PLN TO APPOINT SUBSIDIARY TO DEVELOP JAWA-5 PROJECT

[CATEGORY:  ELECTRICITY]

 

State-owned electricity firm PT PLN will appoint one of its subsidiaries PT Indonesia Power, to develop the 2x1,000 MW PLTU Jawa-5 coal-fired power plant project in Serang, Banten.

PLN Procurement Director Supangkat Iwan Santoso as saying that PLN has decided to take over the power plant project, instead of assigning private investor, to quickly complete the project.

PLN recently suspended a tender process of the Jawa-5 power plant project, and later decided to take over the project. A strong candidate to win the project was a consortium led by China Oceanwide with member including PJB and Shanghai Electric Power.

PLN President Director Sofyan Basir said previously that the selection process of tender participant was not based on good governance principle. He added that PJB’s 10 percent stake in the consortium was lower than the 30 percent request made by PLN.

 

All complete data can be seen at www.tender-indonesia.com

(The source of the Indonesia Oil and Gas, Mining, Electricity, Infrastrcuture, Telecommunication tender project and tender award)