Nine power projects expected to reach financial close in first semester
Friday, January 20 2017 - 02:04 AM WIB
Petromindo
Nine power plant projects with combined capacity of 4,570 MW to be developed by independent power producers are expected to reach financial close in the first semester of this year, paving the way for the projects to start construction, Bisnis Indonesia reported on Friday.
State-owned electricity firm PT PLN Procurement Director Supangkat Iwan Santoso was quoted by the paper as saying that the projects were supposed to reach financial close last year, but was delayed due to different reasons.
?There are a number (of power plant projects) which will reach financial close in the first semester (of 2017),? Supangkat said.
He said that the 1,000 MW PLTU Cirebon II coal-fired power plant project in West Java, and the 2x1000 MW PLTU Jepara coal-fired power plant project in Central Java are expected to soon reach financial close.
Supangkat said that the two projects were supposed to reach financial closure last year, but was postponed as the developers had yet to obtain the so-called business feasibility guarantee (or SJKU) from the Ministry of Finance required by the would-be financiers.
President Director of PT Cirebon Energi Prasarana Heru Dewanto told the paper that the company has obtained the SJKU and hopes to be able to reach financial close in February of this year for the PLTU Cirebon II project.
The paper said that the other seven power plant projects targeted to reach financial close in the first semester of this year are PLTU Kalsel 1 (2x100 MW), PLTU Bengkulu (2x100 MW), PLTU Sumsel 1 (2x300 MW), PLTU Kalbar 1 (2x100 MW), PLTGU Bangka Peaker combined-cycle power plant (100 MW), PLTU Kaltim 4 (2x100 MW), and PLTB Sidra wind power plant (70 MW). (*)