Bina Puri a construction company in Malaysia announced yesterday its 80%-owned unit PT Megapower Makmur will build a mini hydropower plant in Indonesia. PT Megapower Makmur, has entered into an agreement with PT PLN (Persero) and will build and operate a 4200 KW mini-hydro power plant in Patteneteang, Tompobulu district in the Bantaeng regency of South Sulawesi at an estimated development cost of US$10mil.
According to Bina Puri, the annual electricity output is approximately 23,915 GWh and the tenure of power purchase agreement (PPA) is 15 years effective from the date of commercial run of the power plant. The construction period for the power plant, the sixth secured in the region, will take 24 months.
“The annual output of electricity produced is about 23,915 GWH. The tenure of power purchase agreement is 15 years effective from the date of commercial run of the power plant,” it said.
The agreement is expected to contribute positively towards the earnings of Bina Puri Group from the financial year ending December 31, 2014 onwards.
Today hydropower generates around 15 percent of the globe’s electricity (around 6 percent of the total power provide). Part of the beauty of hydropower lies in its simplicity. Moving water (kinetic energy) spins a turbine or wheel (mechanical energy), which drives a generator (electrical energy).