Aslan Energy Capital from Singapore and PT Calypte Sugi Power from Indonesia have signed a Memorandum of Understanding (MoU) to collaborate on creating a power generation hub on Sugi Island in the Riau Islands Province of Indonesia.
The power hub aims to establish a significant capacity for solar and sustainable clean energy generation in the Riau Islands Province. The initial goal is to reach 1 GW of solar power production by Q3 2026, with plans to expand to a total of up to 2 GW by Q4 2027. This will take advantage of the favorable conditions for clean energy development on Sugi Island.
"The Sugi Power Hub is a key component in our group's strategic mission on developing a sustainable energy value chain portfolio. The unique geographic location, relatively flat terrain and good solar irradiance conditions of Sugi Island makes a compelling case to establish the power arm of our value chain and accelerate the progress in achieving the ESG goals and SDG targets of the Riau Province as well as Indonesia's overall ambition to be a green energy leader in SE Asia. Indonesia is our group's key strategic hub in Asia Pacific and our group remains committed to ensuring the success of the integrated portfolio of developments we have successfully originated in the country", said Dr. Muthu Chezhian, CEO of Aslan Energy Capital, Singapore.
"We are delighted with the partnership we have secured and engaged with Aslan Energy Capital as the development partners for our Sugi island power project. Since we launched our planning to develop a sustainable power generation base in Riau Islands, we had been carefully selective in appointing a partner developer. Aslan Energy Capital's corporate vision and team experience and understanding of the Indonesian market dynamics gave us the comfort to progress in this partnership. The feasibility studies have been completed with reassuring results and the project is advancing with the detailed project engineering in the coming months, with FID targeted in Q2 2025", said Mr. Han Fook Kwang, Chief Development Director PT Calypte Sugi Power during the MOU signing ceremony.