Banten Serang power station
|This article is part of the CoalSwarm coverage of Indonesia and coal|
Baten Serang power station is a coal-fired power station in Banten Province, Indonesia. It consists of the operating 660-megawatt Unit 1, and is the site of the proposed 660-megawatt Unit 2.
Background on Plant
PT Lestari Baten Energi, a subsidiary of the Malaysian Genting Group, is currently building a single-unit coal-fired power plant with a planned capacity of 670 MW in Banten Province. The plant is scheduled to be completed in 2017. Total cost of the project is expected to be $1 billion.
The project was carried out through a public tender process using the BOOT scheme (Build, Own, Operate and Transfer). Under the BOOT system, the plant will become an asset of the state electricity company, PT PLN, after its 25-year contract expires. The power purchase agreement (PPA) was signed in early July 2012. The project was scheduled to reach its financing date within 12 months of the signing of the PPA.
Financial closure for US$730 million was reached on December 6, 2013. The lenders are Malayan Banking Berhad, EXIM Bank of Malaysia, CIMB Bank, Citibank, and RHB Bank, iwth Shearman & Sterling's Project Development & Finance Group advising the lenders. The project is the first independent power project (IPP) in Indonesia financed in the international debt markets without the provision of any government support. Engineering, procurement, and construction (EPC) is being carried out by Harbin Power Engineering, a subsidiary of Chinese company Harbin Electric, with Swiss company ABB building the plant's automation system.
As of early 2015, ABB stated that the plant would go online in mid-2016, earlier than the original 2017 start date.
The PT PLN Long Range Plan for 2016-2025 lists completion in 2017 and describes the project as 625 MW in size.
According to a January 2017 press report, construction was complete and the plant's commercial operation date (COD) was May 2017. Of the 660 MW of capacity, PLN will buy 600 MW and the remaining 60 MW will be used by Lestari Banten Energy for its own purposes. As of March 2017, operational tests were underway.
According to a June 2017 report, the plant was operating in March 2017.
The Indonesia Electricity Supply Business Plan (RUPTL) for 2018-2027 lists a proposed second Unit for the plant, with a capacity of 660 MW and an in-service date of 2025. The cost of the expansion is an estimated US$1 billion.
- July 2012: Power Purchase Agreement signed
- December 6, 2013: Financial closure
- Sponsor: PT Lestari Baten Energi (LBE)
- Parent company: Genting Group
- Location: Salira Village, Pulo Ampel District, Serang Regency, Banten Province, Indonesia
- Coordinates: -5.8829716, 106.0459286 (exact)
- Status: Unit 1: Operating; Unit 2: Announced
- Gross Capacity: Unit 1: 660 MW; Unit 2: 660 MW
- Type: Supercritical
- Projected in service: Unit 1: 2017; Unit 2: 2025
- Coal Type:
- Coal Source:
- Cost: US$1 billion (US$1,515 per kW)
- Source of financing: $730 million from Malayan Banking Berhad, EXIM Bank of Malaysia, CIMB Bank, Citibank, and RHB Bank
Articles and resources
- PLTU Salira - PT Lestari Banten Energy, Wikimapia, accessed Mar. 2015.
- Cesar Tordesillas. Malaysia's Genting to develop $1B Indonesian coal-fired plant. Asian Power, 12 July 2012.
- "Construction of 1x660 MW Banten Power Plant as Java-Bali Supply System Officially Commenced," Tambang Magazine (undated), accessed December 2013
- "Landmark Banten IPP Project Reaches Financial Close," Shearman & Sterling LLP press release, December 12, 2013
- Helping Java reduce its power shortage, ABB press release, 24 Feb. 2015.
- “Rencana Usaha Penyediaan Tenaga Listrik, PT PLN (Persero), 2016-2025,” Kementerian Energi Dan Sumber Daya Mineral, June 2016
- "PLTU Banten 660 MW Masuk Tahap Uji Coba," detikFinance, 22 May 2017
- Joyce Goh, "Genting plans to build another power plant in Indonesia," The Edge Malaysia, June 20, 2017
- Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2018-2027, PT PLN Persero
- https://www.scotts-international.com/pt-lbl-serang-coal-fired-power-plant-phase-ii-680-mw-banten-project-profile,t250883/40/45 PT LBL - Serang Coal Fired Power Plant Phase II 680 MW - Banten - Project Profile] Timetric, Aug. 31, 2017
- Michael Agustinus, "PLTU Banten 660 MW Resmi Beroperasi Mei 2017," detikFinance, 3 January 2017