Bloomberg News

Alternative Energy Wins Order for China-Backed Indonesian Solar

April 22, 2013

Alternative Energy Ltd., a Singaporean developer of energy-saving technologies, won an order to provide engineering, procurement and construction services to PT Mega Urip Pesona solar parks in Indonesia.

LDK Solar Co. (LDK:US) will supply panels to some plants under a deal last year, and a planned $600 million loan from China will provide funding, Alternative Energy said today in a statement. Separately, a 10 to 50 megawatt park will be built in Bali, and nine 10-megawatt plants elsewhere in Indonesia.

Alternative Energy will be paid by Mega Urip, an Indonesian project developer, at a rate of at least 5 cents a watt.

To contact the reporter on this story: Feifei Shen in Beijing at fshen11@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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