Marubeni enters into MOU for development of Cirebon 3 Coal Fired Power Plant Project in Indonesia
Marubeni Coporation has entered into a memorandum of understanding (MoU) with Korea Midland Power (KOMIPO), Samtan, and PT. Indika Energi Internasional to jointly develop the 1,000 MW Cirebon 3 Coal Fired Power Plant in the area adjacent to the Cirebon 1 & 2 Coal Fired Power Plants in West Java Province, Indonesia.
In October 2015, Cirebon Energi Prasarana (CEPR), at special purpose company created to develop the project, entered into a long-term power purchase agreement (PPA) with the Indonesian state-owned electricity utility, Perusahaan Listrik Negara (PLN) for the sale of electricity for 25 years.
CEPR will develop and construct a coal fired power plant with a generating capacity of 1,000 MW. Commercial operation is scheduled in 2020. Thereafter the electricity generated by the project will be supplied to PLN based on the PPA.
The Government of Indonesia has set a target to provide an additional 35GW of power capacity by 2019. As a result, there is a high expectation for overseas IPP developers to supply power to meet an increasing demand under the growing economy.
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April 27, 2016
Tata Power’s subsidiary signs agreement for sale of its 50% stake in Indonesian geothermal project
Tata Power International Pte. Limited, a Singapore Company & wholly owned subsidiary of Tata Power signed an agreement with KS Orka Renewables Pte. Ltd. for the sale of its 50% stake in OTP Geothermal Pte. Ltd. Read more -
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Atlantic Resources signs MOU for Indonesian tidal power project
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Tata Power’s subsidiary signs agreement for sale of its 50% stake in Indonesian geothermal project
Tata Power International (TPIPL), a Singapore company & wholly owned subsidiary of Tata Power has signed an agreement with KS Orka Renewables for the sale of its 50% stake in OTP Geothermal (OTP). Read more -
April 12, 2016
Bidders line-up for Chevron geothermal assets
French power and gas group Engie and Japan's Marubeni have plans to bid for the Chevron Corp's Asian geothermal energy blocks located in Indonesia and Philippines. Read more -
April 04, 2016
Ratchaburi Electricity and Medco Power to bid for Indonesian power project
Ratchaburi Electricity Generating Holding, a value-oriented integrated energy company in Asia-Pacific, alongside the Indonesian firm Medco Power, a subsidiary of Medco Energi Internasional, are planning to build a US$350 million gas-fired power plant in Indonesia. Read more
