Indonesia’s US$1.67 billion China-backed dam is in limbo. Why?
Even energy regulators were kept in the dark about the abrupt crackdown that has spooked renewables investors

North Sumatera Hydro Energy (NSHE), the developer of the US$1.67 billion Batang Toru hydroelectric project, was among 28 companies whose permits were revoked on January 20 over allegations of forest damage. The cancellations followed an expedited audit of companies operating in forest areas across Aceh, North Sumatra and West Sumatra provinces by the Forest Area Regulation Task Force.

“Two days ago, I led a cabinet meeting by Zoom from London, and we decided to revoke the licences of 28 corporations that had licences over 1.01 million hectares because we found them violating laws. They were building plantations on protected forests,” Prabowo said.
“Combined with the 4 million hectares of plantations already confiscated, we have in fact enacted the boldest, the most daring forest law-enforcement effort in the history of Indonesia.”