Chinese and Indian firms partner to develop Bali solar project

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PT Futura Energi Global Tbk (FUTR), a publicly listed Indonesian energy company, has signed a Memorandum of Understanding (MoU) for cooperation with China's Zhejiang Energy Photovoltaic Technology Co. and Indonesia's PT Hypec International.The plan is to jointly build rooftop solar power plants (PLTSA) with a capacity of 130 MW. The value of the deal is still under further negotiation.

FUTR's president said this is the first time FUTR has been in theFirst project in the field of renewable energyFitting in with the governmentNet zero emissions by 2060The goal of the The program is sponsored by China'sFinancial support from Zhejiang EnergyPT Hypec is responsible for Engineering, Procurement and Construction (EPC) and PT Hypec already has relevant project experience in Indonesia.

The project will take place inBali in stages, FUTR is working withLocal government coordinationIdentify building sites that meet spatial planning and local needs.FUTR will be establishedSpecialized subsidiariesresponsible for the operation of this solar power plant. The goal is to be indocumentation, feasibility studies and permit approvals completed in the first half of 2026.This is followed by the construction phase. Investments will be made in accordance withAdjustment of the provisions of the Presidential Decree on the acceleration of the development of renewable energy sourcesThe

# Chinese Capital Express