PT Sumber Energi Sukses Makmur, a subsidiary of publicly-listed company PT Exploitasi Energi Indonesia Tbk (IDX: CNKO), has signed a deals with two Chinese firms to develop a mid-sized solar power plant and an electric vehicle (EV) plant in Indonesia - Photo: Special

JAKARTA (TheInsiderStories) – PT Sumber Energi Sukses Makmur, a subsidiary of publicly-listed company PT Exploitasi Energi Indonesia Tbk (IDX: CNKO), has signed a deals with two Chinese firms to develop a mid-sized solar power plant and an electric vehicle (EV) plant in Indonesia. The miner has signed an agreement on August 12, to build EV assembly with Today Sunshine, a car manufacturer from Zhejiang, China.

Then, the coal trader, signed a deal with Hefei-based solar multinational Sungrow Power Supply Co. Ltd., to develop a 10.5 megawatt solar power plant in South Sumatra, one of the country’ coal heartlands. According to Zulfian Mirza, president director of the company, this cooperation will produce electric cars in the low-speed segment with a capacity of five passengers around 10,000 units per year.

Batam, he said, was chosen by both parties as the location because the city already has infrastructure and is a free trade area. This electric car will use electric battery technology with raw materials to be obtained from Sulawesi. Its hoped that the construction of this electric car factory will begin next year.

At the same time, Sumber Energy also has a battery industry development plan in the same location to support the needs of electric car batteries. Today Sunshine has been established since 2014 and has produced around 50,000 units of low-speed electric vehicles so far.

“The company will also develop battery charging stations in several locations in major cities in Indonesia and prepare solar farms at several points in Jakarta to support the plan,” said the director M. Hamzah.

On the solar power plant, the energy producer and Sungrow will begin plant construction in September 2020 and to have it operational by January 2021. “This is an opportunity for Sungrow to continually grow, seeing the other potential in Indonesia, going forward,” said Sungrow Indonesia head, Baggio Teng.

He estimated it could develop up to 1.5 gigawatt worth of solar farm projects on water reservoirs and abandoned mining pits around Indonesia. Indonesia’ largest solar plant in operation is the 15 megawatt Likupang plant in North Sulawesi and the largest under development is the 150 megawatts’ Cirata plant in West Java

Written by Editorial Staff, Email: theinsiderstories@gmail.com