IFC and Asia Green Capital Partners to Jointly Develop Wind Power in Indonesia

IFC, a member of the World Bank Group, and Asia Green Capital Partners Pte Ltd, a renewable-energy developer and investment company, have taken another step in co-developing the first wind-power project in Indonesia’s South Sulawesi province to help the country increase its clean-energy supply and stimulate the local economy.

As part of the celebrations for the 70th anniversary of Indonesia’s independence, PT Energi Angin Indonesia – a subsidiary of Indo Wind Power Holdings Pte Ltd that is wholly owned by Asia Green Capital Partners – and the Government of South Sulawesi today signed a memorandum of understanding to develop the 62.5-megawatt Jeneponto 1 wind farm. It will be tied to the South Sulawesi electricity grid and is expected to produce a net annual energy yield exceeding 200 gigawatts per hour – enough electricity to supply to more than 450,000 people and help avoid 120,000 tons of carbon dioxide emissions a year, according to IFC.

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Posted August 18, 2015 by repit in News

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