Consortium wins C. Java power plant bid

State electricity firm PT PLN has picked the Jpower-Itochu-Adaro consortium’s bid to develop a power plant in Central Java worth

about Rp 30 trillion (US$3.48 billion).

PLN president director Dahlan Iskan said in Jakarta on Wednesday that the consortium won the bid because it was the only one of

the four bidders offering a price lower than that estimated by the bid committee.

Marubeni Corporation, China Shenhua Energy Company Ltd and the CNTIC-Guandong Yudean consortium also submitted bids to

develop the 2x1,000 megawatt power plant in Pemalang, Central Java, in late April.

A press statement from PLN says the project was the first public-private partnership complying with a 2010 presidential regulation on

such partnerships.

It will be jointly guaranteed by the government and government-sponsored infrastructure financing guarantee agency, PT Penjaminan

Infrastruktur Indonesia (PII), the statement says.

The Pemalang power plant is expected to commence operations in 2017.

The winning consortium includes Japan-based Electric Power Development (J-Power), local coal mining company Adaro Energy and the Japan-based Itochu Corporation.

the full sotry is at jakartapost.com.