TheJakartaPost
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
PowerChina to build hydropower plants for $17.8 billion
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Logo of Power Construction Corporation of China (Courtesy of /en.xfafinance.com)
P
ower Construction Corporation of China (PowerChina) has signed a memorandum of understanding (MoU) with PT Indonesia Kayan Hydropower Energy to jointly build hydropower plants with a total investment of US$17.8 billion on the Kayan River in North Kalimantan.
Under the MoU signed in Beijing last Friday, the two firms will develop five hydropower facilities with a total electricity generation capacity of 9,000 megawatts.
“PowerChina began studying hydropower resources of the Kayan River in 2008 and completed the development plan for the whole basin of the river as well as the feasibility study and preliminary design of the first hydropower plant in 2013,” Guo Xiaodan, the representative of Sinohydro Corporation, PowerChina’s subsidiary engaged in hydropower plant construction, said in a statement on Monday.
Xiaodan expects the hydropower project to create significant multiplier effects in the economy of North Kalimantan, which is known for abundant natural resources.
According to the North Kalimantan administration, the province has a hydroelectricity potential amounting to around 33,000 MW.
Since entering the Indonesian market in 1995, PowerChina, a state-owned company, has developed infrastructure projects totaling around $2.4 billion in Indonesia. (bbn)
