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Abu Dhabi’s Masdar Obtained a Floating Solar Energy Project at Cirata

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alt="Solar Panel Power Plant"

Arsianews, Jakarta – PT PLN (Persero) will grant special rights to the Abu Dhabi Future Energy Company or Masdar, a United Arab Emirates energy company in the procurement of a floating solar power plant project in Cirata Reservoir, Purwakarta, West Java . By granting such privileges, Masdar has the right to submit a bid again to equalize the offer of another party (right to match).

Deputy Minister of Energy and Mineral Resources (ESDM) Indonesia, Arcandra Tahar revealed, PLN as the parent company of PT Pembangkitan Jawa Bali (PJB) had completed a standard operational procedure (SOP) for the establishment of partners for the construction of power plants. This is covered by a government to government (G2G) agreement between the Government of Indonesia and the UAE.

PT Pembangkitan Jawa-Bali (PJB) has signed the project development agreement with Masdar at the end of 2017. Masdar’s appointment as the PJB partner is part of the G2G agreement between the Government of Indonesia and the United Arab Emirates (UAE) which was signed earlier.

However, the Ministry of Energy and Mineral Resources has issued ESDM Minister Regulation Number 50 of 2017 concerning Utilization of Renewable Energy Sources for Electricity Supply. The regulation stipulates that PLN cannot directly appoint partners to work on the EBT power plant project but hold an auction.

Because there was an agreement to appoint Masdar as a partner, Masdar was then given the opportunity to submit a right-to-match. This means that when holding a procurement auction and getting a winner, PLN will offer back to Masdar whether to submit a right-to-match. If Masdar can offer the same bid as the auction winner, Masdar will be chosen as the winner.

“The PLTS auction will be held as soon as possible in a matter of months,” Arcandra said.

For information, the Cirata Floating PLTS Project is planned to have a capacity of 200 MegaWatt (MW). Based on the initial calculation, the required investment reached US $ 180 million with a calculation of revenues of US $ 23 million per year. If realized, the PLTS will be the largest in the world.

Previously, the first phase of construction with a capacity of 50 MW was targeted to start commercial operations (COD) in the second quarter of 2019. Meanwhile, for stages two to four, COD is planned for the second quarter of 2020 with a capacity of 150 MW.

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