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ACWA Power Signs Deal Worth More Than $1 Billion to Develop the Largest Green Hydrogen Project in Indonesia

ACWA Power will develop the largest green hydrogen facility in Indonesia in collaboration with PT Perusahaan Listrik Negara (PLN), Indonesia’s state-owned electricity provider, and PT Pupuk Indonesia, a state-owned fertilizer and chemical producer. The cost of the project is estimated to be more than $1 billion. The announcement was made during the 28th United Nations Climate Change Conference (COP28), underway in Dubai.

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