Engineering & Industry News

Eni signs agreement for KKR to increase stake in Enilive Overall, the investment will give KKR a 30% stake in Enilive’s share capital Eni and KKR, a leading global investment firm, have signed an agreement under which KKR will increase its stake in Enilive through an additional purchase of Enilive’s shares from Eni. The purchase will correspond to 5% of Enilive’s share capital and will be funded through an additional investment of €587.5 million. Overall, the investment will give KKR a 30% stake in Enilive’s share capital, optimizing Eni’s capital structure, while maintaining Eni’s control and consolidation of Enilive. The transaction is in line with the agreement signed between KKR and Eni last October for KKR’s acquisition of a 25% stake in Enilive’s share capital, which is expected to close by next month, and it is based on the same post-money valuation of €11.75 billion of Equity Value for 100% of Enilive’s share capital. KKR’s further investment, backed by leading internationa...

Indonesia’s PLN opens first-ever green hydrogen plant The plant is capable of producing 51 million tonnes of hydrogen per year. State-owned energy company PT Perusahaan Listrik Negara (PLN) launched the first green hydrogen plant (GHP) of Indonesia. Located in Pluit, Jakarta, over the Muara Karang Steam Gas Power Plant (PLTGU) area, the hydrogen plant is 100% sourced from new and renewable energy (EBT) and could produce 51 million tonnes of hydrogen per year. Green hydrogen is seen as one of Indonesia’s major initiatives for energy transition to adapt as a major source of energy for transportation and achieve net-zero emissions by 2060. ALSO READ:  Masdar, PLN NP to triple Indonesia’s Cirata floating solar PV capacity PLN President Darmawan Prasodjo said the GHP serves to respond to the challenges in transitioning. “The government is committed to developing this green hydrogen plant and continues to carry out more comprehensive studies and policy formulation to encourage green hydr...

Pertamina unveils guidelines for sustainable financing This backs the company’s target of 32% emissions reduction. Indonesia's  Pertamina  has released its first Sustainable Finance Framework that lays out guidelines for its issuance of financing instruments. “This strategic move to establish the Framework aligns with its financial endeavours with broader commitment to create long-term value and sustainability for stakeholders while making positive impact,”  said Pertamina Director of Finance Emma Sri Martini. This move also reaffirms Pertamina’s commitment to realising its target of 32% emission reduction from Business as Usual (BAU) scenario by 2030 and fully supporting Indonesia’s efforts to achieve net zero emissions by 2060, she added. Under the framework, Pertamina and its units will be able to issue green or transition financing instruments to finance and/or refinance eligible green or transition projects in nine categories: renewable energy, green hydrogen, transm...

Indonesia’s Pertamina invests in PH’s Citicore for $115m This is equivalent to a 20% interest. A unit of state-owned PT Pertamina Power Indonesia has marked its first investment in the Philippines with an agreement with the Citicore Renewable Energy Corporation (CREC) to subscribe to a 20% interest in the latter for $115m. In a statement, CREC said Pertamina New & Renewable Energy’s (Pertamina NRE) investment is equivalent to 2,232,143,036 common shares at $0.051 apiece (PHP3 per share). Proceeds from the agreement will support CREC’s pipeline of renewable energy projects nationwide in line with its goal of contributing approximately 1 gigawatt of green energy capacity per year as part of its 5 GW in 5 years roadmap. AlphaPrimus served as the financial adviser to CREC for this transaction. Indonesia’s Pertamina invests in PH’s Citicore for $115m

INDRAMAYU THERMAL POWER PLANT Investment Value: IDR 29.5 Trillion Funding Scheme: State Budget with foreign loans Location: Indramayu, West Java Project Manager: PT PLN Construction Commencement Plan: 2022 Operation Commencement Plan: 2026 Project Status: Preparation Stage Project Description Construction of a 1,000 MW steam-powered power plant that will generate electricity for the needs of Java and Bali. Project Significance The construction of this PLTU aims to support the provision of an electricity system and reduce the electricity crisis in the Java and Bali regions. In addition, this project is also useful for creating economic growth and creating a positive impact on the community by supporting the growth of industrial areas in East Jakarta and West Java. Project Development Status PREPARATION STAGE January 20, 2020 by ahmadhidayat Getting to Know the Indramayu PLTU, a Power Plant on the East Side of West Java Indramayu, January 19, 2020 – The In...

  Investment Value: IDR 30 Trillion Funding Scheme: BUMN Assignment Location: Kuala Tanjung, North Sumatra Project Responsible: Ministry of Transportation Planned Construction Commencement: 2015 Planned Operation Commencement: 2018 Project Status: Partially Operating Project Description Development of the port in Kuala Tanjung into an international hub port as an entry point to the western region of Indonesia. Based on the results of a study conducted by the Ministry of Transportation in 2015, the development of the port will increase the volume of container traffic to 12.4 million TEUs by 2039. This increase in container traffic volume comes from demand from the Sei Mangkei Special Economic Zone (KEK) to Jambi Province and it is assumed that the port will receive additional demand from four competitor ports, namely the Port of Singapore, Port of Tanjung Pelepas, Port Klang and Penang Port. Project Significance With an international hub, it is hoped that Indon...

  LAMPUNG DRINKING WATER SUPPLY SYSTEM Project Name: Lampung Drinking Water Supply System (SPAM) Total Investment: IDR 1.061 Trillion State Budget-Regional Budget Source: IDR 509 Billion Private Sector Source: IDR 402 Billion State-Owned Enterprise/Regional Sector Source: IDR 150 Billion Source Not Yet Determined: – Funding Scheme: KPBU Location: Bandar Lampung Project Responsible Party: Bandar Lampung City PDAM Construction Start Plan: January 2018 Operation Start Plan: December 2020   Project Description Lampung Regional SPAM is a drinking water supply project planned by Bandar Lampung City PDAM, with an output of 500 Liters/Second Project Development Status: Completed December 2020 Lampung Drinking Water Supply System (SPAM) is a system that provides clean water for the people of Lampung Province. Lampung SPAM was built with a Government Cooperation with Business Entities (KPBU) scheme. The Lampung SPAM which was inaugurated on August 26, 202...

Project Name: Karian Dam Total Investment: IDR 1.264 Trillion State Budget-Regional Budget Source: IDR 1.264 Trillion Private Source: – Undetermined Source: – Funding Scheme: State Budget Location: Lebak, Banten Project Responsible: Ministry of PUPR Planned Construction Start: 2015 Planned Operation Start: 2022 Latest Status: Construction 83% Project Description Karian Dam is a dam located in Banten province, in Lebak district/city. This dam is planned to have a capacity of 314.7M³, expected to irrigate 21,454 Ha of land, provide a raw water supply of 9.10 M³/second, and generate electricity of 0.65 MW.   Karian Dam is one of 65 dams built by the PUPR Ministry in the 2015-2019 period to realize Nawacita, especially to realize food sovereignty and water security. "The dam located in Lebak Regency is targeted to be completed in 2019 and the result of cooperation with the South Korean government has begun construction since the end of 2015 and currently ...

  Project Name: Jatiluhur Regional Drinking Water Supply System (SPAM) Total Investment: IDR 16.375 Trillion State Budget-Regional Budget Source: – Private Source: IDR 16.375 Trillion Undetermined Source: – Funding Scheme: KPBU Location: DKI Jakarta and West Java Project Responsible Party: Perum Jasa Tirta II Construction Commencement Plan: – Operation Commencement Plan: 2024 Latest Status: Transaction Stage Project Description SPAM Regional Jatiluhur is a drinking water supply project planned by Perum Jasa Tirtra, with an output of 5000 Liters/Second   SPAM Regional Jatiluhur I Officially Operates and Serves 1.9 Million DKI Residents SPAM JATILUHUR - 2024-12-19 04:47:21 The Directorate General of Human Settlements has completed the construction of Jatiluhur Regional Drinking Water Supply System (SPAM). On Wednesday (18/12/2024) the Jatiluhur Regional SPAM was ready to operate and will be distributed to 380,000 House Connections (SR), and has ...

National Capital Integrated Coastal Development (NCICD) Investment Value: IDR 5.677 Trillion Funding Scheme: State Budget, Regional Budget, State-Owned Enterprises, Regional-Owned Enterprises and Private Sector Location: DKI Jakarta, West Java, Banten Project Responsible Party: DKI Jakarta Provincial Government Planned Construction Commencement: 2015 Planned Operation Commencement: 2024 PROJECT DESCRIPTION The National Capital Integrated Coastal Development (NCICD) involves the construction of a giant seawall in the northern part of Jakarta Bay as a way to protect the capital from flooding. Large lagoons will be created within the seawall to accommodate the flow of 13 rivers in Jakarta (water reservoirs that act as giant reservoirs). The three phases of this mega project are: Phase A: Phase A focuses on improving existing coastal protection. Strengthening and developing existing coastal embankments along 30 kilometers, and building 17 artificial islands in Jakarta B...

CENTRAL JAVA POWER PLANT (CJPP) / PLTU BATANG Investment Value: IDR 56.7 Trillion Funding Scheme: KPBU (with IPP PT Bhimasena Power Indonesia) Location: Batang, Central Java Project Manager: PT PLN Planned Construction Commencement: 2016 Planned Operation Commencement: 2022 Project Status: Construction Stage   Project Description PLTU Batang or Central Java Power Plant (CJPP) is a 2 x 1,000 MW ultra critical steam power plant project in Batang Regency, Central Java. PLTU Batang will be built by the Special Purpose Vehicle (SPV) PT Bhimasena Power Indonesia whose members are J-POWER (34%), Adaro (34%), and Itochu (32%). This project has received guarantees from PT Penjaminan Infrastruktur Indonesia (PII) and the Central Government for political and force majeure risks. Project Significance PLTU Batang or Central Java Power Plant (CJPP) is intended to meet the electricity needs in Java Island and is part of the 35,000 MW electricity supply program. As one of t...