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

J&V Energy acquires stake in 180-MW solar project in PH

JERA sells stake in Thai solar project

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