Page 12 - AsiaElec Week 50

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NEWS IN BRIEF
AsiaElec
WIND
AIIB to fund Central Asia’s
largestwindpowerplantin
Kazakhstan
Kazakhstan’s Zhanatas wind power plant, the largest of its kind in Central Asia, will get loans of $46.7mn from the Asian Infrastructure Investment Bank (AIIB).
The 100MW egawatt wind power plant, located in south Kazakhstan’s Zhambyl Region, is the first project funded by the AIIB in Kazakhstan.
Upon completion, it will deliver electricity of approximately 319GWh per year, according to a statement by Zhanatas Wind-Power Station Limited Liability Partnership, adding that the project is expected to meet the electricity demand of about 1mn households, effectively alleviating power supply pressures in southern Kazakhstan.
The plant, whose total cost is estimated
at $136.2mn, is operated by China Power International Holding Limited, a subsidiary of State Power Investment Corporation.
According to an AIIB project summary, the AIIB will provide the wind farm with $46.7mn of loans, and the rest is to be
funded by the sponsors and other financial institutions. The last disbursement of loans for construction should be granted no later than August 2020.
Construction of the wind farm began in July 2019 and is expected to be put into operation next year.
GEOTHERMAL
Indonesia’s 85MW Muara
Labohgeothermalplant
opens
PT Supreme Energy has started commercial operation of the 85MW Phase 1 Muara Laboh geothermal power plant in West Sumatra.
The project is a joint venture of PT Supreme Energy, Engie and Sumitomo.
As reported this morning from Indonesia, PT Supreme Energy Muara Laboh has officially started commercial operation of
the 85MW Phase-1 Geothermal Power Plant (PLTP) Muara Laboh, located in Solok Selatan Regency, West Sumatra Province.
The power plant has a capacity of 85MW. The electricity generated will be distributed to the Sumatra electricity network owned by PT PLN (Persero) which can be distributed to approximately 340,000 households.
PT Supreme Energy’s Founder & Chairman Supramu said that the operation of the Muara Laboh PLTP Phase-1 and Phase-2 development plan is a commitment from the company and partners towards geothermal development in Indonesia. This is also the company’s support for the Government
of Indonesia in achieving its energy mix target by 2025. “We greatly appreciate the strong and continuous support from the government, PLN, and the people of South Solok in particular, during exploration and development activities,” Supramu said based in written statements
Supreme Energy began a preliminary study in the Muara Laboh PLTP development
project in 2008. Then, the Power Purchase Agreement (PPA) was signed in 2012, and continued with exploration activities. The total investment for this phase-1 development reaches $580mn. On the other hand, Supreme Energy is also in talks with PLN and the Ministry of Energy and Mineral Resources (ESDM) for the development of the Phase 2 Muara Laboh with a capacity of 65MW.
The development requires an investment of $400mn and will start immediately after the PPA negotiations are completed.
In addition to Muara Laboh, Supreme Energy has been developing the Rantau Dedap geothermal power project with a capacity of 90MW in South Sumatra. The project is scheduled for completion by the end of next year with an investment of around $700mn. The company is also preparing an exploration program for the Gunung Rajabasa Geothermal Work Area, located in the South Lampung Regency. Exploration activities will begin immediately after the negotiation of the extension of the PPA with PLN is completed.
The project has been developed by Supreme Energy Muara Laboh (SEML). SEML is owned by PT Supreme Energy of Indonesia, ENGIE of France and Sumitomo Corporation of Japan. For ENGIE, the project is their first high temperature geothermal power generation plant in the world.
“ENGIE’s championing of the Muara Laboh geothermal project is in line with our Group’s ambition to accelerate the world’s zero-carbon transition and install 9 GW of renewable energy capacity globally by 2021,” said Paul Magquire, President and CEO of ENGIE Asia-Pacific.
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Week 50 18•December•2019