State electricity firm PT Perusahaan Listrik Negara (PLN) signed an agreement with a consortium headed by Japan's Marubeni Corp to purchase power from a new power plant, Reuters quoted the energy minister as saying on Monday (20\/8\/07).<\/p>\n
Purnomo Yusgiantoro told reporters that the consortium would construct a $750 million power plant and supply electricity to PLN for 4.363 US cents per kilowatt hour for 30 years. Commercial operation is expected to start by August, 2011.<\/p>\n
The deal was signed in the presence of Japanese Prime Minister Shinzo Abe and Indonesian President Susilo Bambang Yudhoyono.<\/p>\n
Marubeni controls a 32.5% stake in the consortium, Korea Midland Power Co holds 27.5% and two local firms, Tripatra Engineers and Construction and Samtan Co, hold 20% each.<\/p>\n
Last year, PLN picked a consortium led by Marubeni to build a 600-MW coal-fired power plant in Cirebon, West Java. The project is expected to be completed in 2010.<\/p>\n
Separately, PLN's president director Eddie Widiono said it had agreed to buy power for 4.64 US cents per kilowatt hour from the planned Sarulla geothermal power plant.<\/p>\n
Last year, PLN awarded a contract to a consortium of Medco, Ormat Technologies and Itochu Corp. to build a 330-MW geothermal power plant in Sarulla in North Sumatra at a cost of $800 million.<\/p>\n
Medco has a 62.25% stake in Sarulla, Itochu 25% and Ormat 12.75%.
\nPLN on Monday also signed a preliminary power purchase agreement with PT Paiton Energy Company, which will build an additional 800-MW coal-fired power plant at its existing facility in East Java, Dow Jones Newswires reported.<\/p>\n
The Ministry of Energy and Mineral Resources said Paiton Energy will invest $720 million in the project expansion. The additional electricity will help PLN provide power to Java, Madura and Bali islands.<\/p>\n
Indonesia has said it wants to add 24,000 MW of electricity by 2013 from projects estimated to cost $30 billion. PLN has a monopoly over power supply in Indonesia and has 24,000 MW of generating capacity, but most of its plants are ageing, so daily output is far below capacity. Some 30% of the plants use oil products such as diesel and fuel oil.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/pln-signs-for-new-power-plants-1188261484", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }