Malaysian firm plans 3,000-MW power plant in Sumatra
Tuesday, May 27 2008 - 11:00 PM WIB
Transpower Energy Ventures Sdn Bhd (TEV) chairman Tan Sri Norian Mai said the plant would transmit electricity in 2016 to cope with Malaysia?s power demand when oil reserves would be depleted.
?Agreed to in principle by the Malaysian and Indonesian governments, the power plant will supply electricity to Tenaga Nasional Bhd (TNB) to be connected to the national grid.
?The supply of energy will strengthen TNB?s existing 500kV transmission network to deliver the energy in a safe and reliable manner,? Norian told StarBiz.
The proposed plant location is Peranap, in the Regency of Indragiri Hulu.
?It will be built on the coal mine, with its abundant indigenous surface level sub-bituminous coal,? Norian said.
The energy supply will be connected at Malacca and the plant in Indonesia would be built by South Korea?s Jungwoo Construction and Korean Electric Power Co.
TEV CEO Fuad Omar said the planning for and development of the project started about two years ago and the company was preparing to present the full techno-commercial proposal to the Energy, Water and Communications Ministry soon.
?In October 2007, a presentation was made to the Economic Planning Unit (EPU).
?The company is now in the process of securing full financing for the project with MeNA Financial Group ? a Dubai-based financial institution ? acting as the main arranger and structuring advisor,? he said. (*)