JAKARTA (RambuEnergy.com) – Engie Group, a leading global energy player of France, has inked deal with Indonesia’s Sugar Group to invest up to US$1 billion in the next five years to develop various renewable projects in Sumatera and eastern Indonesia.
Under the deal, both parties agreed to develop solar PV (photo voltaik) power generation and biomass power plant with total capacity of 500 MW in Sumatera Island and eastern part of Indonesia.
The project is expected to help contribute to the country’s drive to reduce green gas house effect and prevent the release of carbon of 1.5 million tons of CO2e per annum, Engie said in a statement.
Among projects to be developed are solar panel park in Sumatera and eastn Indonesia with capacity of 300 MW. Of these, the two parties will develop 100 MW capacity of solar PV park in Lampung with capacity of 140 MW.
Both parties also agreed to develop biomass power plant with capacity of 200 MW, utilizing Sugar Group’s sugar cane waste. These projects will help the Indonesian government to attain renewable energy target and reduce pollution.
Micro Solar PV
In addition, Engie and Electric Vine Industries plan to tie up to develop, finance, develop and operate smart solar PV grid which will provide electricity for 24 hours in 300 villages in Papua Province within 20 years. With this project, 2.5 million people of Papua will enjoy a reliable clean energy.
In this project Engie and Electric Vine will invest up to US$240 million in the next five years.
In addition, Engie and PT Arya Watala Capital are committed to invest up to US$15 million in the next three years to develop solar power with capacity of 10 MW in East Nusa Tenggara (NTT) province. The projects will be located in large islands in the province, namely West Timor, Flores and Sumba. (*)