HD Capital teams up with Chinese firm in mini hydro power projects
Wednesday, November 8 2017 - 01:44 AM WIB
IDX-listed securities and investment firm PT HD Capital Tbk is teaming up with China?s engineering firm Hubei Hongyuan Power Engineering Co., Ltd. (HYPEC) to develop its 18 mini hydro power plant projects.
This was said by HD Capital President Director Piter Rasiman to Petromindo.com on Tuesday. He said that all of the 18 projects will be constructed by HYPEC, a Chinese state-owned company with extensive experience in hydro power plant development. ?The turbines will also be imported from China,? he added.
As has been previously reported, HD Capital plans to develop 18 mini hydro power plant projects with total capacity of 200 MW in Java, Kalimantan, Sumatra and Sulawesi islands, which are targeted to start operation between 2919 and 2022.
?Currently, construction of seven projects with combined capacity of 82 MW is in progress. The power purchase agreements have been signed with PLN (state power firm) recently. Meanwhile, the other 11 projects are at the stage of permitting process,? Piter told Petromindo.com earlier.
He said that of the seven mini hydro power plant (PLTMH) projects, two are expected to start operation in 2019, namely the PLTMH Kanzy 1 in Pasuruan, East Java, with capacity of 4.5 MW, and PLTMH Semendo, Muara Enim, South Sumatra with capacity of 9 MW.
Editing by Reiner Simanjuntak