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>

<< Nov 2019 >>
MTWTFSS
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

CWC World LNG Summit & Awards Evening

The CWC World LNG Summit & Awards Evening will be returning to Rome in 2019 to celebrate it’s 20th year.

read more >

6th Mozambique Gas Summit & Exhibit

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

read more >

LNG Pricing, Trading & Hedging: 3-Day Training Course – London / Nov 2019

This three-day training program provides a unique opportunity to learn and apply the practical skills, knowledge and tools needed to:…

read more >

FLNG World Congress 2019

2019 FLNG World Congress will bring together stakeholders across the floating liquefaction value…

read more >