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Hungary energizes Indonesia’s power plant projects
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Gas issue: An operator monitors the loading process of LNG tankers into the MT Aquarius tanker berthing at the Donggi Senoro refinery in Uno village, Batu Banggai, Central Sulawesi. The facility is set to strengthen gas supply to power plants in the western part of Java. (JP/Ricky Yudhistira)
M
ultiple gas-powered mobile power plant projects run by state-owned electricity company PLN would help boost exports from Hungary to Indonesia, as most turbines for the facilities will be manufactured in the Central European country, a Hungarian lender said.
Hungarian Export Import Bank Plc. (HEXIM) CEO Zoltán Urbán said a General Electric (GE) factory in the Hungarian city of Veresegyház would supply 15 of 20 turbines used in the new projects, which could generate 500 megawatts (MW) of electricity in total.
The mobile power plants are located in Lampung (4x25 MW), Pontianak (4x25 MW) in West Kalimantan, Bangka (2x25 MW) in Bangka Belitung, Riau (3x25 MW), Belitung (25 MW) in Bangka Belitung, Ampenan (2x25 MW) in West Nusa Tenggara, Paya Pasir (3x25 MW) in North Sumatra and Nias (25 MW) in North Sumatra .
Earlier this month, HEXIM along with Canadian lender Export Development Canada (EDC) agreed to finance the projects, worth a total of $435 million, in a 12-year syndication loan scheme to PLN.
"GE in Hungary cooperating with more than 600 Hungarian suppliers is a strategic partner of the Hungarian Government. This deal proves that Hungary takes an important role in the global value chain of the energy sector," Urbán said in a statement on Tuesday.
He added that the financing was HEXIM's biggest ever participation in a joint financing.
According to Trade Ministry data, as of September, Hungary's exports to Indonesia reached US$45.88 million, increased by 26.78 percent compared to the same period in 2015. Meanwhile Indonesia's exports to Hungary reached $46.24 million, up by 1.62 percent compared to the same period in 2015. (hwa)
