SINGAPORE (Yosefardi) – SGX Main Board listed ISDN Holdings Limited, an integrated engineering solutions provider for diverse industries, has through its wholly owned subsidiary, Aenergy Holdings Pte Ltd, inked a master engineering, procurement and construction (EPC) contract with China Huadian Engineering Co. Ltd (China Huadian), one of China’s leading state-owned power and industrial play, to pave the way for the construction of the cluster of mini-hydropower projects across Indonesia that ISDN has amassed in its energy business segment.
The signing of agreement, took place Monday (Feb 17), follows the earlier Memorandum of Understanding signed in April last year which spelt out the intent of both companies to collaborate on energy-related projects in South-east Asia.
ISDN has earmarked three mini-hydropower plants – PT Charma Paluta Energy, PT Alabama Energy and PT Prima Paluta Energy with a combined installed capacity of 24.6 megawatt located within a 25 kilometre-radius of each other in North Sumatra – to be the first projects that are to be undertaken and developed by China Huadian.
The power purchase agreement with PT PLN (Persero), Indonesia’s state-run power distribution company is based on a 20-year tenure at a tariff rate of IDR 787 or 6.7 USD cents per KWh. Running costs are expected to cost between 0.4 and 0.6 USD cents per KWh.
The power purchase agreement with PT PLN (Persero), Indonesia’s state-run power distribution company is based on a 20-year tenure at a tariff rate of IDR 787 or 6.7 USD cents per KWh. Running costs are expected to cost between 0.4 and 0.6 USD cents per KWh.