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Prosperity International of Hong Kong inks deal to develop hydro power plant in Aceh

JAKARTA (RambuEnergy.com) – The Aceh Darussallam provincial government has teamed up with Prosperity International Holding (H.K) Limited to develop hydropower plant with installed capacity of 1000 MW and total estimated investment of US$3 billion, or euals to Rp40.5 trillion.

Both parties signed the memorandum of agreement (MoU) in Jakarta on Friday (Oct 6) by head of investment coordinating office of Aceh, Iskandar, and Mao Shuzhong, CEO and Executive Director of Prosperity International Holdings. Aceh governor Irwandi Yusuf witnessed the MoU signing.

The project is located in Tampur, Teunom and Woyla, Aceh.

The MoU is part of the Aceh local government serious move to invite investors to Aceh as well as to provide clean and affordable energy to the local people.

Irwandi said he hopes the project construction can kick start one year from the signing of the MoU.

Prosperity International Holdings (H.K.) Limited is a Hong Kong-based investment holding company principally engaged in the mining and trading of iron ore and raw materials. (*)

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