Bakrie Power takes over PLTU Tanjung Jati A.
BAKRIE POWER TAKES OVER PLTU TANJUNG JATI A. PT Bakrie Power has
taken over development of the coal-fired power plant PLTU Tanjung Jati
A, in Cirebon. Bakrie Power took over the 1,200 MW power project after
the withdrawal of Tomen Power Corporation from Japan and International
Power Plc from Britain. PT Bakrie Power president Ali Herman Ibrahim
said originally the project was to be built by a consortium called
Tanjung Jati Power Company that grouped Bakrie Power Tomen Power
Corporation and International Power Plc and PT Maharani Paramitra. The
two foreign partners withdrew after the consortium as an independent
power producer (IPP) failed to strike price agreement with the state
electricity company PLN which is to buy the power output. PT Maharani
Paramitra, which is owned by Siti Hediati, a daughter of former
president Suharto, and Bakrie Power each, had a share of 20% with Tomen
and International each having a 30% stake. Construction of the power
plant has been delayed for a year over difficulty in land procurement.
Tanjung Jati A was originally to be built in Jepara, Central Java, but
at last it was moved to Cirebon, where land is already available.