Bangkok, Electricity Generating Public Company Limited (EGCO Group) revealed the progress of a new project in the infrastructure and public utility business through PT Chandra Daya Investasi (CDI) in Indonesia. Dr. Jiraporn Sirikham, President of EGCO Group, revealed that since EGCO Group acquired a 30% stake in CDI, an infrastructure and utility company under PT Chandra Asri Pacific Tbk (CAP), a leader in the chemical and infrastructure business in Indonesia, in late 2023, EGCO Group has been working closely with CAP and CDI to jointly develop CDI into a leading infrastructure and utility investment platform in the ASEAN region, focusing on the expansion and development of CDI's existing projects, along with strategic investments in the form of joint ventures with partners, mergers and acquisitions, and related business collaborations in the power generation, water, chemical storage and port and cargo ship businesses to maximize the efficiency of utilizing existing assets, as well as expanding the customer base and supporting future demand. CDI currently has progress in new significant investment projects in 3 business groups as follows: Electricity generation and sales business: CDI is developing solar power, expecting a floating solar cell project in a reservoir of the integrated water production and treatment business with a production capacity of 32 megawatts (divided into 2 phases: 8 megawatts and 24 megawatts) and a solar rooftop project with a production capacity of 3 megawatts, including seeking opportunities to install additional solar rooftops in industrial plants, including studying to prepare for the expansion of the production capacity of the KPE power plant project, phase 2, to support a new plant in the Krakatau Posco Industrial Estate, which is under development. Integrated Water Treatment and Production Business: Based in Cilegon and with long-term contracts with various industrial customers, CDI plans to build additional reservoirs and treatment plants to accommodate the increasing water de mand in the industrial estate. Chemical Warehouse and Port Management Business: Providing integrated chemical warehouse and port services in the strategic area of ??Serang, CDI is preparing a plan to support the expansion of its chemical warehouse and port business following CAP's investment in Shell's refinery and petrochemical plant in Singapore. Source: Thai News Agency
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