News

Project

Staff Reporter

, Indonesia

Published:

1 year ago

207 views

RATCH Group unit buys Eco Energy shares to co-develop hydro project in Indonesia

RH Internationa (Singapore) will now hold a 50% stake in the project.

RH International (Singapore), a wholly-owned indirect subsidiary of Thailand’s RATCH Group, purchased ordinary shares from Eco Energy Holdings to invest in and co-develop the 73.7-megawatt Sibundong hydroelectric power plant project in Indonesia.

In a statement, RATCH said that RHIS now becomes the 50% holder of the project, following the purchase of shares through its 90% owned subsidiary Fareast Renewable Development, equivalent to $13.89m.

The run-of-river hydroelectric power plant is located on the Sinbundong River in North Sumatra Province. It is currently in the development phase and is expected to be commissioned in 2028.

It has been developed by Eco Energy’s affiliate which jointly operates Asahan-1 Hydroelectric Power Plant.

Follow the link for more news on

RATCH Group

Also Read

Masdar, PT PLN NR conquer Cirata reservoir’s depth for largest floating solar farm in SE Asia

South Korea, Kazakhstan expand energy cooperation through talent sharing

Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!

I want to download the media kit

Top News

South Korea, Kazakhstan expand energy cooperation through talent sharing

This was among the agreements signed.

Project

National CER strategy could bring down energy prices

The council added that it will also result in over 18,000 job opportunities.

Power Utility

Adani Power adds Mirzapur Thermal Energy as new subsidiary

It acquired five million shares in Mirzapur Thermal Energy.

Project

China leads global hydropower growth with 6,749 MW new installations in 2023

It is followed by Laos, Cambodia, Vietnam, and Indonesia in East Asia and the Pacific.

Power Utility

Exclusives

Masdar, PT PLN NR conquer Cirata reservoir’s depth for largest floating solar farm in SE Asia

The power plant can provide electricity to around 50,000 households in West Java.

Project

Why Singapore could be the ‘tipping point’ for ASEAN renewable and grid development

Heavily reliant on gas, the country is still on track for its 2035 net-zero target, but could be more ambitious to hit its 2050 goal by 2045.

Power Utility

Pressures mount for less desirable energy insurance placements in the region

Industry experts eye offshore investments as most attractive, yet more expensive.

Power Utility

Will the government pay for coal power exit in Vietnam?

The country’s coal power phase-out strategy sees renewables accounting for 67.7%–71.5% of the energy mix by 2050.

IPP

Event News

Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-Written / Partner

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.

Co-Written / Partner Celebrate your exceptional energy and sustainability initiatives with Asian Power

Co-Written / Partner Abu Dhabi Sustainable Water Solutions clinches two wins at Asian Water Awards

Technology VR and AR training are vital for the renewable energy workforce

Co-Written / Partner Thailand at the forefront of ASEAN's energy transition: A look ahead to Future Energy Asia

Co-hosted by industry leaders and supported by government officials, the Future Energy Asia Exhibition and Summit aims to accelerate the region's journey towards net-zero emissions.