Cirebon 2 1000MW coal power plant

2/12/2016
Project development

$ 2 billion

Announced

2/12/2016


Overview:

  • Cirebon 2 1000MW coal power plant.
  • The project also known as the Cirebon expansion project, will have a capacity of 1000MW and will deploy ultra-supercritical technology.
  • The power plant will be located to the east of the current Cirebon 1 site.
  • The financing has been provided by lenders such as the Japan Bank for International Cooperation and the Export–Import Bank of Korea.
  • This project was guaranteed through a Business Viability Guarantee Letter from the Minister of Finance, and will account for 6% of the Indonesian Government’s stated goal to generate 35000MW of power generation by 2019.

Wai Yee Tsang - Journalist

Jurisdiction:

Indonesia

Deal type:

Project development

Practice area:

Project development

Industry sector:

Energy


Firm:

Party: Marubeni Corporation (Project company)

Party: Cirebon Energi Prasarana (Project company)