Construction of Jawa-1 Independent Power Plant (IPP) signifies Pertamina`s efforts to support the provision of clean energy.
The project, known as Jawa-1 IPP Project, is integrated with a 170 thousand-cubic meter Floating Storage Regasification Unit (FSRU) that will be built simultaneously along with the power plant, according to a statement from Pertamina received by Antara here, Monday.
The project, considered to be the first LNG-to-Power integrated project in Asia, attained funding approval from an international lender on December 5, 2018. Hence, the construction will begin immediately.
"In this project, Pertamina Power Indonesia acts as the leader of a consortium comprising several Japanese companies, including Marubeni Corporation, Sojitz Corporation, and other firms, by establishing two project companies, specifically, PT Jawa Satu Power (JSP) and PT Jawa Satu Regas (JSR)," President Director of PPI Ginanjar stated.
JSP and JSR will execute this project by building and managing project infrastructure of the power plant and the FSRU.
Electricity generated from the power plant will be sold to the state-owned electricity company (PLN) for 25 years.
The process of building this integrated gas power plant will enter the construction period full-scale in December 2018, to be marked by a groundbreaking on December 19, 2018.
The Jawa-1 project is divided into three stages: Phase I, pre-project up to Financial Close (FC); Phase II, construction; and Phase III, operational. On December 5, 2018, the phase I of the project was completed.
The next challenge is to ensure that the construction phase can be carried out to achieve the target in December 2021 in line with the On Time, On Spec, and On Budget scheme.
Strong coordination of the inter-consortium (JSP-JSR) with the supporting partners and lenders, as well as other stakeholders is the key to the success of the project according to the target.
"We also have to ensure that all involved parties are committed to the quality and HSSE aspects," Ginanjar emphasized.
"In addition to developing the gas power plant, Pertamina Power Indonesia also focuses on new and renewable energy businesses that include solar power plants, biogas, wind power, and development of other future energy sources," Ginanjar added.
Reporting by Afut Syafril Nursyirwan, Libertina W Ambari
Editing by Fardah
Reporter: Antara
Editor: Andi Abdussalam
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