Wednesday, March 11, 2009, Shangri-La Hotel, Kota BNI, Jl. Jend Sudirman Kav.1, Jakarta
Building a scheme to power Indonesia
With an electrification ratio of 54 percent in 2005, Indonesia has one of the lowest electrification ratios for comparable economies, according to the World Bank. The Bank estimates around 90 million people in Indonesia still do not have access to electricity.
Indonesian electricity consumption has been growing at 7-9 percent over the past decade, while the installed capacity only grew at a mere 4 percent. The capacity growth is mostly contributed by thousands of stand-by generators rather than new major power plants.
With most economists projecting Indonesia to be able to weather the current global economic crisis better than many other countries, the growth in power demand is expected to continue. There are thus huge investment opportunities in Indonesian power sector.
In 2006, the Indonesian government launched the Phase One fast track program to build dozens of 10,000 MW coal-fired power plants across the country. PT Perusahaan Listrik Negara (PLN) has signed all contracts for the development of the power plants, most of which use the EPC system with PLN as the financing provider and private companies as the EPC contractors.
In 2008, the government launched the Phase Two of the program aimed to build another 10,000 MW power plants across the country. PLN has publicly stated that it does not have enough resources to finance the development of the new power projects, inviting Independent Power Producers (IPP) to develop the projects. IPPs will thus play a crucial role in the Phase Two program as they are expected to contribute 70 percent of the new power capacity.
PLN and the government understand that they must offer good packages to attract the IPPs. As part of the efforts to attract the IPPs, the government recently scrapped regulations that set ceiling price for power produced by IPPs, allowing the price be determined by PLN and the IPPs on business-to-business negotiation. This reflects the government’s seriousness in dismantling any obstacles that may discourage IPPs from taking up the projects.
This one-day seminar is specifically designed to give investors and stakeholders clear direction of the government’s policies to push forward the IPP scheme, PLN’s detailed plan on the location and timing of each proposed IPP and for government and PLN to hear investors’ perspective on the project development.
This is certainly an opportunity all stakeholders, investors would not be willing to miss.
Planned sessions:
- 08.30-09.00 - Key-note Address
Revitalizing IPP to enhance economic growth - 09.00-09.10 - Tea/Coffee Break
- 09.10-10.15 - Session I
Update on Government Policy on IPP - 10.15-12.00 - Session II
Revitalizing IPP and Opportunity for IPP in 10,000-MW Phase-2 Program - 12.00-13.00 - Luncheon Talks
The Role of IPP to Meet Indonesia’s Electricity Demand - 13.00-14.30 - Session III (Panel Discussion)
Building a successful IPP Scheme: Investors and PLN Perspective - 15.00-15.20 - Tea/Coffee Break
- 15.20-17.00 - Session IV (Panel Discussion)
Financing the IPP
Invited Speakers:
- Dr. Sri Mulyani Indrawati (Coordinating Minister for Economic Affairs)
- Dr. Purnomo Yusgiantoro (Minister of Energy and Mineral Resources)
- Jacobus Purwono (Director General of Electricity and Energy Utilization at Ministry of Energy and Mineral Resources)
- Fahmi Mochtar (CEO, PT Perusahaan Listrik Negara (PLN))
- Suroto (Director Planning & Development, PT Pertamina Geothermal Energy)
- Stewart Elliott (President Director, PT Energi Sengkang)
- Fazil Alfitri (President Director, PT Medco Power Indonesia)
- Alex Smillie (VP Geothermal Operation, Star Energy Holding Limited)
- Binarto Bekti Mahardjana (Deputy Director IPP, PT PLN)
- Adiwarman Idris (Head Private Sector Group, Asian Development Bank (ADB))
- Kaoru Nagata (Division Chief, Division 3, Asia & Oceania Finance Department, JBIC)
- Audra Low (Director, Project Finance Resources and Energy Group, HSBC)
- Eko Musono (Vice President Corporate Banking III, Dept. Client Services Team PLN, Bank Mandiri)
Conference Schedule
Date : Wednesday, March 11, 2009
Time : 8 – 17 a.m. Jakarta Time
Venue : Shangri-La Hotel
Kota BNI, Jl. Jend Sudirman Kav.1, Jakarta
Language : English
Participants: President Directors, Directors, Managers, Consultants, Legal advisors of Oil & Gas; Coal Mining & Trading; Geothermal; Power Producers; Power Purchasers; Investors, etc.
Conference Fee: US$525 or Rp 5,500,000.0 per person *)
Payment can be transferred to:
Bank Ekonomi, Cempaka Mas branch
Acc. No.: 209-186-0263
Acc. Holder: PT Binadi Reksa Dayatama
For further information, please contact:
Sari/ Henny / Willy
Tel +62-21-4893818 (hunting)
Fax +62-21-47867660 ,
or email: marketing@petromindo.com
*) Price includes conference documentation, luncheon, coffee/tea breaks.