SINGAPORE )Yosefardi) – ISDN Holdings Limited had in January 30, 2014 duly completed acquisition over 80% equity stake of PT Charma Paluta Energy (PTC), to develop mini hydropower plant in North Sumatra.
This Acquisition will cement the Group’s footprint in the vast Indonesian energy market where hydro-electric has been identified as one of the key energy sources to meet rising demand of electricity for residential, business and industrial consumers in urban and suburban areas in Indonesia.
To date, the Group has revealed plans to develop a series of mini-hydropower plants – four in Sumatra, and three in Sulawesi – amounting to 50 MW combined installed base capacity.
Additionally, the Group is seeking in-principle approval for the larger scale 126 MW Laa River hydropower facility in Sulawesi, Indonesia.