Kendari-3 power station

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Kendari-3 power station is an operating power station of at least 100-megawatts (MW) in Kendari, Southeast Sulawesi, Indonesia.

Location

Table 1: Project-level location details

Plant name Location Coordinates (WGS 84)
Kendari-3 power station Kendari, Southeast Sulawesi, Indonesia -4.0512916, 122.6534484 (exact)
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Unit-level coordinates (WGS 84):

  • Unit 1, Unit 2: -4.0512916, 122.6534484

Project Details

Table 2: Unit-level details

Unit name Status Fuel(s) Capacity (MW) Technology Start year Retired year
Unit 1 Operating coal: unknown 50 subcritical 2019 2044 (planned)
Unit 2 Operating coal: unknown 50 subcritical 2019 2044 (planned)

Table 3: Unit-level ownership and operator details

Unit name Owner Parent
Unit 1 Dian Swastatika Sentosa Power Kendari [100%] Datang Overseas Energy Investment Co Ltd [75.0%]; PT Sinar Mas Group [25.0%]
Unit 2 Dian Swastatika Sentosa Power Kendari [100%] Datang Overseas Energy Investment Co Ltd [75.0%]; PT Sinar Mas Group [25.0%]

Ownership Tree

This ownership tree is part of the Global Energy Ownership Tracker, a project of Global Energy Monitor.

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.[1][2]

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.[3][4] As of September 2017, construction was 56% complete.[5] In July 2018, PT Dian Swastatika Sentosa announced that construction was 90% complete.[6] In April 2019, Dian Swastatika announced that the plant was preparing to begin commercial operations.[7] The plant was reportedly completed in October 2019.[8]

As of January 2023, the power station would reportedly operate until 2044.[9]

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.[10][3]

Ownership Change

In December 2020, the Hong Kong-based company Datang Overseas Energy Investment Co., Ltd., acquired a 75% stake in the business entity of PT Dian Swastatika Sentosa Tbk, for a purchase price of US$394 million.[11] PT Dian Swastatika Sentosa (part of Sinar Mas Group) reported in its 2020 annual report that in December 2020, they established a strategic partnership with Datang Overseas (Hong Kong) Energy Investment Co., Limited through the divestment of 75% shares of the project company. This was in line with the increasingly intensive campaigns fort the use of clean energy around the world and to allow the company to realize future expansion plans.[12] PT Dian Swastatika's 2023 report confirmed that they hold 25% in PT Datang DSSP Power Indonesia, which has 600MW of operating capacity (i.e. Sumsel - 5 with 300MW, Kalselteng-1 power station with 200MW and Kendari-3 power station with 100MW).[13]

Articles and Resources

References

  1. Sinar Mas' Energy Holding Pushes Ahead with Coal-Fired Power Plants," Jakarta Globe, accessed September 2015
  2. "Akhir Tahun Ini Dian Swastatika Mulai Operasikan PLTU Sumsel-5," Tambangco.id, 25 June 2015
  3. 3.0 3.1 "Groundbreaking of IPP Kendari-3," DSS Energy, Sep 8, 2016
  4. Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2017-2026, PT PLN Persero, p. D-41
  5. 2 Dian Swastatika power plants will commence operation in 2019, IDN Financials, Nov. 17, 2017
  6. Dian Swastatika targetkan pembangkit listrik Kendari beroperasi awal 2019, Kontan, Jul. 4, 2018
  7. PLTU Kendari-3 Dian Swastatika Sentosa (DSSA) Siap Berikan Komtribusi Pendapatan 3 Persen, Market Bisnis, Apr. 22, 2019
  8. Dian Swastatika (DSSA) kucurkan pinjaman US$ 73 juta ke anak usaha, Kontan, Jan. 3, 2020
  9. Dian Our Operations, Dian Swastatika Sentosa Power, Jan. 30, 2023
  10. "Preview of Kendari-3 Coal-Fired Power Plant (100MW) | Transaction | IJGlobal". ijglobal.com. Retrieved 2020-11-06.
  11. Perusahaan Hong Kong akuisisi aset PLTU Dian Swastatika (DSSA) senilai US$ 394 juta, Kontan, Dec. 29, 2020
  12. "PT Dian Swastatika 2020 Annual Report" (PDF). dssa.co.id/. 2021.{{cite web}}: CS1 maint: url-status (link)
  13. "PT Dian Stastatika 2023 Annual report" (PDF). /dssa.co.id/. 2024.{{cite web}}: CS1 maint: url-status (link)

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.