Tabalong power station

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Tabalong power station, also known as Kalsel or Kalsel (FTP2), is an operating 200-megawatt (MW) coal-fired power plant in South Kalimantan Province, Indonesia.

Location

The map below shows where the plant is being built in Tabalong Regency, South Kalimantan Province.

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Background on Project

In October 2014, PT Tanjung Power Indonesia signed a power purchase agreement with PLN for the construction of a two-unit, 200-MW coal-fired power plant in South Kalimantan Province. Tanjung Power, the project's developer, is a joint venture between Adaro Indonesia and Korea East-West Power (a subsidiary of Korea Electric Power Corporation, or KEPCO). The plant would be located near Adaro's Tabalong coal concession, and would cost $450-550 million. The project is part of Phase II of Indonesia's Fast Track Program, and would be built under a Build, Own, Operate, & Transfer (BOOT) agreement with PLN. Financing is scheduled to be finalized by late 2015, and the plant is scheduled for completion in 2019.[1][2][3]

In January 2017 it was reported that construction of the plant was 30% complete.[4] In August 2017 a building on the construction site collapsed and injured 7 workers.[5] Construction is expected to be complete in Q3 of 2018.[6] In September 2018 it was reported that construction of the plant was 85% complete.[7] In June 2019 Adaro announced that the plant would be commissioned in the second half of 2019.[8] Unit 1 was commissioned in September 2019 and Unit 2 was commissioned in December 2019.[9]

Financing

In October 2015, Adaro Energy secured financing for the proposed plant.[10] The project reached financial closure after it secured US$540 million in loans from Korea Development Bank, MUFG Bank, DBS Bank, Mizuho Financial Group, Sumitomo Mitsui Banking Corporation, and HSBC. The financial advisor for the project is DBS Bank.[11]

Project Details

  • Sponsor: PT Tanjung Power Indonesia
  • Parent company: Adaro Indonesia (65%) and Korea Electric Power Corporation (KEPCO) (35%)
  • Location: Near Tabalong coal concession, Tabalong Regency, South Kalimantan Province, Indonesia
  • Coordinates: -2.16342691,115.44081377 (exact)
  • Status: Operating
  • Gross capacity: 200 MW (Units 1 & 2: 100 MW)
  • Type: Subcritical
  • Projected in service: 2019
  • Coal type: Lignite
  • Coal source:
  • Source of financing: US$540 million in debt from Korea Development Bank, MUFG Bank, DBS Bank, Mizuho Financial Group, Sumitomo Mitsui Banking Corporation, and HSBC[11]

Articles and resources

References

  1. PLTU 2 x 100 MW Kabupaten Tabalong Kalsel Akan Dibangun, Bisnis Energi, 17 Oct. 2014.
  2. Adaro Bangun PLTU 2×100 MW di Tabalong US$ 550 Juta, Energi Today, 28 Nov. 2014.
  3. "PLN Tandatangani Kesepatakan Dengan Dua Pengembang Swasta," October 15, 2014
  4. Pembangunan PLTU Tabalong 2x100 MW di Kalsel Capai 30%, Detik Finance, Jan. 24, 2017
  5. Bangunan PLTU di Kalimantan Selatan Ambruk, 7 Orang Terluka Kumparan, Aug. 21, 2017
  6. [http://www.jsbmarketresearch.com/construction/tpi-kalsel-coal-fired-power-plant-200-mw-south-kalimantan-project-profile TPI – Kalsel Coal-Fired Power Plant 200 MW – South Kalimantan - Project Profile ], JBS Market Research, Mar. 26, 2018
  7. Adaro Energy (ADRO) pastikan proyek PLTU bakal rampung tepat waktu, Kontan, Sep. 23, 2018
  8. Adaro Pastikan PLTU Tanjung Beroperasi Tah, Katadata, Jun. 28, 2019
  9. Adaro Power Making Progress Downstream, Adaro, accessed November 2020
  10. "Adaro Secures $540m Loan for S. Kalimantan Power Project," Jakarta Globe, October 09, 2015
  11. 11.0 11.1 "Preview of KalSel Coal-Fired Power Plant (200MW) IPP | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-09-17.

Related GEM.wiki articles

External resources