SINGAPORE: Sunpower Group announced that Indonesia Jinchuan WP & RKA Lateritic-Nickel-Ore Project power plant, designed by Sunpower’s subsidiary Yangguang Engineering Design Institute Co., Ltd has successfully achieved grid connection in all three units.
Sunpower is an environmental protection solutions specialist with a strong focus on expanding into anti-pollution investment projects that generate long-term intrinsic value in the form of recurring income and cash flows.
Located on Obi Island, Indonesia, the Project is a joint venture between China’s largest electrolytic nickel smelter, Jinchuan Group, and Indonesian mining company WP & RKA. It has been identified by China’s National Development and Reform Commission as a key China-Indonesia intergovernmental capacity cooperation under the Belt and Road Initiative.
The power plant of the Project is the 37th facility for which Yangguang Institute has provided design services in Indonesia. When fully operational, the plant is expected to have a maximum load capacity of 162MW.
Guo Hongxin, Executive Chairman of Sunpower, commented: “The successful connection to the grid in all units marks an important breakthrough in this Project, and is a testament to our strong ability and extensive experience in providing power plant design services for projects under the Belt and Road Initiative. Indonesia is a market where we have a strong presence and a high degree of familiarity.
Beyond Indonesia, Yangguang Institute has expanded its footprint to 11countries along the Belt and Road region, including Thailand, Vietnam, India, Pakistan and Bulgaria, and is pleased to play a part in promoting the development of these local economies.”
“Internally, the professional design capability of Yangguang Institute, coupled with the Group’s technological and project management expertise, also support the successful build-up of the green investments business by enhancing our control of the engineering design, development cost and construction schedule of our GI projects. Since 2017, the Group has grown its GI portfolio steadily to eight operational projects and is on target to invest RMB2.5 billion in GI equity by 2021so as to continue to build up our long-term, recurring, high-quality income and cash flows,” Mr Guo added.
Edited by Kazim Rizvi
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