First project in Indonesia for an early retirement program for Coal-Fired Power Plants (CFPPs)

CNBCIndonesia.com wrote about the Asian Development Bank (ADB) revealing that it would soon launch the first project in Indonesia for an early retirement program for coal-fired power plants (CFPPs). This allows countries in Asia, including Indonesia, to utilize capital from ADB for domestic CFPP’s early retirement programs. ADB senior climate advisor Warren Evans said negotiations regarding the Cirebon-1 CFPP project in Indonesia are currently on schedule. He said talks were underway to launch similar projects in the Philippines and Vietnam. Meanwhile, ADB is utilizing private and public capital to refinance investments in coal-fired power plants, so that power purchase agreements can be shortened, and power plants can be closed a decade earlier than planned. As is known, the Cirebon-1 CFPP lethal injection plan will use the Energy Transition Mechanism (ETM) scheme with support from the Asian Development Bank (ADB).

 

Kontan.co.id wrote about the national electricity system will receive additional supply from several new generating projects in the near future. The largest in size is the Java 1 Gas and Steam Power Plant project which has a capacity of 2 x 880 megawatts (MW) with an investment value of US$ 1.8 billion. Apart from that, there is another jumbo generating project, namely the Sumsel 8 Steam Power Plant in Tanjung Lalang, Muara Enim, South Sumatra with a capacity of 2 x 660 MW, with an investment value of US$ 1.68 billion. Another project is the Cirata floating solar power plant with a capacity of 192 megawatt peak (MWp). These three projects are included in the 35,000 MW mega project.