Skip to main content

Marubeni enters power purchase agreement for gas-fired power project in Indonesia

Published by
LNG Industry,


Marubeni Corp. has announced that PT Jawa Satu Power has entered into a long-term power purchase agreement with PT PLN (Persero) for the sale of electricity for a 25-year period in respect of a project to construct, own and operate a 1760 MW gas-fired power plant and floating storage and regasification unit (FSRU) for electricity sales to PLN.

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/regasification/31012017/marubeni-enters-power-purchase-agreement-for-gas-fired-power-project-in-indonesia/

You might also like

 Webinar

[WEBINAR] Insulation advances: Mitigating noise and CUI in your LNG plant

Heightened noise levels are harmful to the well-being and productivity of a plant’s personnel as well as the surrounding environment. With excessive noise presenting so many financial and health and safety risks, LNG plants need reliable, cost-effective noise-reduction solutions. This webinar will outline the most popular acoustic standards in the industry today and distill down to the audience what they need to know in order to best protect their work personnel and profits.

Register for your free space today »

 
 
 

Embed article link: (copy the HTML code below):


 

This article has been tagged under the following:

Natural gas news