Sumitomo Corp., together with The Kansai Electric Power Co., Inc., has satisfied the required conditions precedent for the project financing of the Tanjung Jati B coal-fired power plant Units 5 and 6 expansion project in Indonesia and commenced construction work on the Project on 31 March 2017.
The project has been developed together with PT United Tractor Tbk (UT), an affiliate company of the largest Indonesian conglomerate Astra Group. This BOT (Build, Operate and Transfer) project with a total project cost of approximately 500 billion yen will add two new units of a hig- efficiency ultra-supercritical coal-fired power plant (generation capacity of 2000 MW) in an area adjacent to the existing Tanjung Jati B coal-fired power plant (Units 1-4, total generation capacity of 2640 MW) located in Central Jawa, Indonesia.
It will supply electricity over a period of 25 years to Indonesian power utility company PT PLN (Persero), following the completion of plant construction.
Main equipment, such as turbine and boiler, will be supplied by Japanese manufacturers, and the plant is scheduled to achieve commercial operation in 2021.