Pertamina, PLN sign Lampung geothermal deal
Wednesday, February 17 2010 - 06:08 AM WIB
Under the deal, PGE will sell steam to generate 2x55MW power plant that would be built by PLN.
PGE will supply steam with price of 4.2 US cents per kwh with annual escalation of 2 percent over a period of 30 years. Commercial operations is expected in 2012.
PLN, at the same time, also signed EPC contract with Japan?s Sumitomo Corp., which teams up with national firm PT Rekayasa Industri to build the Ulubelu unit 1 and 2 power plant with combined capacity of 110 MW.
Contract value is $156.7 million which is financed by softloan from JBIC. Construction will be completed in 32 months from effective contract date. Unit 1 will start in July 2012 with the second unit follows 4 months after.(bernard)
| Feature EPC Contract of PLTP Ulubelu (2 x 55 MW) | |
| Project Location | Ulubelu, Tanggamus, Lampung |
| Project Finance | JBIC Loan No. IP-525 |
| Contract Type | Full Turnkey EPC |
| EPC Contract Cost | USD 156.7 Million |
| Plant Capacity | 110 MW (2 x 55 MW) |
| Unit Cost | USD 1425 / kW |
| Main EPC Contractor | Sumitomo Corporation, Japan |
| Plant Supplier Sub-Contractor | Fuji Electric Systems, Japan and PT Rekayasa Industri |
| Construction Sub-Contractor | PT Rekayasa Industri |
| Contract Signed | February 2010 (Schedule) |
| Contract Schedule Period | 32 months |
| Unit-1 Commercial Operation | September 2012 (Schedule) |
| Unit-2 Commercial Operation | November 2012 (Schedule) |
| Plant Energy Output per Year | 819 GWh (85% Plant Factor) |
| Fuel Savings | 209 Million liters per year |
| Fuel Cost Savings | Rp 1,298 billion per year |
| Source: PLN | |