Coal-fired power project kicks off
The first coal-fired power project led by a Chinese private company kicked off construction on Monday in Indonesia’s West Kalimantan province.
Kalbar-1 power station, a cooperation project between Indonesia Power, a subsidiary of Indonesian power utility Perusahaan Listrik Negara and China’s Suzhou-based private company Golden Concord Holdings Ltd, is expected to reach an installed capacity of 200 megawatts when put into operation in 2020, GCL said on Wednesday.
GCL is the first private Chinese company to sign a powerpurchase agreement with Indonesia, which is plagued by endemic electricity shortages.
Analysts said China and Indonesia are highly complementary and with many Chinese descendants in Indonesia, it is relatively easy for Chinese enterprises to invest in the country.
“As an important infrastructure project, Kalbar-1 not only will offer much-needed electricity to Indonesia, but also can create more jobs and generate more tax revenue,” said Han Xiaoping, chief information officer of China Energy Net Consulting Co Ltd.