Total investment for power sector will be more
http://www.thejakartapost.com/news/2009/10/21/power-sector-10b-needed-new-power-plants-pln.html
STATE power firm PT Perusahaan Listrik Negara (PLN) and independent private power producers (IPPs) will need about US$10 billion for power plant construction in the second phase of the 10,000 megawatt (MW) power program.
Aside from funds to construct power plants, funds will also be needed for other areas of work, PLN president director Fahmi Mochtar said Tuesday, which would mean that total associated investment would have to be much higher than $10 billion.
“The $10 billion is for the power plants only. The total investment [needed] will be more than that as we also need financing for transmission,” said Fahmi.
The program, the second 10,000 MW program set up by PLN, is expected to be planned and implemented between 2010 to 2014.
During a presentation in August, PLN said that the projects under the program were expected to generate a total of 10,580 MW .
Of this capacity, 5,685 MW will be located in Java and the remaining 4,895 MW will be outside Java.
“The company will manage 60 percent of the project and IPPs will manage the remaining 40 percent,” said Fahmi.
Under the second 10,000 MW program, 83 power plants will be tendered, including 65 outside Java.
The government launched the first 10,000 MW power project in 2006, in a bid to anticipate increasing demand of electricity which grows by 7 percent annually.
The first 10,000 MW program was expected to help compensate for the widening electricity
deficit due to the absence of investment after the 1997-1998 economic crisis.
The first phase of the first 10,000 MW project was started in 2006 with more than 30 new power plants planned in total.
The first 10,000 MW program initially required a total of Rp 19.2 trillion and $4.8 million.
PLN has so far secured 90.7 percent of the needed finance in dollar-denominated loans and 98.2 percent in rupiah-denominated loans.
While the first electricity program is based entirely on coal-fired plants, the second program will generate 12 percent of its power from hydro plants, 48 percent from geothermal plants, and 14 percent from gas plants, and the remaining 26 percent from coal fired plants.
PLN has been the sole distributor of electricity in the country. The recently passed electricity law now allows local government and private firms to generate, distribute and retail power in the regions and rural areas not yet reached by PLN.(*)
http://www.thejakartapost.com/news/2009/10/21/power-sector-10b-needed-new-power-plants-pln.html
STATE power firm PT Perusahaan Listrik Negara (PLN) and independent private power producers (IPPs) will need about US$10 billion for power plant construction in the second phase of the 10,000 megawatt (MW) power program.
Aside from funds to construct power plants, funds will also be needed for other areas of work, PLN president director Fahmi Mochtar said Tuesday, which would mean that total associated investment would have to be much higher than $10 billion.
“The $10 billion is for the power plants only. The total investment [needed] will be more than that as we also need financing for transmission,” said Fahmi.
The program, the second 10,000 MW program set up by PLN, is expected to be planned and implemented between 2010 to 2014.
During a presentation in August, PLN said that the projects under the program were expected to generate a total of 10,580 MW .
Of this capacity, 5,685 MW will be located in Java and the remaining 4,895 MW will be outside Java.
“The company will manage 60 percent of the project and IPPs will manage the remaining 40 percent,” said Fahmi.
Under the second 10,000 MW program, 83 power plants will be tendered, including 65 outside Java.
The government launched the first 10,000 MW power project in 2006, in a bid to anticipate increasing demand of electricity which grows by 7 percent annually.
The first 10,000 MW program was expected to help compensate for the widening electricity
deficit due to the absence of investment after the 1997-1998 economic crisis.
The first phase of the first 10,000 MW project was started in 2006 with more than 30 new power plants planned in total.
The first 10,000 MW program initially required a total of Rp 19.2 trillion and $4.8 million.
PLN has so far secured 90.7 percent of the needed finance in dollar-denominated loans and 98.2 percent in rupiah-denominated loans.
While the first electricity program is based entirely on coal-fired plants, the second program will generate 12 percent of its power from hydro plants, 48 percent from geothermal plants, and 14 percent from gas plants, and the remaining 26 percent from coal fired plants.
PLN has been the sole distributor of electricity in the country. The recently passed electricity law now allows local government and private firms to generate, distribute and retail power in the regions and rural areas not yet reached by PLN.(*)
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