The first coal-fired power generation project of the Suzhou GCL Group in Indonesia (Kalbar-1) commenced on August 7. It is the first power generation project of the Chinese private enterprise in Indonesia, with formal power purchase agreement signed.
With a population three times greater than that of Jiangsu, but an installed power generating capacity only half the amount of the province, Indonesia suffers from a severe power shortage. However, after the completion of the project, the annual energy output will be more than 1.4 billion KWH, which will greatly relieve the power supply shortage condition and play an important role in increasing local employment opportunities, improving people's livelihood and promoting economic development.
Chairman of the GCL Group Zhu Gongshan said energy cooperation is one of the most important contents of the Belt and Road Initiative. The power supply shortage condition of the countries along the line provides an important opportunity for Chinese energy enterprises to invest in these countries, he said.
Up until now, GCL Group built the largest LNG industrial base of East Africa in Djibouti and put 600 MW high-efficiency battery assembly line into production in Vietnam, as well as other new energy and clean energy projects, quickening its overseas investment pace.
