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inexperienced hydrogen for Indonesia
Saudi-listed ACWA Power, the world’s largest personal water desalination company, chief in power transition and first mover into green hydrogen, is about to develop within the largest inexperienced hydrogen facility in Indonesia with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electrical energy supplier and PT Pupuk Indonesia, a state-owned fertiliser and chemical producer.
The announcement was made on the sidelines COP28 underway in Dubai. ACWA Power CEO Marco Arcelli signed the settlement with PLN’s CEO Darmawan Prasodjo and Rahmad Pribadi – CEO of Pupuk Indonesia Holding Company.
Marco Arcelli, Chief Executive Officer of ACWA Power
The Garuda Hidrogen Hijau (GH2) Project, which is predicted to start out business operations in 2026, will run on 600MW of photo voltaic and wind energy, and can produce 150,000 tonnes of inexperienced ammonia per 12 months. The price of the mission is estimated to be upwards of $1 billion.
The bidding course of for engineering procurement and building (EPC) for the Garuda Hidrogen Hijau mission is predicted to start out within the first quarter of 2024, with monetary shut deliberate for the tip of 2025.
ACWA Power is increasing its inexperienced hydrogen portfolio; work is nicely underway on the 1.2 million tonne-per-year NEOM Green Hydrogen Project in Saudi Arabia and deliberate for completion in late 2026, and the corporate broke floor on a second mission in Uzbekistan, in November 2023.
The firm can be rising its presence in Indonesia after it was awarded the contracts to develop two floating offshore photo voltaic photovoltaic (PV) crops in October 2022.
ACWA Power is a developer, investor, co-owner and operator of a portfolio of energy era and desalinated water manufacturing crops with a presence in 12 nations throughout the Middle East, Africa, Central and South-East Asia. ACWA Power’s portfolio of tasks in operation and improvement has an funding worth in extra of USD 74.8 billion, and a capability of greater than 50 GW of energy and seven.6 million m3/day of desalinated water.
Its power portfolio consists of environment friendly mixed cycle energy crops, solar (Photovoltaic (PV) and Concentrated Solar Power (CSP)), wind, desalination crops, and inexperienced hydrogen tasks.
