An employee rides his bike past barrels of petroleum products at a state-owned Pertamina fuel depot in Jakarta September 9, 2014. (Reuters Photo/Darren Whiteside)

Pertamina, Marubeni, Sojitz Ink Deal for $1.8b Java Power Plant, Infrastructure


JANUARY 31, 2017

Jakarta. Indonesian state energy company Pertamina said on Tuesday (31/01) it has signed a deal with state power company PLN to develop a $1.8 billion gas-fired power plant and accompanying liquefied natural gas infrastructure in Java.

Pertamina said in a statement it will develop a 1,760 megawatt plant, along with Japanese partners Marubeni Corp and Sojitz, that will sell electricity to PLN. The project would be the largest gas-fired power station in Southeast Asia when built, it said, without disclosing a targeted completion date.

The project will include the Java-1 combined cycle gas turbine power station, to be built in Cimalaya in West Java province, and an integrated floating storage and regasification unit (FSRU).

Pertamina said the deal was for the first power station of its kind to be integrated with an FSRU in one project in Asia.

Close cooperation "will be needed to realize this project on time and on budget", Dwi Soetjipto, Pertamina's chief executive officer said.