HGII Prepares for PLN's 2026 Renewable Energy Project Auction
PT Hero Global Investment Tbk (HGII) is optimistic about the 2026 renewable energy project auction by PT PLN, focusing on hydropower plant development as part of the 2025-2034 Electricity Supply Business Plan. The company emphasizes quality in project development and is actively participating in upcoming auctions for hydropower and bioenergy projects, supported by the government's commitment to accelerate the energy transition.
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PT Hero Global Investment Tbk (HGII) is optimistic about the upcoming renewable energy project auction by PT PLN (Persero) planned for 2026. This optimism aligns with the increasing opportunities for developing clean energy power plants as outlined in the 2025-2034 Electricity Supply Business Plan (RUPTL).
HGII's management emphasizes a disciplined approach to project pipeline development, focusing on hydropower plants that support national electricity reliability. The company prioritizes project quality over aggressive capacity expansion, evaluating each auction opportunity thoroughly, including technical feasibility and long-term operational sustainability.
HGII is actively participating in a hydropower auction in North Sumatra and a bioenergy power plant in West Kalimantan in the first quarter of 2026. The government and PLN's commitment to accelerating energy transition enhances prospects for future renewable energy development, with PLN planning significant renewable energy project auctions involving private sector partnerships.
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