Aslan Energy Capital announced that it has signed a Memorandum of Understanding (MoU) with PT Calypte Sugi Power, Indonesia, to cooperate on developing a power generation hub on Sugi Island, Riau Islands Province, Indonesia.
The power generation hub focuses on establishing a large-scale solar and sustainable clean power generation capacity in the Riau Islands province.
The power hub’s initial plan is to install 1 gigawatt (GW) of solar power production capacity by Q3 of 2026. This will be expanded to achieve 2 GW of power generation capacity by Q4 of 2027.
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Dr. Muthu Chezhian, CEO of Aslan Energy Capital, Singapore, said, “The Sugi Power Hub is a key component in our group’s strategic mission on developing a sustainable energy value chain portfolio.
He added, “The unique geographic location, relatively flat terrain and good solar irradiance conditions of the 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.”
He added that Indonesia is a crucial strategic hub for Aslan Energy’s operations in the Asia Pacific region. He emphasized the company’s commitment to successfully executing its integrated portfolio of developments in the country.
Aslan Energy Capital (AEC) is a platform dedicated to developing and managing renewable hydrogen, renewable ammonia, and sustainable energy projects.
AEC collaborates with major energy sector players, technology developers, and investors to design and implement energy and social infrastructure solutions across Asia and the Americas.
PT Calypte Sugi Power, a private special-purpose vehicle, oversees the development of a power generation project on Sugi Island in Indonesia’s Riau Islands Province.
This entity is a Calypte Holding Pte Ltd division, specialising in energy and industrial ventures throughout Indonesia.