POST Online Media Lite Edition



 

China Gezhouba Group got $1.62 billion contract for Indonesian hydro plant

Christian Fernsby |
China Gezhouba Group (CGG) has signed a $1.62bn (CNY 11.52bn) deal to construct a 1.2GW hydroelectric power plant in Indonesia.

Article continues below



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.


What to read next

Senior manager of Acacia’s Tanzanian businesses charged
iPhone 5 available at China Mobile starting January 17
Air China launches new non-stop service between Shenzhen and Los Angeles