PT PLN and Pertamina to build 1,760 MW gas-fired power plant in Indonesia

Indonesia’s state power utility PT PLN (Persero) and state-owned oil and natural gas corporation Pertamina have announced a deal to build a 1,760 MW gas-fired power plant, and a floating storage and regasification unit in West Java, Indonesia. According to the power purchase agreement, PLN will buy electricity from the plant for 25 years. The project is scheduled for commissioning in 2021. Pertamina holds a 40 per cent stake in JawaSatu Power, the joint venture that will develop the project, while Japanese trading houses Marubeni and Sojitz own 40 per cent and 20 per cent respectively.

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