Construction work has commenced on a USD129 billion green industrial estate in Borneo, Indonesia. This project will be financed by investments from the Government of China and the United Arab Emirates (UAE). Construction on the Green Indonesian Industrial Estate is scheduled to be completed by 2024.
Once completed, the 30,000-hectare industrial zone will be a production hub for solar panels, electric vehicle (EV) batteries, industrial silicon, among other. The estate will be powered by a 9,000 MW hydropower plant located in Indonesia, which is currently under construction. The USD17.8 billion facility is being built by Kayan Hydro Energy with funding from China-based Power Construction Corporation (PCR).
Till date, at least ten key Chinese investors have committed to investment in the zone.
