Global BOD Group, a Lithuanian group unifying high-tech companies throughout the Baltics, has struck a deal with Sunjaya Purwadi, the governor of the Indonesian region of Cirebon, to build solar power plants in Indonesia.
Solar power plant
© Reuters/Scanpix

According to Global BOD Group, exports to Indonesia discussed will reach €150 million over three years.

In 2014, the group began developing solar power plant and factory construction projects in South Africa, Malaysia and India. Now, it is making investment inroads into Indonesia, a country with a population of over 250 million people and whose GDP is supported primarily by the export of liquefied natural gas.

A smart city is currently being built in Cirebon that will also have two solar plants that together will provide 10 megawatts of power.

According to Vidmantas Janulevičius, the chairman of the group's board, once these two plants have been constructed and have demonstrated their competitive advantage, the Cirebon province will also build a 100-megawatt power plant, and the general value of the project will be between €140 and €150 million.

Janulevičius also said that Lithuanian industrialists see large business development opportunities in South-East Asia – Indonesia, Malaysia, Thailand and Laos. These countries together represent a population of more than 600 million.

“Though China is closer, we have often been disappointed by their industry and the quality of their products,” said Purwadi, a former military official who recently made the transition to civil service. “The solar power sector is no exception. Japanese technology is attractive, but it is much more expensive than European technology.”

Leave a comment
or for anonymous commenting click here
By posting, you agree to terms
Read comments Read comments

Lietuvos Energija is Acquiring a Wind Farm Development Project in Poland

Lietuvos Energija , a group of energy companies, further pursues the international strategy provided...

Latvenergo starts selling natural gas in Lithuania

Latvia's state energy company Latvenergo has started offering natural gas to its customers in...

Brussels preparing for talks with Russia on Baltic power systems

The European Commission is getting ready to start consultations with Russia over the switching of...

The biggest Lithuanian energy company expands in Poland

The Lithuanian state capital energy company group Lietuvos Energija moves forward with...

Eesti Gaas places order for the first LNG bunker vessel for North-East Baltic Sea

The leading Estonian energy company Eesti Gaas has placed an order for an LNG (liquefied natural gas)...