Bisnis, JAKARTA — The Kayan Cascade hydroelectric power plant megaproject is transitioning into a new phase as Sumitomo Corporation has officially opted out of the project, situated along the Kayan River in the Long Peso District, Bulungan Regency, North Kalimantan.
Sumitomo Withdraws from Kayan Hydropower Project, What's Next?
The project's fate hangs in the balance following the official termination of collaboration between Sumitomo Corporation and PT Kayan Hydro Energy (KHE), despite their partnership only beginning in 2022.
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