Banten Serang power station

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Banten Serang power station is an operating power station of at least 660-megawatts (MW) in Salira, Pulo Ampel, Serang, Banten, Indonesia with multiple units, some of which are not currently operating. It is also known as 云顶集团万丹电站.


Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Banten Serang power station Salira, Pulo Ampel, Serang, Banten, Indonesia -5.882972, 106.045929 (exact)

The map below shows the exact location of the power station.

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Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2: -5.882972, 106.045929

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year Retired year
Unit 1 operating coal - unknown 660 supercritical 2017
Unit 2 cancelled coal - unknown 660 supercritical 2025

Table 3: Unit-level ownership and operator details

Unit name Owner
Unit 1 PT Lestari Banten Energi (LBE) [100.0%]
Unit 2 PT Lestari Banten Energi (LBE) [100.0%]


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.[1]

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.[2] 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.[3]

As of early 2015, ABB stated that the plant would go online in mid-2016, earlier than the original 2017 start date.[3]

The PT PLN Long Range Plan for 2016-2025 lists completion in 2017 and describes the project as 625 MW in size.[4]

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.[5]

According to a June 2017 report, the plant was operating in March 2017.[6]

Proposed Expansion

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.[7] The cost of the expansion is an estimated US$1 billion.[8] In October 2021 the proposed expansion was shelved under the government's long-range plan for 2021-2030.[9]

In October 2023, with no apparent updates since the project was shelved, the Banten Serang power station expansion was presumed to be cancelled.


  • Parent company: Genting Group 55%[10], SDIC Power Holdings 40%[11][12], PT Hero Inti Pratama (5%)[13]
  • Cost: US$1 billion (US$1,515 per kW)[14]
  • Source of financing: US$730 million in debt from Citigroup, EXIM Bank of Malaysia, CIMB Bank, Maybank, and RHB Bank; US$268 million in equity from Genting Group and Hero Inti Pratama;[15] US$775 million refinancing via a bond issuance arranged by Citigroup, Barclays, CIMB Group, and Sumitomo Mitsui Banking Corporation[16]

Financial closure for Banten 1 was reached in July 2013. US$730 million in debt was provided by Citigroup, EXIM Bank of Malaysia, CIMB Bank, Maybank, and RHB Bank. US$268 million in equity was provided by Genting Group and Hero Inti Pratama.[15]

On February 4, 2019, a US$775 million bond issuance took place for the refinancing of Banten 1. The banks on the issuance were Citigroup, Barclays, CIMB Group, and Sumitomo Mitsui Banking Corporation. Through an inter-company loan, proceeds from the refinancing were lent to the project company Banten 1 by the issuer LLPL Capital.[13][16]

SDIC and coal financing

In March 2019, China's State Development Investment Corp. (SDIC) announced that it would no longer invest in new coal-fired power plants, but declined to comment on its investments in coal-fired plants already being developed.[17] SDIC's subsidiary Jaderock Investment acquired a 40% stake in Banten Serang power station in May 2016.[11]

Articles and Resources


  1. Cesar Tordesillas. Malaysia's Genting to develop $1B Indonesian coal-fired plant. Asian Power, 12 July 2012.
  2. "Construction of 1x660 MW Banten Power Plant as Java-Bali Supply System Officially Commenced," Tambang Magazine (undated), accessed December 2013
  3. 3.0 3.1 Helping Java reduce its power shortage, ABB press release, 24 Feb. 2015.
  4. “Rencana Usaha Penyediaan Tenaga Listrik, PT PLN (Persero), 2016-2025,” Kementerian Energi Dan Sumber Daya Mineral, June 2016
  5. "PLTU Banten 660 MW Masuk Tahap Uji Coba," detikFinance, 22 May 2017
  6. Joyce Goh, "Genting plans to build another power plant in Indonesia," The Edge Malaysia, June 20, 2017
  7. Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2018-2027, PT PLN Persero
  8. PT LBL - Serang Coal Fired Power Plant Phase II 680 MW - Banten - Project Profile Timetric, Aug. 31, 2017
  9. Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2021-2030, PT PLN Persero, p.V-4
  10. Energy, Genting Energy, accessed July 2020
  11. 11.0 11.1 Third Quarterly Report, Genting Berhad, 30 September 2016
  12. Allen & Overy advises on the refinancing of Banten-1 power plant, Allen & Overy, Feb. 18, 2019
  13. 13.0 13.1 Bond prices for Banten IPP refinancing. IJGlobal, 30 Jan 2019.
  14. Michael Agustinus, "PLTU Banten 660 MW Resmi Beroperasi Mei 2017," detikFinance, 3 January 2017
  15. 15.0 15.1 "Preview of Banten 1 Coal-Fired Power Plant (660MW) IPP | Transaction | IJGlobal". Retrieved 2020-11-03.
  16. 16.0 16.1 "Preview of Banten 1 Supercritical Coal-Fired Power Plant (660MW) Refinancing 2019 | Transaction | IJGlobal". Retrieved 2020-11-03.
  17. China state fund joins global shift away from coal, Business Times, Mar. 22, 2019

Additional data

To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.