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Bhimasena named to build Central Java plant
JAKARTA: The Bhimasena Power Indonesia consortium has officially been appointed the builder of the much-awaited 2x1,000 megawatt coal-fired power plant in Central Java, marked by the signing of a public-private partnership (PPP) agreement on Thursday
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AKARTA: The Bhimasena Power Indonesia consortium has officially been appointed the builder of the much-awaited 2x1,000 megawatt coal-fired power plant in Central Java, marked by the signing of a public-private partnership (PPP) agreement on Thursday.
The coal-fired plant will be the nation’s first showcase PPP project with an investment of more than Rp 30 trillion. The Bhimasena consortium, consisting of Japanese firms J-Power and Itochu as well as Indonesian coal miner Adaro, which won the project’s tender earlier this year, will supply the power to state electricity firm PT PLN.
National Development Planning Minister Armida Alisjahbana said the project would increase Java’s electricity supply significantly. “This project accounts for 10 percent of Java’s existing capacity, so it’s huge.”
The project is scheduled for commercial operation by the end of 2016. State infrastructure guarantee fund PII has agreed to provide financial guarantees to the investors, covering financial risks if PLN fails to meet its financial obligations.
