Gallant Venture power station
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Gallant Venture power station is a power station in Setokok, Batam, Sumatera, Indonesia with multiple units of varying statuses, none of which are currently operating.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Gallant Venture power station | Setokok, Batam, Sumatera, Indonesia | 0.9575588, 104.0486358 (exact)[1] |
Unit-level coordinates (WGS 84):
- Phase I Unit 1, Phase I Unit 2, Phase I Unit 3, Phase II Unit 1, Phase II Unit 2: 0.9575588, 104.0486358
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Emergency/Backup |
|---|---|---|---|---|---|
| Phase I Unit 1 | Construction | coal: unknown[2] | 350[1] | supercritical[1] | False |
| Phase I Unit 2 | Construction | coal: unknown[2] | 350[1] | supercritical[1] | False |
| Phase I Unit 3 | Construction | coal: unknown[2] | 350[1] | supercritical[1] | False |
| Phase II Unit 1 | Pre-permit | coal: unknown[2] | 600[1] | supercritical[1] | False |
| Phase II Unit 2 | Pre-permit | coal: unknown[2] | 600[1] | supercritical[1] | False |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Phase I Unit 1 | Gallant Venture Ltd [100%][1] | Gallant Venture Ltd [100.0%] |
| Phase I Unit 2 | Gallant Venture Ltd [100%][1] | Gallant Venture Ltd [100.0%] |
| Phase I Unit 3 | Gallant Venture Ltd [100%][1] | Gallant Venture Ltd [100.0%] |
| Phase II Unit 1 | Gallant Venture Ltd [100%][1] | Gallant Venture Ltd [100.0%] |
| Phase II Unit 2 | Gallant Venture Ltd [100%][1] | Gallant Venture Ltd [100.0%] |
Project-level captive use details
- Captive industry: Industrial Park[1]
Project-level coal details
- Coal source(s): domestic
Ownership Tree
This ownership tree is part of the Global Energy Ownership Tracker, a project of Global Energy Monitor.
Background
In June 2025, Gallant Venture, an investment holding of Salim Group, announced a plan to build power facilities on Setokok Island, Indonesia. The project, including coal and solar capacity, would reportedly support industrial activities in Batam and Bintan.[3]
Units would be built in two phases: Phase I would include three 350 MW coal-fired units, and Phase II would include two 600 MW coal-fired units and a 400 MW solar plant. Phase II would also include the construction of an undersea transmission cable connecting several islands. The total project cost was estimated to be between US$2.7 billion to US$3 billion.[3]
Gallant Venture had previously pursued natural gas capacity, but the company's executive director stated that the plans pivoted to the mix of coal and solar due to high gas prices.[4]
Planet imagery indicated that construction of the first coal-fired unit began in the second half of 2025.
As of May 2026, Planet imagery showed that all three Phase I units were under construction.
Financing
In June 2026, Gallant Venture's wholly owned subsidiary PT Batamindo Investment Cakrawala secured up to US$900 million in ring-fenced project financing from Indonesian banks BCA, BTN and BRI for the 3×350 MW coal-fired power plant in Pulau Setokok, Batam. The facility was split into US dollar and rupiah tranches, had an initial eight-year tenor, and was backed by security over project assets and a corporate guarantee from Gallant Venture.[5] PT Batamindo also signed a subscription agreement with Hong Kong-based Broadwood Holding Limited for up to US$683.6 million in subordinated convertible bonds dedicated to the same project.[5] As of June 2026, no Phase II-specific financing arrangements had been identified.
Articles and Resources
References
- ↑ 1.00 1.01 1.02 1.03 1.04 1.05 1.06 1.07 1.08 1.09 1.10 1.11 1.12 1.13 1.14 1.15 1.16 https://sumatra.bisnis.com/read/20250617/534/1885662/investasi-salim-bangun-pltu-di-batam-bakal-pacu-ekspansi-kawasan-industri.
{{cite web}}: Missing or empty|title=(help) - ↑ 2.0 2.1 2.2 2.3 2.4 https://www.gem.wiki/Coal_source_methodology_for_the_Global_Coal_Plant_Tracker.
{{cite web}}: Missing or empty|title=(help) - ↑ 3.0 3.1 Investasi Salim Bangun PLTU di Batam Bakal Pacu Ekspansi Kawasan Industri, Bisnis Sumatra, June 17, 2025
- ↑ Profil Gallant Venture, 'Kendaraan' Salim yang Bangun PLTU 2 GW di Batam, Bisnis, June 13, 2025
- ↑ 5.0 5.1 "Gallant Venture Secures Up to US$1.58 Billion Funding for Batam Coal Power Project". TipRanks. June 2026. Retrieved June 2026.
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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.
