Nebras, PLN sign deal for 500 MW power project in RI
Tuesday, September 15 2015 - 06:34 AM WIB
Nebras Power Chairman Fahad bin Hamad al-Mohannadi did not reveal specific details of the project but told Gulf Times that the two companies were ?still in the finalization phase of negotiations on the uptake of the contract and the fuel supply agreement?.
?It is still in the early stages, which is why we cannot quantify the investment. But the project is a full chain starting with the 500MW power plant, which is around US$300 million. In addition, there will be a distribution system for gas and also a gas receiving terminal,? al-Mohannadi explained.
He added: ?At this stage, we do not have the exact figures but this agreement would get the ball rolling towards developing the strategy of investments in Indonesia.?
Citing Indonesia?s plans to generate 35,000MW over the next five years, al-Mohannadi said Nebras was open to plans of increasing the power plant?s capacity. ?This will all happen in time if we are successful in developing our project correctly and if we create a good ground for further relations,? he said.
Asked about the timeframe of the project, al-Mohannadi noted, ?There is an indication from them that they want the power plant to be ready by 2019; that is the target but at this stage there is still no definite timeframe.?
The Nebras-PLN agreement was made as Indonesian President Joko Widodo was on tour to the Middle East including Qatar in a bid to lure investment into the country. (*)