UK battery production.
This will be followed by a study to further develop a battery giga-factory in Indonesia and/or any other locations that are deemed necessary. The investment will reach up to US$2 billion by 2027.
At the B20 Reception, Indonesian Ambassador to the UK Desra Percaya stated that the Indonesian Embassy is pleased to host the B20 Indonesia’s Reception and MoU signing between VKTR and BritishVolt.
"I believe that achieving the net-zero target can only be done collectively. As we live on the same planet, it is urgent to start addressing the problem and not only think about the solution to climate change but also take deliberate actions," Ambassador Percaya remarked.
Indonesia's Minister of Investment Bahlil Lahadalia at the B20 Reception expressed delight to welcome the partnership between VKTR and Britishvolt.
"This (partnership) demonstrates what the two countries, Indonesia and the United Kingdom, can do together to contribute to humanity and for a better living. I will make sure that both companies have our utmost support," Minister Lahadalia stated. (Ant)
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