ADB funds Indonesia’s largest LNG-fueled power plant

ADB funds Indonesia's largest LNG-fueled power plant
Image courtesy of ADB

The Asian Development Bank (ADB) said the first drawdown of funds has been completed under a $305 million financing deal for the Jawa-1, Indonesia’s largest LNG-fueled combined-cycle gas turbine (CCGT) power plant.

Michael Barrow, director general for ADB’s private sector operations department, said, “this project will support the country’s efforts to strengthen the liquefied natural gas (LNG) supply chain and increase energy security, while helping to reduce power generation costs.”

The project comprises a 1,760-megawatt CCGT power plant and ancillary infrastructure in Cilamaya, Karawang, West Java.

ADB’s financing package includes a direct loan of $185 million, and a parallel loan of $120 million provided by the Leading Asia’s Private Infrastructure Fund (LEAP), which is administered by ADB.

Jawa-1 will be one of the first and largest projects in Indonesia using LNG, as the government continues its push to reduce dependency on coal and diesel fuel.

The CCGT power plant will supply energy to PT. Perusahaan Listrik Negara (PLN), Indonesia’s national power utility.

Liquefied natural gas for the Jawa-1 power plant is likely to be sourced from the BP-operated Tangguh LNG facility, ADB said.

Share this article

Follow LNG World News

Events>

<< Sep 2019 >>
MTWTFSS
26 27 28 29 30 31 1
2 3 4 5 6 7 8
9 10 11 12 13 14 15
16 17 18 19 20 21 22
23 24 25 26 27 28 29
30 1 2 3 4 5 6

6th Mozambique Gas Summit & Exhibit

This year’s edition will have a revamped programme for attendees.

read more >

Offshore Energy Exhibition and Conference 2019

The three-day event includes an exhibition where an expected 600+ supply chain companies will showcase their products and services.

read more >

LNGgc London

LNGgc is a fantastic way of raising attendees’ company profile within this market and creating greater awareness of their brand…

read more >

5th CWC China LNG & Gas International Summit & Exhibition

5th CWC China LNG & Gas International Summit & Exhibition will return 16 – 17 October 2019, bringing together the key players…

read more >