Banyuasin power station
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Banyuasin power station is a cancelled power station in Banyuasin, South Sumatra, Indonesia. It is also known as 巴亚瓦信电站.
Location
Table 1: Project-level location details
| Plant name | Location | Coordinates (WGS 84) |
|---|---|---|
| Banyuasin power station | Banyuasin, South Sumatra, Indonesia | -3.347874, 103.900474 (approximate) |
The map below shows the approximate location of the power station.
Project Details
Table 2: Unit-level details
| Unit name | Status | Fuel(s) | Capacity (MW) | Technology | Start year |
|---|---|---|---|---|---|
| Unit 1 | cancelled | coal: unknown | 120 | subcritical | 2021 |
| Unit 2 | cancelled | coal: unknown | 120 | subcritical | 2021 |
Table 3: Unit-level ownership and operator details
| Unit name | Owner | Parent |
|---|---|---|
| Unit 1 | PT Truba Alam Manunggal Engineering Tbk [100%] | Oceanwide Holdings Co Ltd [85.0%]; PT Satya Abadi Semesta [10.0%]; China Power International Development Co Ltd [5.0%] |
| Unit 2 | PT Truba Alam Manunggal Engineering Tbk [100%] | Oceanwide Holdings Co Ltd [85.0%]; PT Satya Abadi Semesta [10.0%]; China Power International Development Co Ltd [5.0%] |
Background
Banyuasin power station was originally proposed as a two-unit, 270-MW coal-fired power plant by Truba Manunggal in South Sumatra Province. According to a 2010 report, Truba Alam Manunggal Engineering announced financing of US$175 million for the project. Further details were not available.[1] However, this project does not appear in a 2014 listing of proposed new coal plants in Sumatra.[2]
In the 2015-2024 PLN long-range supply plan, Banyuasin power station in proposed for 2024.[3] In the 2016-2025 and 2017-2026 PLN long-range supply plans, the size of the project is changed to 240 MW and it is moved up to 2020.[4][5] In the 2018-2027 long-range plan the project is listed as 240 MW with a completion date of 2021.[6] In the 2019-2028 long-range plan the project is listed as 2 x 120 MW with a completion date of 2021.[7]
In November 2019 a report by the Institute for Energy Economics and Financial Analysis (IEEFA) noted that while the RUPTL for 2019-2028 lists the project as being under construction "IEEFA has found no other indications of its existence."[8]
In March 2020, Oceanwide Holdings Co., Ltd., the parent company of PT Mabar Elektrindo, had its debt rating downgraded by S&P to CCC-, suggesting that Oceanwide Holdings would not be able to pay its soon-to-mature USD 680 million in debt. The ratings downgrade called into question the completion of the Banyuasin power station; Oceanwide was reportedly seeking to sell a large proportion of its property assets.[9] Oceanwide Holdings defaulted on USD 280 million in offshore bond debt in May 2021.[10]
In October 2021, the plant was shelved under the government's long-range plan for 2021-2030.[11]
In October 2023, with no apparent updates since the project was formally shelved, Banyuasin power station was presumed to be cancelled.
Financing
IEEFA reported that as of December 2016 China Oceanwide Holdings Limited, a part owner of the project, had invested a total of US$25.4 million in the project.[8]
Articles and Resources
References
- ↑ "Thermal Power Market Outlook in Indonesia to 2020 - Capacity, Generation, Regulations, Major Power Plants, Key Companies,” GlobalData, September 30, 2010 (detailed table of contents available on line; full report is by subscription only)
- ↑ “PLN Long Term Electricity Plan (2013-2023),” presentation by Moch. Sofyan, Head of New & Renewable Division of PT PLN (Persero), 06 March 2014, p. 13
- ↑ "Executive Summary: Electricity Supply Business Plan PT PLN (Persero) 2015-2024"
- ↑ “Rencana Usaha Penyediaan Tenaga Listrik, PT PLN (Persero), 2016-2025,” Kementerian Energi Dan Sumber Daya Mineral, June 2016
- ↑ Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2017-2026, PT PLN Persero
- ↑ Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2018-2027, PT PLN Persero, V-39
- ↑ Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2019-2028, PT PLN Persero, V-38
- ↑ 8.0 8.1 The Case for System Transformation in Indonesia, IEEFA, November 2019
- ↑ Faisal Maliki Baskoro, Indirect Impact of Virus Corona , the fate of 2 PLN projects in question Proyek, Berita Satu, Mar. 6, 2020
- ↑ Wang Juanjuan and Denise Jia, Oceanwide Holdings Defaults on $280 Million of Offshore Bonds, Caixin Global, May 27, 2021
- ↑ Rencana Usaha Penyediaan Tenaga Listrik (RUPTL) 2021-2030, PT PLN Persero, p.V-3
Additional data
To access additional data, including an interactive map of coal-fired power stations, a downloadable dataset, and summary data, please visit the Global Coal Plant Tracker on the Global Energy Monitor website.
