Marubeni to build $2b power plant

Driven by surging electricity demand in Indonesia, Japan’s diversified group Marubeni Corporation plans to construct a coal-fired power plant (PLTU) with an estimated investment of up to US$2 billion.

“Marubeni will construct a 1,000-megawatt [MW] power plant in Cirebon [West Java] near to the location of its existing power plant,” Industry Minister MS Hidayat told reporters after a meeting with the firm’s executives on Thursday at his office, adding the construction work was expected to start by the end of this year.

Marubeni would at first be required to secure a permit from the Energy and Mineral Resources Ministry, he said.

The development of the critical coal-fired power plant would be carried out through its subsidiary, Cirebon Electric Power (CEP), and another Japanese investor, he further said.

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Posted July 20, 2013 by repit in News

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