now loading...
Wealth Asia Connect Middle East Treasury & Capital Markets Europe ESG Forum TechTalk
Green Finance / Asia Connect / Treasury & Capital Markets
Power Construction Corporation of China signs MoU to build hydro projects in Indonesia
Joint venture with Kayan Hydropower Energy envisages building five hydro power plants with a combined capacity of 9,000MW
Michael Marray 25 Apr 2018

AFTER many years of delays, there is once again forward movement on China-backed plans for a series of hydro projects on the Kayan River in North Kalimantan in the Indonesian part of Borneo.

Power Construction Corporation of China (PowerChina) recently 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.

Under the MoU signed in Beijing, the two firms will develop five hydropower facilities with a total generating capacity of 9,000MW.

“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 PowerChina subsidiary Sinohydro Corporation was quoted as saying by local Indonesian media.

Since entering the Indonesian market in 1995, state-owned PowerChina has developed infrastructure projects totaling around US$2.4 billion in Indonesia. This includes the EPC contract on the 220MW Nagan Raya Nad Thermal Power Plant in Sumatra.

Photo: Achmad Rabin Taim

Conversation
Ashok Lavasa
Ashok Lavasa
vice president, private sector operations and public private partnerships
Asian Development Bank
- JOINED THE EVENT -
8th Asia Sustainable Infrastructure Finance Leaders Dialogue
Leading the way in sustainable infrastructure
View Highlights
Conversation
Grace Chong
Grace Chong
lead, regulatory & digital business
Simmons & Simmons JWS
- JOINED THE EVENT -
Webinar
The future of digital assets
View Highlights