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View all search resultsPrivate companies build 3 hydropower plants
JAKARTA: Three hydropower plants in Batang Toru, North Sumatra; Kerinci, Jambi; and Karama, West Sulawesi, will be built under a public-private partnership with a total anticipated investment of US$2
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J
AKARTA: Three hydropower plants in Batang Toru, North Sumatra; Kerinci, Jambi; and Karama, West Sulawesi, will be built under a public-private partnership with a total anticipated investment of US$2.91 billion.
“Considering that the projects require huge investments, they will be given to private developers,” PLN president director Nur Pramudji said on Tuesday, adding that the projects may be financed by foreign financial institutions.
The Karama power plant will be built by PT Sulbar Group and China Gezhoumba Group with a total capacity of 450 megawatts (MW) and an investment of $1.2 billion.
The contract for the Kerinci plant has been awarded to PT Kerinci Hydro Energy with 450 MW capacity and $510 million investment.
In Batang Toru, Operational Cooperation (KSO) Dharma Hydro will build the 500 MW power plant with an estimated total investment of $1.2 billion.
