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Energy Finance & Investment News in Indonesia

IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

IPPToday #147: Bangladesh and Indonesia sign MoU on US$2 billion 1400 MW gas project

🕔Feb 2, 2018

Indonesia’s state-owned diversified energy company PT Pertamina and Bangladesh Power Development Board (BPDB) have signed a memorandum of understanding (MoU) to develop an integrated gas project, comprising of a combined cycle gas turbine (CCGT) power plant with installed capacity of 1400 MW and a floating, storage and regasification unit (FSRU). The estimated total investment is US$2 billion.

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45 MW Kumbih 3 hydro project achieves financial close

45 MW Kumbih 3 hydro project achieves financial close

🕔Jan 8, 2018

Indonesian state-owned utility company​ PT PLN Persero (PLN) has secured financing for the construction of the 45 MW Kumbih 3 hydropower projectKreditanstalt für Wiederaufbau (KfW) bank is to provide a US$99.9 million loan.

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Masdar to build 200 MW floating solar plant in Indonesia

Masdar to build 200 MW floating solar plant in Indonesia

🕔Nov 30, 2017

Abu Dhabi-based renewable energy company Masdar has signed a project development agreement with PT Pembangkitan Jawa-Bali, a unit of Indonesian state utility Perusahaan Listrik Negara, to build a 200 MW floating solar plant in the West Java province. 

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Indonesian Medco acquires 78% of Saratoga Power

Indonesian Medco acquires 78% of Saratoga Power

🕔Oct 11, 2017

PT Medco Energi Tbk (MEDC) has agreed to acquire 77.68% shares of PT Saratoga Power. PT Saratoga Sentra Business and S Asia III Luxembourg S.A.R.L are the sellers for the acquisition of 784,840 shares in PT Saratoga Power representing 77.68% of all subscribed and paid up capital in PT Saratoga Power.

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Tidal Bridge BV awarded tidal project in Indonesia

Tidal Bridge BV awarded tidal project in Indonesia

🕔May 5, 2017

Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the Palmerah Tidal Bridge project in Indonesia. 

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Medco and Ratchaburi sign Riau gas-fired PPA

Medco and Ratchaburi sign Riau gas-fired PPA

🕔Apr 19, 2017

Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) announced its successful expansion into Indonesia by awarding the natural gas-fired combined-cycle Riau power plant with 275-MW capacity.

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Indonesia’s 2GW coal-fired plant gets US$3.36bn financing

Indonesia’s 2GW coal-fired plant gets US$3.36bn financing

🕔Apr 17, 2017

A consortium of Asian banks will provide US$3.36 billion in loans to support the expansion of the Tanjung Jati B coal-fired power plant project in Indonesia.

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Chevron sells Indonesian Renewable Assets

Chevron sells Indonesian Renewable Assets

🕔Apr 10, 2017

AC Energy Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, and its Indonesian joint venture partners have completed the acquisition of Chevron Corp.’s geothermal assets and operations in Indonesia

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ENGIE signs US$1.25 B of PV and biomass agreements in Indonesia

ENGIE signs US$1.25 B of PV and biomass agreements in Indonesia

🕔Apr 7, 2017

ENGIE Group has signed three partnership agreements in Jakarta to develop, co-finance, build, operate and maintain microgrid and other renewable energy projects in various parts of Indonesia, for a total value of US$1.25 billion over the next five years.

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KOMIPO to develop north Sumatra hydro power project

KOMIPO to develop north Sumatra hydro power project

🕔Mar 23, 2017

Korea Midland Power Co. (KOMIPO) has signed a joint development agreement (JDA) for the development of the Sipborpa Hydropower Project in Jakarta.

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Financing announced for Indonesian geothermal project

Financing announced for Indonesian geothermal project

🕔Feb 6, 2017

The Asian Development Bank signed a new US$109 million financing package for the Muara Laboh geothermal power generation project in western Indonesia.

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Financial close reached for Kalsel Coal-Fired IPP Project in Indonesia

Financial close reached for Kalsel Coal-Fired IPP Project in Indonesia

🕔Feb 2, 2017

PT. Tanjung Power Indonesia (TPI) has secured US$560 million in debt and equity financing for the construction of a 2 x 100-megawatt coal-fired power station in South Kalimantan, the southernmost province on the island of Borneo (Indonesia). 

 

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ADB finances Indonesian geothermal power project

ADB finances Indonesian geothermal power project

🕔Feb 2, 2017

The Asian Development Bank (ADB) has signed a US$109 million project financing package for the 80 MW Muara Laboh geothermal power generation plant located in western Indonesia.

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AC Energy to invest in Indonesian wind farm with UPC Renewables

AC Energy to invest in Indonesian wind farm with UPC Renewables

🕔Jan 16, 2017

Ayala Group's subsidiary AC Energy Holdings Inc. has signed an agreement to develop a 75 MW wind power project in Indonesia, which is worth US$150 million.

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Pertamina, Marubeni, Sojitz team win US$2 billion Java-1 power plant contract

Pertamina, Marubeni, Sojitz team win US$2 billion Java-1 power plant contract

🕔Dec 15, 2016

Pertamina-led consortium has secured first place in the bidding for US$2 billion contract for 1.6 GW power plant Java-1. The plant will be located in West Java, Indonesia.

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Financial close reached for major Indonesia hydropower project

Financial close reached for major Indonesia hydropower project

🕔Nov 22, 2016

Completing another major transaction in the Indonesia energy infrastructure space, Milbank, Tweed, Hadley & McCloy LLP advised the Korea Trade Insurance Corp. and a group of commercial banks in connection with the more than USD$147 million financing of a hydroelectric power project on the Indonesia island of Sumatra.

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Indonesia tenders geothermal projects

Indonesia tenders geothermal projects

🕔Oct 5, 2016

The Ministry of Energy and Mineral Resources of the  Republic of Indonesia, has launched a three tender processes to seek private developers for geothermal projects. 

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World Bank seeks technical and legal consultants for waste-to-energy plant in Indonesia

World Bank seeks technical and legal consultants for waste-to-energy plant in Indonesia

🕔Sep 19, 2016

The World Bank Group has launched two tender process to seek technical and legal consultants for a waste-to-energy plant in Tangerang (Indonesia).

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Indonesia seeks developers for 650 MW power plants

Indonesia seeks developers for 650 MW power plants

🕔Sep 7, 2016

PT PLN (Persero) has announced its intention to select potential project sponsors to develop Independent Power Producer Projects for each of: (2×100 MW) Kalbar-2 Coal Fired Steam Power Plant (CFSPP) and 450 MW Peaker Jawa-Bali 4 Combined Cycle/Gas Engine Power Plant (CCPP/GEPP), with a specific condition for Kalbar-2 CFSPP Project where the winning bidder will partnering with PLN's subsidiary company as the Project Sponsors to establish an SPC and execute the PPA.

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Black & Veatch awarded consultancy role in Cirebon, Indonesia Project

Black & Veatch awarded consultancy role in Cirebon, Indonesia Project

🕔Aug 31, 2016

Black & Veatch will oversee the scheduling, design, quality control of equipment supplied, and construction activity for the 1,000 megawatt (MW) Cirebon 2 Project just east of the City of Cirebon in West Java, Indonesia.

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