United Tractor Begins Process of Construction of PLTU Java 4 in Jepara

By : Hariyanto And Aldo Bella Putra | Friday, September 01 2017 - 18:00 IWST

Ilustrasi PLTU
Ilustrasi PLTU

INDUSTRY.co.id - Jepara - PT United Tractors Tbk (UNTR) started the construction of construction phase of PLTU Java 4 with capacity 2x1.000 MW. The company, which owns the core heavy equipment and mining business, marked the beginning of the first step of working on electricity business through this inaugural project.

Through its subsidiary PT Unitra Persada Energia, the company holds a 25% stake in PT Bhumi Jati Power. Besides owned by UNTR, shares of PT Bhumi Jati Power are also controlled by Sumitomo Coorporation Group with 50% shareholding and The Kansai Electric Co Inc Group which holds 25% shares. Hopefully PLTU Java IV will be completed in 2021.

The construction of PLTU Java 4 requires an investment of US $ 4.2 billion derived from the loan from The Japan Bank for International Cooperation (JBIC) and other banking syndications. Later, the company will get recurring income from the operation of the power plant, let alone the company has signed a purchase power agreement (PPA) for 25 years with PLN.

In addition to getting recurring income, UNTR revenue is also certain to skyrocket. Because one third of the coal needs will be supplied by the company, each year, PLTU Java 4 requires at least 7 million tons of coal. By using ultra-critical technology, the plant is claimed to be very efficient and environmentally friendly.

"We have signed agreements with several leading coal suppliers in Indonesia, such as KPC, Kideco, Jembayan and Asmin Bara Baronang and Prima Multi Mineral," said Iwan Hadiantoro, Director of UNTR in Jepara, Thursday (8/31/2017).

According to Iwan, in 2020 or the initial phase of commissioning the company has secured supply. Just so you know, the construction of PLTU Java IV will be completed within 50-56 months ahead. For unit I, it is expected to be completed in May 2021 while for unit II will be completed by September 2021.

Therefore, he said there is no problem of coal supply. "Around 2020 the beginning of our commissioning is already secure supply, so the cooperation will last for the next 25 years," he continued. (tan)

News Comment

Today's Industry

Images By : Freepik

Sabtu, 14 September 2024 - 16:56 WIB

Essential Tips for Choosing Personal Health Insurance in the US

Choosing the right health insurance plan in the United States can be a complex task, especially with the variety of options available and the ever-changing landscape of healthcare policy. Here…

Images By : Freepik

Sabtu, 14 September 2024 - 16:53 WIB

The Top 10 Insurance Companies in the US for 2024

In the ever-evolving landscape of insurance, selecting the right company can significantly impact your financial security and peace of mind.

Images By : Freepik

Jumat, 13 September 2024 - 15:37 WIB

Why Airbnb Become Popular in 2024?

Airbnb fosters a more interactive experience between hosts and guests. Through direct messaging, guests can inquire about specific details, negotiate pricing, or clarify expectations, which…

Flag of the United Nations Organization.

Kamis, 15 Agustus 2024 - 14:26 WIB

Modena Officially Becomes a Member of the UN Global Compact

Commited to transforming towards sustainable business practices, Modena the global home appliance established over 60 years ago in Italy, officially became a member of the UN Globe Compact (UNGC)…

Totolink outlet. (Photo: Public Relation of Totolink)

Kamis, 11 Juli 2024 - 22:08 WIB

Totolink Strengthens Commitment to Innovative and Reliable Network Solutions for Indonesia

Marking a strategic step, Totolink Indonesia proudly announces the enhancement of its head office in Jakarta, located at Harco Mangga Dua Blok E No.28, Sawah Besar, Central Jakarta.