Abu Dhabi- As many as 11 successful business agreements were signed between Indonesia and the United Arab Emirates (UAE), on President Joko Widodo’s (Jokowi) visit to Abu Dhabi on Sunday (12/1), some of which led to the energy business. A press release from the Ministry of Energy and Mineral Resources said, one of the business agreements to be carried out was the construction of a Floating Solar Power Plant (PLTS) in the Cirata Reservoir, West Java.
“Masdar’s renewable energy company (EBT), based in Abu Dhabi, PEA, will later partner with PT Pembangkit Jawa Bali Investment (PJBi) to build Cirata Floating PLTS at 145 Mega Watt Peak (MWp),” wrote a press release conveyed by the Head Communication, Public Information Service and Cooperation Bureau of the Ministry of Energy and Mineral Resources, Agung Pribadi, Monday (1/13).
According to the Ministry of Energy and Mineral Resources, investment in the plant is estimated to reach Rp1.8 trillion. Cirata Floating PLTS is projected to break the record of the largest solar powered generator in ASEAN after PLTS in the Philippines, Cadiz Solar Powerplant of 132.5 MW.
In addition to developing New Renewable Energy, President Jokowi’s bilateral meeting with the UAE Crown Prince, Sheikh Mohammed Bin Zayed (MBZ), at Qasr Al Watan Palace, Abu Dhabi, Sunday (2/1), also signed business agreements for a number of oil and gas projects such as the development of Refinery Balikpapan RU V Development Master Plan (RDMP) between Pertamina and Mubadala, the potential for crude oil in Balongan between Pertamina and ADNOC, and the supply of Liquefied Petroleum Gas (LPG) between ADNOC and Pertamina.
In the mineral sub-sector, the collaboration was also signed by Emirates Global Aluminum (EGA) with PT Indonesia Asahan Aluminum (Inalum) in the context of increasing the production of alloy ingots and billets. During the trial period, additional production is planned to be around 20 thousand tons, where the normal production capacity currently reaches 250 thousand tons.
Following are the details of business cooperation between PEA-Indonesia in the energy sector:
1. LPG Supply Contract between the Abu Dhabi National Oil Company (ADNOC) and Pertamina with a contract value of USD90-270 million;
2. RIPA (Refinery Investment Principle Agreement) between Mubadala Investment Company and Pertamina to continue the negotiation of ownership of up to 49% shares of PT Balikpapan Pertamina Refinery (KPB) – RDMP RU V with a total potential for cooperation valued at USD1.6 billion;
a. MoU between ADNOC and Pertamina regarding cooperation in the development of the USD 10.1 billion Crude to Petrochemical Project;
b. Signing of a Power Purchase Agreement (PPA) for Cirata Floating PLTS between PT PJB and Masdar, a projected investment value of USD 129 million;
c. An MoU Addendum between Emirates Global Aluminum (EGA) and PT Indonesia Asahan Aluminum (Inalum) in order to accommodate the determination of the cooperation period. The Melting Furnace Capacity Building Project includes the transfer of technology from 250 ktpa (kilo tonnes per annum) to 300 ktpa, Technical Exchange in the field of Reduction Technology and Greenfield Aluminum Smelter project in North Kalimantan with a capacity of 500-1,000 ktpa.