Velcan SA announced that its subsidiary, PT Aceh Hydro Power, received an environmental permit for the 59-MW Meureubo 2 hydro plant in Indonesia.
Velcan began development of this project in 2011, in the West Aceh province in Sumatera. PT Aceh Hydro Power was incorporated as the special purpose vehicle for this project. The Meureubo 2 Hydropower Project consortium consists of Velcan (70%), PT-PJB (25%) and PT-PPC (5%). PT-PJB is a fully owned subsidiary of PT-PLN and will be responsible for operations and maintenance of the plant.
This permit is an important step toward the completion of all the necessary procedures for the project and is a prerequisite for obtaining the Forest Land Use Permit, Velcan says. “This approval is another important milestone for Velcan in Indonesia. It reflects five years of determined work by Velcan,” said Jean-Luc Rivoire and Antoine Decitre, co-chief executive officers of Velcan.
Velcan develops, finances, builds and operates hydropower concessions in Brazil, India and Indonesia. As of September 2015, Velcan owned more than 803 MW of exclusive concessional rights to build and operate hydropower plants. The company says Meureubo 2 is its flagship plant in Indonesia.