Malaysia investment firm Kumpulan Darul Ehsan Berhad (KDEB) and its development partner, PT Limaco Energi of Indonesia, have agreed with Indonesian officials to build a 10-MW hydroelectric project in Indonesia’s West Sumatra State.
The KDEB-PT Limaco consortium signed the agreement December 4 with Pemerintah Kabupaten Solok and Indonesia utility PT PLN (Persero) Sumatera Barat to build the 50 million ringgit (US$14.1 million) project at Sungai Gumanti in Kabupaten Solok.
KDEB, the investment arm of Malaysia’s Selangor State government, and its Indonesian partner are to build, operate, and manage the project upon completion. Construction is to begin in three months and take about a year to complete.
The project is the first foreign venture for KDEB, which plans to pursue opportunities in China and elsewhere in Southeast Asia.