YTL Power to build RM11.6bil coal-fired plant in Java

YTL Power International Bhd is embarking on a US$2.7bil (RM11.6bil) 1,320MW coal-fired power plant project in Cirebon, West Java – its second investment in Indonesia.

The power generation and water/sewage treatment group said its 80% owned unit, PT Tanjung Jati Power Co Ltd, had on Monday signed a restated and amended power purchase agreement (PPA) – originally entered into on April 2, 1997 – with the republic’s national utility firm PT PLN (Persero).

The PPA includes the construction of a 2 x 660MW coal-fired power generating facility and the sale of the facility’s energy and capacity to PLN.

The PPA will be for a term of 30 years expiring 2051, on the 30th anniversary of the anticipated commercial operation date of the plant.

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Posted December 23, 2015 by repit in News

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