PROJECT OVERVIEW
The 1st LNG to Power Project in Asia
- Jawa1 Combined Cycle Gas Turbine ("CCGT") Power Plant Independent Power Producer Project was tendered by PT PLN (Persero) and awarded to a consortium of PT Pertamina (Persero), Marubeni Corporation, and Sojitz Corporation on October 19, 2016.
- The consortium incorporated an IPP project company, PT Jawa Satu Power (“JSP”), which entered into Power Purchase Agreement with PT PLN (Persero) on January 31, 2017.
- The consortium, Mitsui O.S.K Lines and other local shipping company incorporated FSRU Project company, PT Jawa Satu Regas ("JSR"), which entered into FSRU Service Agreement with JSP on 17 October 2018.
- The project involves designing, financing, constructing, owning, and operating of a combined cycle gas turbine power plant facility with a design capacity of 1760MW, its associated gas facilities (mooring, off/onshore gas pipeline, and onshore receiving facility) and a floating storage and regasification unit (FSRU).
PROJECT COMPANY
Combining Gas Infrastructure and Power Generation to Serve Clean Energy for the Country
PT Jawa Satu Power
IPP Project Company - 1,760 MW CCGT Power Plant
PT Jawa Satu Regas
FSRU Project Company - FSRU with 170,000 m3 Storage Capacity
SPONSORS
Best collaboration of Indonesian and Japanese Companies
PT Pertamina (Persero)
Indonesia
PT Pertamina (Persero) is an Indonesian state-owned company carrying out various energy business. It plays a critical role in the country’s energy sector as the only integrated oil and gas company in the country and is active in the upstream oil and gas business across Indonesia and abroad. Pertamina also has extensive experience as LNG supplier and exporter for nearly 40 years.
Marubeni Corporation
Japan
Marubeni Corporation is one of the largest Sogo Shosha (General Trading Companies) in Japan and a leading IPP business player in power generation asset scale with net overseas generation capacity of more than 12,000 MW. Marubeni has been an active player in the Asian power sector as a developer, owner, operator, and contractor and acted as a lead sponsor in the development and ongoing operation of the 660MW Cirebon Electric Power IPP in Indonesia.
Sojitz Corporation
Japan
Sojitz Corporation is one of the largest Sogo Shosha (General Trading Companies) in Japan. It has invested into several gas-fired IPP projects in the Middle East and Asia and also has investments in large-scale LNG projects including Tangguh LNG projects in Indonesia through its affiliate company.
Mitsui O.S.K. Lines
Japan
Mitsui O.S.K. Lines, Ltd. (“MOL”) is one of the largest shipping company in Japan and a leading business player in global LNG transportation business including Floating Regasification and Storage Unit (FSRU), as well as tankers, bulk carriers, car carriers, containerships, Crouse ships, coastal lines, and logistics. MOL started LNG transportation business in Indonesia from the 1970s.
CONTACT
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