JAKARTA -- Japanese trading house Sumitomo Corp. on Thursday signed a partnership agreement with an Indonesian partner of Power Construction Corp. of China (PowerChina) to jointly develop a hydroelectric power station estimated to cost $17.8 billion on the island of Borneo.
Energy
Japan's Sumitomo joins $17.8bn Indonesia hydropower project
Kayan Cascade, part of China's Belt and Road, on track after 10-year delay
Sumitomo Corp. is taking part in the Kayan Cascade project in Indonesia, the first big hydropower project for Japanese company in the country. (Photo by Erwida Maulia)
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