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.
Energy Finance & Investment News in Indonesia
Indonesian state-owned utility company PT PLN Persero (PLN) has secured financing for the construction of the 45 MW Kumbih 3 hydropower project. Kreditanstalt für Wiederaufbau (KfW) bank is to provide a US$99.9 million loan.
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.
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.
Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the Palmerah Tidal Bridge project in Indonesia.
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.
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.
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
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.
Korea Midland Power Co. (KOMIPO) has signed a joint development agreement (JDA) for the development of the Sipborpa Hydropower Project in Jakarta.
The Asian Development Bank signed a new US$109 million financing package for the Muara Laboh geothermal power generation project in western Indonesia.
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).
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.
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.
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.
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.
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.
The World Bank Group has launched two tender process to seek technical and legal consultants for a waste-to-energy plant in Tangerang (Indonesia).
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.
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.