Indonesia's PLN signs agreement to develop commercial tidal power plant

PLN SBS Tidal Stream Signing

State-owned utility PT Perusahaan Listrik Negara (PLN) and British marine and hydrokinetic developer SBS Intl. Ltd. have signed a memorandum of understanding to develop an ocean energy project in Indonesia.

The tidal stream plant, which SBS said would be Indonesia's first commercial-scale project, would be built in phases beginning with an initial 12 MW plot and scaling up to 140 MW at a total cost of US$350 million.

"PLN is very pleased to collaborate with SBS on this new and renewable energy development project which will contribute toward the fulfillment of additional power requirements, especially on remote islands," PLN president director Sofyan Basir said.

The partnership makes SBS the first United Kingdom-based tidal stream developer to have received support from the British embassy in Jakarta, with the collaboration with PLN hoped to expedite the development of a commercial-scale operation.

"This remarkable, reliable and renewable energy will not only help to reduce the volume of expensive fossil fuels imported into Indonesia, but will also raise the level of Indonesia's energy security," SBS group chairman and CEO Michael Spencer said.

For more marine and hydrokinetic news, visit here.
 

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now

Whitepapers

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...

Maximizing Operational Excellence

In a recent survey conducted by PennEnergy Research, 70% of surveyed energy industry professional...

Leveraging the Power of Information in the Energy Industry

Information Governance is about more than compliance. It’s about using your information to drive ...

Latest PennEnergy Jobs

PennEnergy Oil & Gas Jobs