HD Capital Recurring Income from Minihydro

PT HD Capital, Tbk (HADE IJ) would start sampling the recurring income from power plants by the year 2019. Currently, company is focus the final two power plant projects, each is targeted for completion in the year 2019 and 2020. After acquired a renewable energy provider, PT Panca Sinergi Perkasa (PSP), HD Capital will focus on minihydro business. PSP has 18 subsidiaries, where seven of them have got the Power Purchase Agreement (PPA) from the State Electricity Company (PLN), while 11 other companies are still in the process of licensing or haven’t gotten the PPA from PLN.

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