Progress of Tabalong power plant project reaches 59%
Friday, June 9 2017 - 02:49 AM WIB
Petromindo|Khalsa
Independent power producer PT Adaro Power said that construction progress of its 2x100 MW coal-fired power plant project in Tabalong Regency, South Kalimantan Province, has now reached 59 percent.
Dharma Djojonegoro, Vice President Director of Adaro Power said that the power plant project is expected to be completed in the first semester of 2019. Last month, Dharma said that construction progress reached 40 percent.
?The progress has been quite fast, we have been quite maximal during this past year. We?re optimistic the project can be completed in the first semester of 2019,? he told Petromindo.com on Thursday.
He said that the boiler has been ordered from Sumitomo, while other equipment such as generators and turbines will come from Siemens.
PT Tanjung Power Indonesia (TPI), which is 65 percent owned by Adaro Indonesia, a subsidiary of IDX-listed coal giant PT Adaro Energy Tbk, and the remaining 35 percent held by PT East-West Power Indonesia, a subsidiary of Korea East-West Power Co Ltd, is developing the estimated US$545 million power plant project. TPI obtained in January of this year lending commitment of $422 million for the project, whose construction process started in June of last year.
Editing by Reiner Simanjuntak