On November 21st, CNCEC Chengda Indonesia GPK Company signed the first carbon sink trading agreement with Indonesia GCL Company, transferring the rights and interests of approximately 11,800 tons of carbon dioxide emissions to GCL Company. The successful signing of the agreement not only marks the first successful practice of a Chinese-funded energy enterprise in the Indonesian carbon sink market but also represents an important milestone for Chinese-funded enterprises to support the green development of emerging economies with practical actions and implement the green economic concept of the “Belt and Road Initiative”.  

As a BOOT coal-fired power plant project invested, constructed and operated by Chengda in Indonesia, PT. Graha Power Kaltim‌ (GPK) in Indonesia has always adhered to the concept of "safety, environmental protection, energy conservation and emission reduction". The first flue gas seawater desulfurization equipment on the island of Kalimantan was built and put into operation simultaneously with the power plant. GPK has vigorously carried out energy conservation and environmental protection work, striving to reduce the impact of the production process on the natural environment, and has been highly recognized by local and national environmental protection departments. This innovative measure of carbon sink trading provides an effective resource complementary mechanism for both parties, reflects the strong determination of the two enterprises to actively implement the "carbon neutrality" goal set by the governments of China and Indonesia, and promotes local ecological protection and green development.  

Against the backdrop of the construction of the new capital region in Indonesia, GPK Company is actively exploring new models of green and environmentally friendly operations. In May of this year, it reached a fly ash trading agreement with the Chinese enterprise, PT. Red Lion Cement Indonesia. Within the year, it will complete the transaction of 15,000 tons of fly ash, turning the production waste that used to require payment for disposal into raw materials for cement production, thus achieving the goal of “turning waste into treasure” at one fell swoop.