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Indonesian coal giant Adaro seeks renewables-based growth

CEO says clean sources could make up half company's revenue in 10 to 15 years

Adaro Energy CEO Garibaldi Thohir says transitioning to renewables is the future but will take time. (Source photos by Koya Jibiki and screenshot from Adaro Energy's website) 

JAKARTA -- Indonesian coal mining giant Adaro Energy could generate half its revenue from renewable power as soon as a decade from now as it diversifies away from fossil fuels, its top executive told Nikkei Asia.

But Garibaldi Thohir also said developing countries such as Indonesia need time to transition from coal, with the fuel continuing to play a key role in the country's energy mix.

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