Banten Serang power station

Baten Serang power station is a 670 megawatt (MW) coal-fired power station under construction by PT Lestari Banten Energi (LBE) in Salira village, Pulau Ampel (Pulo Ampel), Serang, Banten Province, Indonesia.

Location
The aerial photo below shows the location of Puau Ampel (Pulo Ampel), where the plant will be built in Salira village. Pulau Ampel is in Serang, Banten Province, on the northwestern end of Java, approximately 60 km west of Jakarta.

Background on Plant
The project was carried out through a public tender process using the BOOT scheme (Build, Own, Operate and Transfer). Under the BOOT system, the plant will become an asset of the state electricity company, PT PLN, after its 25-year contract expires. The power purchase agreement (PPA) was signed in early July 2012. The project was scheduled to reach its financing date within 12 months of the signing of the PPA. Financial closure for US$730 million was reached on December 6, 2013. The lenders are Malayan Banking Berhad, EXIM Bank of Malaysia, CIMB Bank, Citibank, and RHB Bank, iwth Shearman & Sterling's Project Development & Finance Group advising the lenders. The project is the first independent power project (IPP) in Indonesia financed in the international debt markets without the provision of any government support. Engineering, procurement, and construction (EPC) is being carried out under contract by an unspecified Chinese company.

Timeline

 * July 2012: Power Purchase Agreement signed
 * December 6, 2013: Financial closure

Project Details

 * Sponsor: PT Lestari Baten Energi (LBE)
 * Parent company: Genting Power Holdings Limited
 * Location: Salira village, Pulau Ampel (Pulo Ampel), Serang, Banten Province, Indonesia
 * Coordinates: -5.9011733, 106.0772654 (exact)
 * Status: Construction
 * Gross Capacity: 670 MW
 * Type: Supercritical
 * Projected in service: 2017
 * Coal Type:
 * Coal Source:
 * Source of financing: $730 million from Malayan Banking Berhad, EXIM Bank of Malaysia, CIMB Bank, Citibank, and RHB Bank

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