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Krakatau Steel to build 40 MW floating solar power station
The state-owned steelmaker is partnering with France's Akuo Energy to develop the plant for internal use.
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A worker inspects solar panels on top of the Energy and Mineral Resources Ministry Electricity Directorate General’s office in Jakarta. (JP/Dhoni Setiawan)
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tate-owned steelmaker Krakatau Steel plans to build a 40 megawatt (MW) floating solar photovoltaic (PV) power station in Banten to power the operations of its water treatment subsidiary, PT Krakatau Tirta Industri (KTI).
KTI signed a US$14 million deal on Monday with energy company Akuo Energy Indonesia, a subsidiary of Paris-based Akuo Energy SAS, to develop the floating station on its water reservoir in Cilegon, Banten.
Krakatau Steel president director Silmy Karim said the power station would have a 16 MW capacity by 2022 that would cut power bills by Rp 7.8 billion ($537,352.92) annually. The capacity would be raised to 40MW by an unspecified date.
“This partnership is the start of our next business development project in renewable energy with Akuo Energy SAS. This will generate added value for the Krakatau Steel Group that is in line with improving the competitiveness of Krakatau Steel and its attention to emissions reduction,” Silmy said on Monday, as quoted in a news release.
Krakatau Steel booked a US$74.1 million profit in the first quarter of 2020 – its first profit in eight years – after taking several cost cutting measures, including slashing energy bills, reducing spare parts costs and laying off employees.
Read also: Krakatau Steel books first profit in eight years
The steel industry is one of the most pollutive industries in the world, contributing 2.3 gigatons of carbon dioxide (Gt CO2) annually, compared to the chemical industry’s 1.2 Gt CO2 and the cement industry’s 0.8 Gt CO2, according to International Energy Agency (IEA) data.
