Fortum Power and Heat Oy has signed a power purchase agreement (PPA) for a US$360 million waste-to-energy plant in Sunter, near Jakarta.
Fortum and city-owned PT Jakarta Propertindo (Jakpro) have formed a joint venture company to establish Indonesia’s first waste-to-energy power plant. The plant is expected to provide 35 megawatts of power by processing 2,200 tons of garbage daily when it comes online in 2022.
The ground-breaking ceremony and signing of the PPA for the project took place on 16 October 2019.
Hiswara Bunjamin & Tandjung has advised Fortum Fortum Power and Heat Oy for the deal.
Country updates
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September 18, 2019
Doosan Heavy Industries & Construction selected to supply turbine to 110 MW Palu 3 thermal power plant in Indonesia
Perusahaan Listrik Negara (PLN) has awarded the contract to supply circulating fluidized bed (CFB) boilers and turbines for the 110MW Palu 3 coal-fired power plant on Sulawesi island to South Korea&rs...
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July 18, 2019
IFC to finance 35 MW Sunter EfW project in Jakarta
The International Finance Corporation is providing a financing package for the 35 MW Sunter energy-from-waste (EfW) project in Jakarta, Indonesia for up to IDR 3 trillion (US$214.67 million)...
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June 19, 2019
Kansai Electric Power Co. starts the commercial operation of the 46.6 MW Rajamandala hydropower plant in Indonesia
Kansai Electric Power Co. has started the commercial operation of 46.6 MW Rajamandala Hydropower Plant. Under the operating company, PT. Rajamandala Electric Power (REP), the project has officially st...
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May 28, 2019
MedcoEnergi closes its acquisition of Ophir Energy
PT Medco Energi Internasional Tbk announced the completion of the acquisition of Ophir Energy plc2 in a recommended all-cash offer valued at GBP408.4 million (US$517.17 million). Ophir operates acros...
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March 07, 2019
Mitsui, Shikoku Electric invest in 10 MW hydropower project in Indonesia
Japanese utility Shikoku Electric Power Co. and trading house Mitsui & Co. have invested in the 10 MW hydroelectric power project in Indonesia developed by PT Terregra Asia Energy.&...
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