China Gezhouba Group got $1.62 billion contract for Indonesian hydro plant
Topics: CHINA INDONESIA
CGG will run the design, construction material, procurement and commissioning for the Borneo plant. Work will begin with phase one of the Data Dian plant, owned by Indonesia Dafeng Heshun Energy Industri.
When the plant is completed, CGG will trial it before handing it over within the five-year agreement’s terms.
The company is a subsidiary of China Energy Engineering Group, which is in turn owned by the Chinese state. It said it has reassured workers of precautions made to limit the spread of Covid-19. CGG Chairman Chen Xiaohua said he expects some of the power to be used for local industries such as metal extraction and smelting. ■