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PLN & CBM Development
PT Perusahaan Listrik Negara (PLN) has reportedly engaged with ExxonMobil and Sugico MOK Energy in the development of coal-bed-methane (CBM) potentials in South Kalimantan. The state-owned electricity provider expects 200 MW of CBM-based power generation within five years. ,Last Updated ( Sun, 15 Aug 2010)
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| US Comeback in Electricity Financing
During Soeharto years, US, Japan, and European financial institutions dominated financing of electricity projects in Indonesia. They disappeared from the first 10,000 MW project launched by SBY-Kalla administration as Chinese institutions "controlled" the project. How about the second 10,000 MW project? (Thu, 24 Jun 2010)
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| Bakrie Power (Geothermal)
Panax Geothermal Ltd, ASX-listed company, announced this morning that it has entered into a memorandum of understanding with PT Bakrie Power regarding joint exploration and development of geothermal resources and reserves across the archipelago. (Wed, 02 Jun 2010)
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| More Articles |
| • Urumuka Hydropower: How likely? | Electricity | Urumuka River in Timika, Papua has the ability to generate up to 2,000 MW of power. The river is 125 Km away from Grasberg gold and copper mine operated by PT Freeport Indonesia. State-owned electricity provider PT Perusahaan Listrik Negara (PLN) wants to develop the hydropower plant in stages. How likely? | |
| • PLN posts Rp10 trillion profit, but... | Electricity | State electricity monopolists PT Perusahaan Listrik Negara (PLN) posted net profit of Rp10.35 trillion last year, flipped from net loss of Rp12.3 trillion in 2008 despite lower sales revenue of 11.6%. State subsidies declined 31.6% to Rp53.72 trillion, but it contributed to 37% of PLN's revenue last year. | |
| • JBIC & Electricity projects financing | Electricity | Japan Bank for International Cooperation (JBIC), the Export Import Bank of Korea, and other financial institutions have signed US$595 million loan agreement with PT Cirebon Electric Power on Monday, March 8. JBIC would likely regain its dominant position in the country's electricity financing. | |
| • Geothermal Fever | Electricity | PT Pertamina Geothermal Energy, a subsidiary of Pertamina, has signed the heads of agreement with PT Perusahaan Listrik Negara (PLN) for steam supply from Ulubelu geothermal project. Japan Bank for International Cooperation (JBIC) finances the project. | |
| • ELECTRICITY JOURNAL | Electricity | State-owned electricity company PT Perusahaan Listrik Negara (PLN) is on fire with ambitious plans and aggressive maneuvers. The most recent is the company's challenge to buy gas at US$9/MMBTU. But that's also an expression of frustration with domestic gas supply. | |
| • The Second 10,000 MW Program | Electricity | Government has finally named projects to be included in the second 10,000 MW program. There are 94 power plants to be built under the program, consisted of 43 geothermal, 44 coal-fired, three combined-cycle, and several hydropower. In contrast to the first 10,000 MW, project size in the second program is fairly smaller. Implications? | |
| • Quvat enters power business | Electricity | Quvat Capital PartnersLtd, investment fund based in Singapore, has expressed its interest to acquire a small coal-fired power plant in East Kalimantan. A team will be deployed to kick off the due diligence for the asset. | |
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