Aslan Energy Capital, Singapore and PT Calypte Sugi Power, Indonesia have signed a Memorandum of Understanding to co-operate on the development of a power generation hub to be located in Sugi Island, Riau Islands province in Indonesia.
The focus of the power hub is to develop large scale solar and sustainable clean power generation capacity in the Riau Islands. Initial planning aims at 1 GW of solar power production capacity by Q3 2026, with definite plans to achieve up to a combined 2 GW of solar power generation capacity by Q4 2027, making use of the unique and favourable conditions for clean energy development on Sugi Island.
“The Sugi Power Hub is a key component in our group’s strategic mission on developing a sustainable energy value chain portfolio. The unique geographic location, relatively flat terrain and good solar irradiance conditions of the island make 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”, said Dr Muthu Chezhian, CEO of Aslan Energy Capital, Singapore.
“The feasibility studies have been completed with reassuring results and the project is advancing with the detailed project engineering in the coming months, with FID targeted in Q2 2025”, said Mr Han Fook Kwang, chief development director PT Calypte Sugi Power.
Aslan Energy Capital is a project development, operations and new energy assets platform focused on renewable hydrogen, renewable ammonia and sustainable energy value chain. AEC concentrates on partnerships with key energy sector players, technology developers and investment partners to structure and deliver solutions to address energy and social infrastructure solutions into their core operational markets in Asia and Americas.
