Turkish firm Hitay Holdings to invest US$1 billion in Aceh geothermal power plant. Turkish firm Hitay Holdings has reiterated its commitment to invest US$1 billion in the development of a 220-megawatt geothermal power plant in Bener Meriah regency, Aceh.
The company is now awaiting the result of its bid from the Energy and Mineral Resources Ministry, according to a press statement sent to The Jakarta Post by the Aceh governor’s office.
Chinese firm KS ORKA also participated in the bidding.
“God willing, we will soon kick off the project,” said Hitay Holdings chairman Mehmet Emin Hitay after meeting with Aceh Governor Irwandi Yusuf in Aceh on Wednesday.
Mehmet said he had visited Aceh four times to discuss the project. The company plans to drill six wells in two years to harness geothermal energy.
Meanwhile, Aceh Governor Irwandi also offered the Turkish company other investment opportunities, such as in fisheries, tourism and the Arun special economic zone.
Turkish firm Hitay Holdings to invest US$1 billion in Aceh geothermal power plant (Kurniawan, The Jakarta Post)