ACWA Power will develop a green hydrogen facility in Indonesia with PT Perusahaan Listrik Negara, Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertilizer and chemical producer.
The Garuda Hidrogen Hijau project, which is expected to start commercial operations in 2026, will run on 600 MW of solar and wind power, and will produce 165,000 tons (150,000 tonnes) of green ammonia per year. The cost of the project is estimated to be upwards of US$1 billion.
The bidding process for engineering, procurement, and construction for the Garuda Hidrogen Hijau project is expected to start in Q1 2024, with financial closing planned for the end of 2025.
ACWA Power is a developer, investor, co-owner, and operator of power generation and desalinated water production plants with a presence in 12 countries across the Middle East, Africa, Central and South-East Asia.
