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Endless Pressures on Celukan Bawang Power Project
If you travel along the shore of northwest of Bali, you will easily find the Celukan Bawang coal-fired power project. Groundbreaking of the US$1 billion project, developed by PT General Energy Bali (GEB), was conducted four years ago, but its progress has been very slow due to various issues. What's up? ,Last Updated ( Wed, 19 Jun 2013)
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| Sorik Marapi Geothermal Revisited
The 240MW Sorik Marapi Geothermal Project is one of the crown jewels of Mandailing Natal Regency in North Sumatera. Discovered in 1980s, the project was awarded to a consortium of Tata Power, Origin Energy, and Supraco Indonesia in 2010. Three years later, unfortunately, exploration activity has yet to commence. (Sun, 02 Jun 2013)
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| When Geothermal is Losing Steam (1)
The government has high ambition to develop the geothermal business – expecting more than 9,000MW to be developed in the next 15 years. However, only few investors participated in the ongoing Geothermal Power Asia 2013 Congress in Jakarta thought the same way. Why? (Wed, 22 May 2013)
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| • Junior Power Players | Electricity | Power generation is an interesting business, given anticipated higher electricity demand in the country, not only because of higher purchasing power, but growing demand from processing industries in areas outside Java. Other than major power generation projects, let's talk about junior players in the industry like Inti Solusi Prima, Novanto Centre, Binatek Reka Energi, or Raya Group. | |
| • PLN Performance & Operational Issues | Electricity | State electricity company PT Perusahaan Listrik Negara (PLN) booked net profit of Rp3.2 trillion last year, dropped 41% from 2011. It is true that price control prevented PLN from posting huge profits like Perusahaan Gas Negara (PGAS). But, there are operational issues deserved serious attention if we really want to see better performance of this company. | |
| • Sumber Segara Primadaya | Electricity | PT Sumber Segara Primadaya (SSP) is one of power producers in the country, operating 2x300 MW coal-fired power plants in Cilacap, Central Java. Its partner is PT Pembangkit Listrik Jawa Bali (PJB), subsidiary of state-owned PT Perusahaan Listrik Negara (PLN). | |
| • Medco Power's Expansions | Electricity | PT Medco Power Indonesia, a joint venture between Medco Energi (MEDC) and Saratoga Investama, has signed a memorandum of understanding with Mperial Power Limited (MPL), subsidiary of Malaysia's Melewar Industrial Group Berhad, regarding power plant projects in Thailand. This is a major overseas acquisition of electricity asset by Indonesian company. | |
| • The Break-Up of Adaro-Trinergy Partnership | Electricity | Partnership between Adaro Energy (ADRO) and Trinergy, a company controlled by Herman Affif Kusumo, in the development of Baturaden geothermal in Central Java province ended up with conflicts. Adaro Power, subsidiary of ADRO, is accused of defauting commitments for the partnership. | |
| • Electricity Projects Update | Electricity | Plans from various companies to build mineral smelters to meet mandatory domestic processing by 2014 would boost domestic demand for electricity. That's why some investors are gearing up for expansions, including the newly operated Cirebon coal-fired power plant of Indika Group-Marubeni-Samtan. | |
| • Geothermal: More Attractive Tariff, But... | Electricity | Minister of energy and mineral resources Jero Wacik has finally signed regulation No, 22/2012 about new benchmark tariff for power generated by geothermal power plants. The new tariffs are substantially higher at the range of US$10-18.5 cents per kWh. | |
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