Sumitomo Withdraws from Kayan Hydropower Project, What's Next?

The project's fate hangs in the balance following the official termination of collaboration between Sumitomo Corporation and PT Kayan Hydro Energy (KHE), despite their partnership only beginning in 2022.

Edi Suwiknyo

1 Jun 2024 - 19.03
A-
A+
Sumitomo Withdraws from Kayan Hydropower Project, What's Next?

PLTA Kayan project location./Special

Bisnis, JAKARTA — The Kayan Cascade hydroelectric power plant megaproject is transitioning into a new phase as Sumitomo Corporation has officially opted out of the project, situated along the Kayan River in the Long Peso District, Bulungan Regency, North Kalimantan.

Despite initially bringing renewed optimism with Sumitomo's involvement, the Kayan hydropower megaproject is facing uncertainty, particularly concerning licensing matters.

The project's fate hangs in the balance following the official termination of collaboration between Sumitomo Corporation and PT Kayan Hydro Energy (KHE), despite their partnership only beginning in 2022. Their investment cooperation, which had yet to reach the two-year mark, concluded in Q1 2024.

“We have collaborated with Sumitomo, but as of quarter 1/2024 we have completed the relationship with Sumitomo,” said PT Kayan Hydro Energy Executive Committee Steven Kho, Thursday (30/5/2024).

Cek Berita dan Artikel yang lain di Google News dan WA Channel
Editor: Rinaldi Azka
Jelajahi peluang bisnis terpercaya dengan berlangganan
Temukan keleluasaan dan keuntungan maksimal dengan pilihan paket berlangganan eksklusif ini
BERLANGGANAN SEKARANG
Tidak Memerlukan Komitmen, Batalkan Kapan Saja
Penawaran terbatas. Ini adalah penawaran untuk Langganan Akses Digital Dasar. Metode pembayaran Anda secara otomatis akan ditagih di muka setiap empat minggu. Anda akan dikenai tarif penawaran perkenalan setiap empat minggu untuk periode perkenalan selama satu tahun, dan setelah itu akan dikenakan tarif standar setiap empat minggu hingga Anda membatalkan. Semua langganan diperpanjang secara otomatis. Anda bisa membatalkannya kapan saja. Pembatalan mulai berlaku pada awal siklus penagihan Anda berikutnya. Langganan Akses Digital Dasar tidak termasuk edisi. Pembatasan dan pajak lain mungkin berlaku. Penawaran dan harga dapat berubah tanpa pemberitahuan.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.
BIG MEDIA
Jalan K.H. Mas Mansyur No. 12AKaret Tengsin - Jakarta Pusat 10220
© Copyright 2024, Hak Cipta Dilindungi Undang - Undang.