PLN holds beauty contest to develop more power units at Paiton
Friday, February 23 2007 - 01:28 AM WIB
The Beauty contest which kicked off on February 22 will run through April 23, 2007.
Head of the team of the government?s power crash program Yogo Pratomo said in Jakarta Thursday that when the beauty contest is over, the two bidders will propose bidding price, offering lowest power price to PLN on April 30.
Yogo said that the power price to be on offer can either be above 0.045 U.S. cents per kWh or above the price set by the ministerial decree no. 044/2006 on private power selling price issued by the Ministry of Energy and Mineral Resources.
He asserted that the timeline for the Paiton 3-4 coal-fired power plant expansion project is 30 months, with the power plant expected to come on stream in December 2010.
?Winner of the tender for the expansion of Paiton 3-4 coal-fired power plant project will be announced on May 14. After that, they will sign power purchase agreement (PPA) on August 14, 2007,? he said.
There are now six power generating units with a combined capacity of 3,340 MW, owned by PLN?s subsidiary PT Pembangkit Jawa Bali (Paiton Unit 1 and 2 with a combined capacity of 800 MW), PT Paiton Energy Company (Paiton Unit 7 and 8 with a combined capacity of 1,320 MW) and PT Jawa Power (Paiton Unit 5 and 6 with a combined capacity of 1,220).
The new power generating units will be called Paiton Unit 3 and 4 to differentiate them from other power units in the giant complex. Both will have a combined capacity of 800 MW. (*)