DeepGreenX Group, an AI-driven green energy and technology provider, and Forest First International have announced a strategic cooperation through which they will develop the ‘world’s largest natural asset digitalisation and green development project’ in the Maluku region of Indonesia.
Through the project, the groups will seek to promote the development of a green economy based on natural assets, with plans to replicate this model in other regions.
The agreement is anchored on exclusive 60-year franchise rights granted to Forest First by a local landowners’ alliance, which encompasses more than 1,300 islands and 70 million hectares of land and coastal waters in Maluku.
Green energy and AI
Utilising green energy and AI technologies, the two groups will seek to drive digital economic development, setting a framework that will be developed throughout Southeast Asia and globally.
The project is being backed by a number of capital partners, with financing that is expected to reach $30 billion over the next five to 10 years.
“The Maluku project will provide a new model for balancing conservation and economic development around the world, as we look to achieve economic progress while leveraging green energy projects to support the development of a new digital economy,” commented Njuguna Ndung’u, chairman of DeepGreenX and former minister of economy and finance and Central Bank governor of Kenya. “We will prove to the world that nature and economic activities can coexist in harmony.”
Ecosystem protection
Both DeepGreenX and Forest First International are ‘fully committed’ to protecting the ecosystem of the Maluku region, they noted, improving the quality of life for local communities while bolstering local economic development.
As an initial step, the two groups will explore the use of volcanic, geothermal, hydroelectric, and micro-nuclear power plants to provide energy for AI-based computing centres, with this energy subsequently set to support digital medical clinics, customer service centers, and medical agriculture in Southeast Asia.
“As the world faces a shortage of energy resources, it is vital for the next generation that we promote long-term sustainability,” said Steven Loke, founder and chairman of Forest First International. “Working closely with our partners at DeepGreenX, we will quickly and efficiently build a better future.” Read more here.
