Jawa-1 Liquefied Natural Gas-to-Power Project (ADB-51112-001)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Cilamaya, Karawang, West Java
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PT. Jawa Satu Power
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 250.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Aug 2, 2018


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Project Description

According to the project document, the project entails the construction, operation, and maintenance of a 1,760-megawatt (MW) load-following, combined-cycle, gas turbine (CCGT) power plant, and associated facilities. 

The liquefied natural gas -the to-power (LNG-to-power) project is located about 100 kilometers (km) east of Jakarta on the Javanese coastline. The project will be developed and implemented by an independent power producer, Jawa Power Satu, under a 25-year power purchase agreement (PPA) with the Indonesian utility company PLN (Perusahaan Listrik Negara, Bahasa word for "State Electricity Company").

 

Investment Description
  • Asian Development Bank (ADB)

Ordinary capital resources US$ 250.00 million (Proposed)

Private Actors
According to company's announcement, the PT Jawa Satu Power, which is a joint venture company from PT Pertamina (Persero), Marubeni Corporation, and Sojitz Corporation, appoints an EPC consortium of General Electric (GE), Samsung C & T (Samsung) and PT Meindo Elang Indah (Meindo) as EPC contractors (EPC: Engineering, Procurement, and Construction) for the Jawa Satu Combined Cycle Power Plant with a contract value of around US $ 1,000 million. 

 

 

 

The Jawa Satu Power will construct and own the gas-fired power plant (PTLGU) with the largest combined cycle technology in Indonesia and highest efficiency all over the world. Our PLTGU is expected to operate for 25 years from mid-2021 and is able to produce electricity supply to around 1,760 MW into the national electricity network, or equivalent to the supply of 11 million houses in Indonesia.
Contact Information

Project Sponsor(s)

Marubeni Corporation
PT Pertamina (Persero)
Sojitz Corporation

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main