ThorCon International Pte Ltd has been engaging with Indonesian regulators and state-owned enterprises to launch a 500-megawatt floating nuclear power plant in the country by 2027.

In July last year, PT PAL Indonesia signed an agreement with ThorCon International to conduct development study and construction of the plant.

However, Indonesia’s energy policies have indeed been steering away from nuclear plants since a government regulation issued in 2014 that declared such plants “a last resort option” to power the country.

For electricity production, the government regulation prioritizes coal, natural gas and renewables, namely geothermal, solar, wind, hydropower, bio and tidal energy.

“Our priority for national electricity supply is to make renewables contribute 23 percent of the energy mix by 2025 as Indonesia’s commitment in the Paris Climate Agreement,” Energy Minister Arifin Tasrif said.