Commitment to Environmentally Friendly Business, FIFGROUP Installs a Total Solar Panel of 86.4 kilowatt-peak

JAKARTADAILY.ID – PT Federal International Finance or FIFGROUP completed the installation of the 8th solar panel at the FIFGROUP branch office after finishing the installation at the Jakarta and Padang branch offices, West Sumatra.

This step is the company's efforts that lead to more environmentally friendly business operations referring to the Environment, Social, and Governance (ESG).

Human Capital, General Support, and Corporate Communication Director of FIFGROUP, Esther Sri Harjati, said that the eight solar panels that have been installed in 8 FIFGROUP branches have a total capacity of 86.4 kWp.

"By installing this solar panel, FIFGROUP wants to contribute to reducing greenhouse gas (GHG) emissions, which are the main factors causing climate change," she said in an official statement, Friday May 20,2022.

Referring to data from the Ministry of Energy and Mineral Resources (ESDM), the average solar energy from solar radiation that can be obtained in the two regions, namely Jakarta and West Sumatra, reaches 2.56 – 4.15 kWh/m^2 which has the potential to produce energy about more than 100 thousand gigawatt-peak (GWp).

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According to Esther, with this potential, the installation of solar panels was chosen to be one of the power plants with New and Renewable Energy (EBT) that can reduce the cost of using electricity.

"Installation of solar panels carried out in the Jakarta and Padang branches can reduce electricity usage costs by Rp. 1.6 - 2 million per month," he explained.

This is because, solar panels are installed using an on-grid system. Through this system, solar panels are connected to the State Electricity Company (PLN) network.

The excess power generated by the solar panels will be sent to the grid to further reduce the cost of electricity bills

In addition to reducing the cost of electricity bills, the installation of solar panels is also part of environmental conservation activities by reducing carbon dioxide emissions in FIFGROUP's business operations.

This activity is also a sustainability program launched by FIFGROUP to support the implementation of Environment, Social, and Governance (ESG), which is an operational standard instrument in measuring the impact and sustainability of an institutional investment.

Finance Director of FIFGROUP, Hugeng Gozali, said that the inauguration of the installation of solar panels in the Jakarta and Padang branches is expected to support FIFGROUP's business operations which are more environmentally friendly.

"That way, the implementation of ESG to achieve the SDGs program can be realized properly," he said.