Joint venture to build waste-based power plants in Riau

PT Riau Investment Corporation (RIC) and regional development firm PD Pembangunan Pekanbaru have established a joint venture with Singapore-based G20 Environmental Solutions Group (ESG) to build four waste-based power plants in Pekanbaru, Riau.

The three companies will form a joint venture company called PT G20 ESG (Pekanbaru), with 50 percent of the shares owned by G20 ESG and 25 percent held respectively by PT RIC and PD Pembangunan.

The four waste-based power plants will have a combined output of 40 megawatts and cost Rp 600 billion (US$66 million) to build, the project is scheduled to be completed this year.

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Posted March 11, 2013 by repit in News

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