Adaro teams up with Mitsui in bidding for Banten IPP project
Friday, June 24 2011 - 03:20 AM WIB
The company?s official said there are five bidders that have passed the pre-qualification phase of the tender. They are given until September to submit their bids and the winner of the tender will be announced at the end of this year, the official said.
The official did not mention others 4 bidders? name.
Earlier, Pteromindo.Com?s source said that the five bidders include Japanese giant Marubeni Corp; the consortium of Japanese firm Mitsui and Indonesian firm PT Adaro Energy; South Korean utility Kepco; and Indian firm Lanco Infratech Limited.
On Nov. 24, 2010, state electricity firm PT Perusahaan Listrik Negara (PLN) announced the tender for the contract to develop 1x660 MW Banten coal-fired power plant.
PLN said in the announcement that the winner of the project will develop, finance, construct and operate the project under Build-Own-Operate-Transfer (BOOT) scheme pursuant to a long-term Power Purchase Agreement (PPA) valid up to 25 years. The winner will also finance and construct the associated 500 kV transmission line to be transferred to PLN as a special facility. (denny)