Soma Power Indonesia to develop $300m hydropower project in Central Sulawesi
The Jakarta Post
Local power producer Soma Power Indonesia will soon begin developing a hydroelectric power plant alongside Bongka River in Tojo Una-Una, Central Sulawesi, with a peak capacity of 150 megawatts (MW).
Soma Power Indonesia president director Frangky Yason said he had presented the plan before Central Sulawesi Governor Longki Djanggola and other officials on Sept. 23.
"The investment value will be around US$300 million to $450 million. All requirements have been prepared, so we can act soon," he told The Jakarta Post on Saturday.
The Jakarta-based company said it had secured the principal permits from the governor and the Investment Coordinating Board and a recommendation letter from the Central Sulawesi Forestry Agency.
Meanwhile, Longki said the regional government would support the investment plan as long as the company completed all of the requirements as stipulated by the law.
“The electricity peak load in Central Sulawesi hit 118 MW, while produced power is at 156 MW. Therefore, the Central Sulawesi power grid recorded an electricity surplus of 38 MW,” Longki explained, adding that the region had already built an interconnected electricity grid. (ags)
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