State electricity firm PT PLN has picked the Jpower-Itochu-Adaro consortium’s bid to develop a power plant in Central Java, Indonesia worth about Rp30trn ($3.48bn).
PLN president director Dahlan Iskan said that the consortium won the bid because it was the only one of the four bidders offering a price lower than that estimated by the bid committee.
Marubeni Corporation, China Shenhua Energy Company Ltd and the CNTIC-Guandong Yudean consortium also submitted bids to develop the 2x 1000 MW coal power plant in Pemalang, Central Java, in late April.
A press statement from PLN says the project was the first public-private partnership complying with a 2010 presidential regulation on such partnerships. It will be jointly guaranteed by the government and government-sponsored infrastructure financing guarantee agency, PT Penjaminan Infrastruktur Indonesia (PII), the statement says.
The Pemalang power plant is expected to commence operations in 2017. The winning consortium includes Japan-based Electric Power Development (J-Power), local coal mining company Adaro Energy and the Japan-based Itochu Corporation.