ACWA POWER selected as preferred bidder for two projects in Indonesia

ACWA POWER Co. announced on Sunday receipt of the notification letter on 29th April 2022 as the Preferred Bidder to develop two solar PV projects in Indonesia, namely:

1) Singkarak Floating PV 50 MWac, located in Sumatera

2) Saguling Floating PV 60 MWac, located in Java.

The offtaker for both projects will be PLN, a government-owned national utility. ACWA Power will now work with the relevant stakeholders to take this project towards final award stage, and any developments in this regard will be announced in due course.

Financial impact of this development is not applicable at this stage.