China Power Investment Corporation has unveiled a plan to invest US$17 billion in developing 7,000 MW of hydroelectric power in Indonesia's North Kalimantan region.
The Chinese state-owned utility said the unnamed hydropower project will be constructed in stages along the Kayan River, with work hoped to begin next year.
Indonesian power corporation Perusahaan Listrik Negara (PLN) said the new plant is necessary to help keep up with the country's increasing demand for energy, which is expected to rise by about 10% annually.
China Power Investment recently completed the 6,000-MW Myistsone hydro project in Myanmar under a similar arrangement.
For more news from Asia, visit here.