Tabalong power station

From Global Energy Monitor

Tabalong power station, also known as Kalsel or Kalsel (FTP2), is a proposed 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.

Loading map...

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]

Financing

In October 2015 Adaro Energy secured financing for the proposed plant.[9] Adaro Energy and Korea East West Power signed the loan financing in November 2016. Total investment amounts to US$545 million and debt amount is US$409 million, provided by lenders Bank of Tokyo-Mitsubishi (BTMU), DBS Bank, HSBC, Korea Development Bank (KDB), Mizuho Bank and Sumitomo Mitsui Banking Corporation (SMBC).[10]

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: Construction
  • Gross capacity: 200 MW (Units 1 & 2: 100 MW)
  • Type: Subcritical
  • Projected in service: 2020
  • Coal type: Lignite
  • Coal source:
  • Source of financing: Bank of Tokyo-Mitsubishi (BTMU), DBS Bank, HSBC, Korea Development Bank (KDB), Mizuho Bank and Sumitomo Mitsui Banking Corporation

Articles and resources

References

Related SourceWatch articles

External resources