JAKARTA (RambuEnergy.com) – Stae-owned energy company PT Pertamina, through its subsidiary Pertamina Power Indonesia (PPI) has kicked off the construction of mega gas power plant PLTGU Jawa 1 in Cilamaya, Karawang, West Java Province with installed capacity of 1,760 MW.
Coordinating Minister for the Economy Darmin Nasution said during the groundbreaking ceremony on Wednesday (Dec. 19) that the project is expected to create job opportunities of up to 5000 people – 4,600 people during construction and 200 people during commercial operation.
Ginanjar, President Director of Pertamina Power Indonesia (PPI) said that the project is estimated to cost US$1.8 billion or Rp 26 trillion.
Pertamina President Director Nicke Widyawati said the project will be the biggest gas power plant in South East Asia.
The gas power plant will include an LNG receiving terminal and floating storage and regasification unit (FSRU) with a capacity of 170,000 sqm.
Pertamina will develop the project through its subsidiary PT Pertamina Power Indonesia (PPI), a holding entity for two independent power producers (IPPs) Jawa-1 under PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR). The consortium members are Marubeni Corporation, Sojitz Corporation and others.
JSP was formed to maintain the power plant, while JSR will manage the FSRU.
The LNG-to-power project is located in Cilamaya, West Java Province. Pertamina’s partners include Japanese firms, Marubeni Corp and Sojitz Corp.
The financers include Japan Bank for International Cooperation and Asian Development Bank, as well as a group of commercial mandated lead arrangers, including Credit Agricole, Mizuho Bank, MUFG Bank, OCBC Bank and Société Générale.
The other financial institutions taking part in the financing of the project are Oversea-Chinese Banking Corporation Ltd, Crédit Agricole Corporate and Investment Bank, Société Générale
The project includes the 1,760-megawatt Jawa-1 combined cycle power station and an accompanying 170,000-cubic-metre floating storage and regasification unit (FSRU) that will process shipments of liquefied natural gas or LNG.
The electricity produced will be sold to Persero, a state-owned power utility in Indonesia, for a period of 25 years.
Written by Roffie Kurniawan (email: firstname.lastname@example.org)