China to support 7 GW hydropower project in Indonesia with $17 billion

A Chinese state-owned utility wants to offer $17 billion in support to a 7 GW hydropower facility in Indonesia.

China Power Investment Corp. said the hydroelectric power project would be located in Indonesia‘s North Kalimantan region and built in several phases along the Kayan River. Construction could begin on the project in 2014.

Indonesian power corporation Perusahaan Listrik Negara (PLN) said the new plant is necessary to help keep up with the country’s increasing demand for energy, which is expected to rise by about 10 percent annually, according to HydroWorld.com.

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