The first coal-fired power project led by a Chinese private company kicked off construction on August 7 in Indonesia's West Kalimantan province, Chinadaily reported.
Kalbar-1 power station, a cooperation project between Indonesia Power, a subsidiary of Indonesian power utility Perusahaan Listrik Negara and China's Suzhou-based private company Golden Concord Holdings Ltd, is expected to reach an installed capacity of 200 MW when put into operation in 2020, GCL said on August 9.
GCL is the first private Chinese company to sign a power-purchase agreement with Indonesia, which is plagued by endemic electricity shortages.
The power plant is also expected to increase energy utilization efficiency and improve local energy structure with more clean energy.
Being more efficient and less expensive in producing power, Chinese enterprises can break Japan's monopoly in coal-rich Indonesia's power generation sector.
The Kalbar-1 power station, which is part of Indonesia's power supply plan to add 35,000 MW of power capacity within five years, will be able to supply around 1.4 gw hour of electricity to West Kalimantan power grid every year.
Noting the company's most significant overseas investment along the Belt and Road Initiative, GCL's president Zhu Gongshan said the lack of power supply in the regions has provided Chinese energy companies with an important opportunity to export technology, employment, and better energy mix abroad.
(Writing by Zoey Yan Editing by Harry Huo)
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