Terregra to invest $75m to develop N. Sumatra hydro projects
Monday, June 19 2017 - 04:01 AM WIB
IDX-listed power developer PT Terregra Asia Energy Tbk will invest US$70-75 million to develop 4 mini hydro power plants projects in North Sumatra with combined capacity of 36.8 MW.
The company has appointed China Energy Engineering Group Guanxi Electric Power Design Institute Co.Ltd as main EPC contractor and is in the process of selecting local civil contractor, President Director Djani Sutedja told Petromindo.Com on Friday.
The company will start with construction of Batang Toru 2x5 MW project, and will then continue to Raisan Naga Timbul project with capacity of 2x3.5MW and 2x5 MW and Sisira project with capacity of 1x9.8MW.
The company expects the projects will become onstream in 2019.
Editing by Alexander Ginting