• Facility to be powered by 600MW renewable energy plant and will produce 150,000 tonnes of green ammonia annually
  • Deal was signed on the sidelines of COP28 climate conference

Dubai, United Arab Emirates: Saudi-listed ACWA Power, the world’s largest private water desalination company, leader in energy transition and first mover into green hydrogen, is set to develop in the largest green hydrogen facility in Indonesia with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider and PT Pupuk Indonesia, a state-owned fertiliser and chemical producer.

The announcement was made on the sidelines of 28th United Nations Climate Change Conference (COP28) underway in Dubai. ACWA Power CEO Marco Arcelli signed the agreement with PLN’s CEO Darmawan Prasodjo and Rahmad Pribadi - CEO of Pupuk Indonesia Holding Company.

“We are honoured to deepen our relationships with the government and government entities of this vibrant, ambitious nation through this new green hydrogen project,” said Marco Arcelli, Chief Executive Officer, ACWA Power. “As we expand our footprint in Indonesia, we remain committed to supporting sustainable progress, for a greener future for all.”

The Garuda Hidrogen Hijau (GH2) Project, which is expected to start commercial operations in 2026, will run on 600MW of solar and wind power, and will produce 150,000 tonnes of green ammonia per year. The cost of the project is estimated to be upwards of $1 billion.

The bidding process for engineering procurement and construction (EPC) for the Garuda Hidrogen Hijau project is expected to start in the first quarter of 2024, with financial close planned for the end of 2025.

ACWA Power is expanding its green hydrogen portfolio; work is well underway at the 1.2 million tonne-per-year NEOM Green Hydrogen Project in Saudi Arabia and planned for completion in late 2026, and the company broke ground on a second project in Uzbekistan, in November 2023.

"Green hydrogen is one of the answers to the energy transition. Therefore, the development of green hydrogen is our focus in efforts to accelerate the energy transition," said PLN President Director Darmawan Prasodjo. "We see a strong commitment from the government, PLN, Pupuk Indonesia and ACWA Power, therefore we are ready to support this joint development effort of green hydrogen and green ammonia to achieve common goals," he added.

President Director of Pupuk Indonesia Rahmad Pribadi said: "This collaboration is an extraordinary collaboration. This effort is not only for the benefit of a better environmental future but also to encourage better economic growth in Indonesia in the future.”

The company is also growing its presence in Indonesia after it was awarded the contracts to develop two floating offshore solar photovoltaic (PV) plants in October 2022.

About ACWA Power

ACWA Power (TADAWUL:2082) is a Saudi-listed company and the world's largest private water desalination company, the first mover into green hydrogen, and a leader in energy transition. Registered and established in 2004 in Riyadh, Saudi Arabia, ACWA Power employs over 4,000 people and is currently present in 12 countries in the Middle East, Africa, Central Asia and Southeast Asia. ACWA Power’s portfolio comprises 77 projects in operation, advanced development, or construction with an investment value of SAR 310.5 billion (USD 82.8 billion), and the capacity to generate 53.69 GW of power and manage 7.64 million m3/day of desalinated water per day, delivered on a bulk basis to address the needs of state utilities and industries on long term, off-taker contracts under utility services outsourcing and Public-Private-Partnership models.

Learn more: www.acwapower.com

Media contacts:
Yahya Hamidaddin, Executive Director – PR, Media & Content – YHamidaddin@acwapower.com
Mohammed Al Hasan, Senior Manager – PR, Media & Content – Moalhasan@acwapower.com

Overview of PLN

PT PLN (Persero) is an electricity state-owned company that continues to be committed and innovate in carrying out its great mission of illuminating and moving the country. Having a vision to become the leading electricity company in Southeast Asia, PLN is moving to become customers' number 1 choice for Energy Solutions. PLN carries a Transformation agenda with Green, Lean, Innovative and Customer Focused aspirations to provide electricity for a Better Life. PLN can be contacted via the PLN Mobile application available on PlayStore or AppStore.