PLN Signs Contract for 640 MW of Renewable Energy

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16/11/2017 15:14 WIB

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Power Purchase Agreement (PPA) for New and Renewable Energy (NRE) between PLN and 9 Private Companies

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PLN Signs Contract for 640 MW of Renewable Energy

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Power Purchase Agreement (PPA) for New and Renewable Energy (NRE) between PLN and 9 Private Companies

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State-owned electricity company Perusahaan Listrik Negara (PLN) signed nine Power Purchase Agreements (PPAs) for Renewable Energy (RE) with nine Independent Power Producers (IPPs) on Thursday, November 16th. The purchase of RE from private companies totals 640.65 Mega Watts (MW) with a contract value reaching Rp 20.4 trillion.

Minister of Energy and Mineral Resources Ignatius Jonan stated that this third PPA signing demonstrates the continued attractiveness of Indonesia's RE investment climate. This is reflected in the total RE power purchase contracts reaching 1,189.22 MW.

The largest portion of the contracted RE comes from the Pos Peaker Hydroelectric Power Plant (PLTA), totaling 515 MW. The investment value for this PLTA reaches Rp 11.12 trillion, with a selling price of US$ 0.084/kWh. The lowest selling price among the nine private power companies is US$ 0.0651/kWh, and the highest is US$ 0.1176/kWh.

"Disclosure: This is an AI-generated translation of the original article. We strive for accuracy, but please note that automated translations may contain errors or slight inconsistencies."

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PLN Signs Contract for 640 MW of Renewable Energy

PLN Signs Contract for 640 MW of Renewable Energy

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PLN Signs Contract for 640 MW of Renewable Energy

PLN Signs Contract for 640 MW of Renewable Energy

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