Marubeni, Sojitz ink deal for Indonesia LNG power project

Marubeni, Sojitz ink deal for Indonesia LNG power project
Illustration purposes only (Image courtesy of Excelerate Energy)

Japanese trading houses Marubeni and Sojitz entered into a long-term power purchase deal with the Indonesian state-owned utility PLN for a gas-to-power project that includes the provision of a floating storage and regasification unit.

Pertamina, Marubeni and Sojitz, through a joint company Jawa Satu Power have been awarded a US$1.8 billion contract to build, own and operate a 1,760MW gas-fired power plant and an accompanying FSRU.

Pertamina and Marubeni each hold a 40 percent stake in the joint company while Sojitz owns the remaining 20 percent.

The electricity produced by the project will be sold to PLN for a period of 25 years, according to Marubeni’s statement.

Project partners will proceed with the development of the project by procuring financing, constructing the power plant, FSRU and associated facilities with an expected completion in 2021.

The government of Indonesia has set a target to provide an additional 35GW of power capacity by 2019. As a result, there is a high expectation for overseas IPP developers to supply power to meet an increasing demand under the growing economy.

Share this article

Follow LNG World News


<< Sep 2019 >>
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 >