Tanjung Jati A power station

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Tanjung Jati A power station, also known as Jawa-3, is a proposed 1,320-megawatt (MW) coal-fired power station in Central Java Province, Indonesia.

Location

According to a 1999 report, the project will be built adjacent to the Tanjung Jati B power station.[1] However, more recent reports have identified other locations. According to a 2010 report, the project had been moved to Cirebon.[2] An April 2014 map published by PLN shows the project located approximately 50 km southeast of Cirebon.[3]

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Background on Plant

Tanjung Jati A power station was originally proposed in the 1990s, but the project was put on hold. In its first configuration, Bakrie Power owned 20% and Maharani Paramitra, which is controlled by former President Suharto's second eldest daughter, Siti Hediati Herijadi Prabowo, also owned 20%. The remaining 60% of shares were equally held by Britain's National Power and Japan's Tomen Power. The project stalled, however, and Bakrie's partners pulled out.[4]

In April 2011, it was reported that the project was being revived, this time in partnership with Korean rather than Japanese companies. Bakrie began working with Samsung Construction & Trading (a subsidiary of Samsung) in April 2011 to restart the project. The cost of the project would be about $2 billion, of which Bakrie would cover the majority. Bakrie prefers not to work with Japanese partners, since they want the project to use imported components from Japan. Bakrie entered into a memorandum of agreement with Samsung in February 2011.[4]

In January 2015, as part of a proposed debt restructuring, Bakrie again announced that it was renewing its push to build the plant. The company stated that it would be building the plant in the Cirebon area. Bakrie is searching for a new foreign partner. Completion is now scheduled for 2019.[5][6]

In December 2015 power generation and water/sewage treatment group YTL Power said its 80% owned unit, PT Tanjung Jati Power Co., had signed a restated and amended power purchase agreement for construction of the 2 x 660MW coal plant with the republic’s national utility firm PT PLN (Persero). The estimated cost is US$2.7billion (RM11.6bil).[7] According to the 2016-2025 long range plan for PT PLN, the PLTU Jawa-3 project can be allocated to Tanjung Jati A.[8]

In December 2018 Bakrie announced that land acquisition was 99% complete and that construction would begin in Q2 2019.[9]

Financing

In March 2019 the AP reported that YTL Power International, together with financial adviser Evercore, were working on Chinese financing for the project, estimated to cost US$2.7 billion. Malaysian banks CIMB and RHB are working on the debt financing.[10]

Background on Jawa-3

The Jawa-3 project, which is now the same as Tanjung Jati A, according to the 2017 long range plan, was shown on a map contained in PLN's 2013 long-range plan, which shows it located near the Babalam. It comprises two 660 MW units, one targeted for 2019 and the other targeted for 2020. Further details are not provided.[3][11] An August 2015 presentation by PT PLN listed the project for 2021/2022.[12] In February 2019 the government's long-range plan for 2019-2028 listed the project's two units with completion dates of 2024 and 2025.[13]

Project Details

  • Sponsor: PT Bakrie Power, PT Tanjung Jati Power
  • Parent company: YTL Power (80%), Bakrie Group (20%)
  • Location: Cirebon Regency, Central Java Province, Indonesia
  • Coordinates: -6.74, 108.55 (approximate)[3]
  • Status: Permitted
  • Gross Capacity: 1,320 MW (Units 1 & 2: 660 MW)
  • Type:
  • Projected in service: Unit 1: 2024; Unit 2: 2025
  • Coal Type: Subbituminous
  • Coal Source:
  • Source of financing:

Articles and resources

References

  1. "Bakrie offers Tanjung Jati A project to PLN," Jakarta Post, July 28, 1999
  2. "Tanjung Jati A power plant project even less clear," Tender Indonesia, September 16, 2010
  3. 3.0 3.1 3.2 “PLN Long Term Electricity Plan (2013-2023),” presentation by Moch. Sofyan, Head of New & Renewable Division of PT PLN (Persero), 06 March 2014
  4. 4.0 4.1 "Bakrie, Samsung to revive Tanjung Jati," The Insider Story, April 4, 2011
  5. Angga Aliya. Grup Bakrie Garap PLTU Tanjung Jati Senilai Rp 29 Triliun. Detik Finance, 15 Jan. 2015.
  6. Antonia Timmerman. Bakrie Garap Megaproyek Rp 39 Triliun. BeritaSatu, 7 Jan. 2015.
  7. "YTL Power to build RM11.6bil coal-fired plant in Java," The Star, 22 December 2015
  8. “Rencana Usaha Penyediaan Tenaga Listrik, PT PLN (Persero), 2016-2025,” Kementerian Energi Dan Sumber Daya Mineral, June 2016
  9. Bakrie & Brothers Bangun PLTU Tanjung Jati A Tahun Depan, Katadata, Dec. 5, 2018
  10. "YTL Power appoints legal adviser - Project Finance International," AP, March 14, 2019
  11. PLN: 6.000 MW Terlambat Beroperasi di Jawa, Antara News, 13 Aug. 2014.
  12. "Program Pengembangan Pembangkit 35.000 MW dan Kesiapan Infrastruktur Sistem Jawa Bali," presentation by E. Haryadi, PT PLN, 19 August 2015
  13. Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2019-2028, PT PLN Persero, V-43

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