Jakarta –
PT Arkora Hydro Malili, which is a subsidiary of PT Arkora Hydro Tbk (ARKO), on December 21 2023 signed an Electricity Sale and Purchase Agreement with PT PLN (Persero).
This Electricity Sales and Purchase Agreement involves PT Arkora Hydro Malili in utilizing minihydro power resources, known as PLTM (Minihydro Power Plant), to produce a total of 10 MW of power.
The term of this contract is 25 years with a BOOT (Build Own Operate Transfer) scheme. This project is located in South Sulawesi and is expected to provide significant benefits to the wider community in terms of electricity use.
President Director of PT Arkora Hydro Tbk, Aldo Artoko said that the new contract with PLN will have a positive impact on future business. “Today, we are proud to announce the signing of a new contract, which will have a positive impact in moving the company’s business forward. This contract is the result of our team’s hard work and dedication, and is a big step in strengthening the company’s position in the market,” he said in a written statement, Monday (25/12/2023).
This partnership marks an important step for the company and provides important benefits for the company’s fundamental aspects such as Business Growth by creating new opportunities for business expansion as well as strengthening ARKO’s presence in the market.
By utilizing renewable energy resources, ARKO actively contributes to providing electricity not only for the South Sulawesi region but also for all of Indonesia, thereby improving the quality of life of local communities and encouraging economic development.
“Our participation in this project shows our commitment to sustainable programs and responsibility towards the environment, in line with the commitment of PT. Perusahaan Perusahaan Perusahaan Perusahaan Ilmu Negara (Persero) and global efforts to combat climate change,” said Aldo.
In addition, with this agreement, ARKO and its subsidiaries have a power plant contract with a total capacity of 42.8 MW (growing 30.5%) and a total pipeline of 200 MW, thus strengthening ARKO’s position as part of the renewable energy market.
“This portfolio of assets increases our contribution to meeting growing energy needs and encourages our dedication to a sustainable clean energy future,” he said.
Aldo expressed his deep appreciation to all parties who had played a role in the success of signing this contract. This is a big step for the company and also for the Indonesian electricity industry. “We are committed to continuing to work hard in carrying out this project with integrity, innovation and high social responsibility,” explained Aldo.
Aldo hopes that ARKO’s contribution to the renewable energy sector can be part of the solution to current global environmental challenges. “We hope that this collaboration will be a real example of how the private sector and government can work together to create positive change in our society and environment. Together we can create a greener and more sustainable future for future generations,” he said.
Aldo also expressed his thanks to all parties. “Thank you to all parties who have supported us on this journey. We hope to continue to strengthen our partnership with PLN and all other stakeholders in achieving our shared vision,” he said.
(kil/ara)
2023-12-25 14:30:22
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