Chinese state-owned utility firm China Power Investment is outlining plans to invest $17bn to launch a line of hydropower plant projects in North Kalimantan of Indonesia.
The statement was made by Indonesian Energy and Mineral Resources Minister Jero Wacik following a meeting with China Power Investment vice president firm Xia Zhong.
Wacik was quoted by Global Times as saying that the projects are expected to commence by 2014, at least as far as the ground breaking of the projects was concerned.
The 7,000MW hydropower station is estimated to generate power using water in Kayan River, Wacik said.
Wacik further noted that the development of the project would continue for seven years.
According to power utility firm PLN corporate secretary Adi Supriono, electricity requirement would surge 10% annually in view of 6.5% growth in economy during 2013.