Joint venture will construct four waste-based power plants in Indonesia.
PT Riau Investment Corporation and PD Pembangunan Pekanbaru have partnered with Singapore-based G20 Environmental Solutions Group to build the power plants in Pekanbaru, Riau.
The four waste-based power plants will have a combined output of 40 megawatts and cost US$66 million to build. It is scheduled to be completed this year.
They formed a JV called PT G20 ESG (Pekanbaru). G20 ESG will own 50% of the shares while PT RIC and PD Pembangunan will each own 25%.
The project is the first of its kind carried out by G20 Environmental Solutions Group in Indonesia. The company said that the potential of developing waste-based power plants in Riau was big as the region had abundant household waste, including palm oil waste that has great potential to be processed into electricity.
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