CHN ENERGY Secures Bid for Indonesian Solar Project

PLN NP, a subsidiary of the National Energy Group, officially announced on March 30th that the company had won the bid for a 100,000-kilowatt floating photovoltaic power station project in the Karangkades region of Indonesia. This marks the National Energy Group's first investment in a photovoltaic power station project overseas and the first time a Chinese-funded enterprise has successfully secured a bid for a centralized photovoltaic IPP project in Indonesia.

The floating photovoltaic power station project is near the Karangkades Dam in Malang City, East Java Province, Indonesia. With a planned installed capacity of 100,000 kilowatts, it currently stands as Indonesia's second-largest centralized photovoltaic power station project. The project commenced prequalification procedures in January 2023 and is anticipated to commence commercial operations in 2026.

Since October of the previous year, Liu Guoyue, chairman of China Energy Group, has met with Damavand Pura, chairman of the Indonesian Power Company, and jointly witnessed the signing of a cooperation memorandum. Since it entered the Indonesian market in 2007, China Energy Group has successively invested in and constructed three coal-fired power stations: Sumatra with a capacity of 2×150 MW, Java 7 with a capacity of 2×1050 MW, and Sumatra No.1 with a capacity of 2×350 MW.

The successful bid for the Calangcades floating 100MW photovoltaic power station project signifies the National Energy Group's significant penetration into the Indonesian market, expanding its energy portfolio from traditional thermal power investments to photovoltaic ventures. Simultaneously, it provides vital opportunities for Chinese enterprises to expand into overseas markets, export technology, and accumulate experience. This initiative fosters the development of clean energy in Indonesia and enhances economic, technological, and cooperative exchanges between China and Indonesia.