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Jakarta Post

Terregra, Waskita sign $897.7 million deal to build seven hydro power plants

  • Norman Harsono

    The Jakarta Post

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Jakarta   /   Fri, January 8, 2021   /  04:22 pm
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A mini hydropower plant in Buwun Sejati village, West Lombok, West Nusa Tenggara, on June 24, 2020.(Handout/PLN)

Publicly listed renewables developer PT Terregra Asia Energy has struck an agreement with state-owned construction firm PT Waskita Karya, with the latter set to build mega projects comprising seven hydro power plants worth Rp 12.5 trillion (US$897.7 million) on Sumatra Island. The projects consist of five mini hydropower plants (PLTMH) in North Sumatra and two hydropower plants (PLTA) in Aceh, according to the companies’ joint statement on Wednesday. The North Sumatra’s plants combined capacity is 42.98 megawatts (MW) and the Aceh plants’ is 467 MW. “Indonesia has huge renewable energy potential,” said Terregra president director Djani Sutedja. “Terregra Asia Energy continues to conduct research and development to contribute toward meeting Indonesia’s renewable energy needs.” Many studies predict Indonesia will miss its renewable e...