Progress of PLTU Batang reaches 30%
Tuesday, May 23 2017 - 02:40 AM WIB
Petromindo
Construction progress of the 2x1,000 MW Batang coal-fired power plant (PLTU) project in Central Java has now reached around 30 percent.
?Progress of the entire project has reached around 30 percent,? said Dharma Djojonegoro, Vice President Director of PT Adaro Power, to Petromindo.com recently. He added that construction of jetty is in progress. He did not provide further details.
Adaro Power, a subsidiary of IDX-listed PT Adaro Energy Tbk, owns a 34 percent stake in PT Bhimasena Power Indonesia (BPI), the owner of the Batang power plant project, which is targeted to start commercial operation in 2020. BPI Director President Mohammad Effendi said recently that the project is on track to meet the completion target.
Other shareholders of BPI are Itochu (32 percent), and Electric Power Development Co., Ltd. (34 percent),
The consortium officially started in June of last year construction of the estimated US$4.2 billion project after signing loan agreement with a number of international lenders. It has signed a 25-years Power Purchase Agreement (PPA) with state owned electricity firm PT Perusahaan Listrik Negara (PLN).
Editing by Reiner Simanjuntak