JAKARTA (RambuEnergy.com) – Indonesian state electricity company PT Perusahaan Listrik Negara (PLN) has in Paris, France, signed three letters of intent (LoI) to develop wind farm and solar power in Indonesia. The deal was part of the government’s drive to achieve 23% of renewable energy in the country’s energy mix in 2025.
The LoIs were signed on the sideline of One Planet Summit at the head office of UNESCO, Paris, witnessed by the Minister for Energy and Mineral Resources Ignasius Jonan.
The three LoIs that were signed are:
- Wind farm (PLTB) Tanah Laut to be located in South Kalimantan Province with an installed capacity of 70 MW. The wind farm will be developed by a consortium of Pace Energy Pte Ltd and PT Juvisk Tri Swarna. The commercial date is set 24 months after the financial closing, or in 2020 with an investment value of US$153.74 million.
- Solar power (PLTS) Bali I to be located in Kubu Regency in the province of Bali, with planned installed capacity of 50 MWp. The project will be developed by Equis Energy Indonesia and PT Infrastruktur Terbarukan Fortuna. The commercial operation date (COD) is set 20 months after the Financial closing with an investment value of US$91.6million.
- The third LoI is the planned development of solar power plant PLTS Bali 2 in Jembrana Regency, Bali province with a planned installed capacity of 50 MWp. The project will be developed by Aquo Energy Indonesia Ltd, with COD target 20 months after securing financing and with an investment value of US$91.6 million.
On the same occasion, Indonesia also signed a MoU on non-binding and non-exclusive LoI with the International Finance Corporation (IFC), an investment arm of the World Bank. (*)