Peusangan IV is an 85MW hydro power project. It is planned in Aceh, Indonesia. The project is currently in permitting stage. It will be developed in single phase. Post completion of the construction, the project is expected to get commissioned in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Hydropower | 85 | – | 85 | Permitting | Aceh, Indonesia | Hyundai Engineering & Construction; Korea South-East Power; PT Wijaya Karya (Persero) |
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Description
The project is being developed and currently owned by Hyundai Engineering & Construction, Korea South-East Power and PT Wijaya Karya (Persero). The company’s ownership stake in the project stands as 30%, 25% and 25% respectively.
Peusangan IV is a run-of-river project. The project cost is expected to be around $188.103m.
Development Status
Post completion of the construction, the project is expected to get commissioned in 2023.
Power Purchase Agreement
The power generated from the project will be sold to PT PLN (Persero) under a power purchase agreement.
Contractors Involved
Hyundai Engineering & Construction and PT Wijaya Karya (Persero) are expected to render EPC services for the hydro power project.
Korea South-East Power and PT Wijaya Karya (Persero) are expected to be contracted for rendering of operations & maintenance services for the project.
About Hyundai Engineering & Construction
Hyundai Engineering & Construction Co Ltd (Hyundai E&C), a subsidiary of Hyundai Motor Co, is an engineering and construction contracting company. It provides civil and construction works for roads, bridges, harbors, highways and railways. Hyundai E&C also develops properties for residential, commercial and office businesses. The company executes construction projects for nuclear power plants, power generation and industrial plants, and oil, gas and petrochemical plants. Hyundai E&C offers services across total value chain of a project from design, finance, plan, marketing, and procurement. The company has an operational presence in several countries across Asia, Africa, the Middle East, Europe, and the Americas. Hyundai E&C is headquartered in Seoul, South Korea.
About Korea South-East Power
Korea South-East Power Co Ltd (KOSEP), a subsidiary of Korea Electric Power Corp, is an electric utility. It produces and sells electricity in domestic and international markets. The company develops electric power resources; and generates electricity using coal, gas, steam, hydro, solar and other sources. KOSEP trades electricity through Korea Power Exchange to KEPCO as its trading partner. The company operates various thermal power plants, combined cycle power plant, internal combustion, hydro, solar and other renewable energy plants. KOSEP is headquartered in Jinju, Gyeongsangnam-do, South Korea.
About PT Wijaya Karya (Persero)
PT Wijaya Karya (Persero) Tbk (WIKA) is an integrated construction company. Its portfolio of services includes civil construction, building construction, steel construction, real estate development and property management. It also carries out engineering, procurement and construction (EPC), and operation and maintenance of energy plants; steel fabrication and aluminum casting; and invests in energy, water, and transport infrastructure projects. WIKA also produces and supplies prefabricated concrete and granular and extraction asphalt. The company offers these services for office, residential building, hospitals, airports, roads and bridges, sea ports, dams, petrochemical, mining, cement, power, and oil and gas projects. WIKA is headquartered in Jakarta, Indonesia.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
