Masdar, PT PJBI Form Joint Venture To Drive Development Of Indonesiaâs First Floating Solar Power Plant Thu 17th December 2020 | 06:45 PM ABU DHABI, (UrduPoint / Pakistan Point News / WAM - 17th Dec, 2020) Masdar, one of the worldâs leading renewable energy companies, and PT PJBI, a subsidiary of Indonesiaâs state electricitycompany PT PLN (Persero), today announced the formation of a joint venture to drive the development of the Cirata Floating Photovoltaic Power Plant â Indonesiaâs first floating PV project. The new company, PT. Pembangkitan Jawa Bali Masdar Solar Energi (PMSE), was formally announced at a ceremony at the Cirata reservoir in West Java, where the project will be located.