Kendari-3 power station

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Kendari-3 power station is an operating 100-megawatt (MW) coal-fired power plant in Southeast Sulawesi Province, Indonesia.

Location

The satellite photo below shows the location of the plant in Tanjung Tiram, South Konawe, Southeast Sulawesi Province.

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Background

According to a June 2015 report, Kendari-3 power station is a 2 x 50 MW coal plant proposed for Kendari in Southeast Sulawesi province. At that time, the project was in the land acquisition stage. The estimated cost is US$200 million. Construction was targeted for 2016, with completion targeted for 2018.

The project had a groundbreaking ceremony in September 2016 and appears to have entered into substantial construction, though the 2017-2026 long-range plan still describes it as in the "procurement" stage rather than the "construction" stage. Projected commercial operating date (COD) was listed as 2019. As of September 2017, construction was 56% complete. In July 2018, PT Dian Swastatika Sentosa announced that construction was 90% complete. In April 2019, Dian Swastatika announced that the plant was preparing to begin commercial operations. The plant was reportedly completed in October 2019.

Financing

In September 2016, a financing agreement for the project was closed. A US$150 million loan was provided by China Development Bank, and US$50 million in equity was provided by Sinar Mas Group.

In December 2020, the Hong Kong-based company Datang Overseas Energy Investment Co., Ltd., acquired a 75% ownership stake in Dian Swastatika Sentosa Tbk, for a purchase price of US$394 million.

Project Details

• Sponsor: Dian Swastatika Sentosa Power Kendari
• Parent company: Datang Overseas Energy Investment Co., Ltd. (75%); Sinar Mas Group (25%)
• Location: Tanjung Tiram, South Konawe, Southeast Sulawesi, Indonesia
• Coordinates: -4.0512916,122.6534484 (exact)
• Status: Operating
• Gross Capacity: 2 x 50 MW
• Type: Subcritical
• In service: 2019
• Coal Type:
• Coal Source:
• Source of financing: US$150 million in debt from China Development Bank; US$50 million in equity from Sinar Mas Group

Articles and resources

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