Marubeni enters power purchase agreement for gas-fired power project in Indonesia
Published by David Rowlands,
Editor
LNG Industry,
PT Jawa Satu Power is a special purpose company sponsored by Marubeni, PT Pertamina (Persero) (Pertamina) and Sojitz Corp. PLN, meanwhile, is the Indonesian state-owned electricity utility.
PLN announced that the Marubeni, Pertamina and Sojitz consortium was the winning bidder and that the project is the first of its kind in Indonesia. The three parties will continue to develop the project by: procuring financing; building the power plant, FSRU and associated facilities; and selling electricity to PLN for a 25-year period from its target completion date of 2021.
Read the article online at: https://www.lngindustry.com/lng-shipping/31012017/marubeni-enters-power-purchase-agreement-for-gas-fired-power-project-in-indonesia/
You might also like
IEEFA: Tidal wave of new LNG supply to flood market amid demand uncertainty
Sluggish demand growth for LNG, combined with a record increase in global export capacity through 2028, will likely thrust markets into an extended period of oversupply, according to the latest Global LNG Outlook from the Institute for Energy Economics and Financial Analysis.