Thailand’s Board of Investment has approved incentives for the massive Gulf IPP. Gulf is now in full preparation mode, perking up the quiet power sector, almost four years since the 2013 win. By Minerva Lau.
The request for proposals (RFP) for the financing of the estimated US$2.18bn Pengerang integrated deep-water terminal of Dialog Group, Vopak and Petroliam Nasional (Petronas) is expected to be issued by the end of April.
The Indonesian government is preparing to appoint state construction firm Hutama Karya as the operator of a toll road to Tanjung Priok, North Jakarta.
Indonesia’s Medco Power and Thailand’s Ratchaburi Electricity have signed the 20-year power purchase agreement (PPA) with Perusahaan Listrik Negara (PLN) for the natural gas-fired combined cycle power plant in the Riau province on Sumatra Island.
Keppel Infrastructure Holdings has been selected by the Singapore Economic Development Board (EDB) to develop, own and operate a state-of-the-art gasification facility on Jurong Island.
Changes have been made to the structure of the North-South Railway Project (NSRP). From being a totally PPP project, it will now be funded largely by soft loans from China and Japan.
Solar Philippines Calatagan Corporation (SPCC) has raised a 12-year Ps3.4bn (US$96m) loan facility for the development of a solar farm in Calatagan, Batangas.
MMC Port Holding, Sime Darby Property and Adani Ports and Special Economic Zone Ltd (APSEZ), have signed a memorandum of understanding for a feasibility study on developing an integrated maritime city on Carey Island, Selangor.
UPC Renewables and partner AC Energy Holdings of the Ayalag Group in the Philippines have recently achieved financial closing on the development and financing of the US$150m Sidrap wind farm project in Indonesia.
Developers of Cirebon Energy Prasarana (CEP), namely Marubeni Corp (35%), Indika Energy (25%), Samtan Co (20%), Korea Midland Power Co (10%) and Jera (10%), signed on April 18 the debt facility for the 1,000MW expansion of Cirebon power plant.
State-owned electricity firm PLN is planning to hold a tender for renewable energy power plants in May to meet the government’s goal of having renewable sources supply 23% of the national energy mix.
PLN has issued its latest power procurement business plan for 2017–2026, which was recently approved by the Ministry of Energy & Mineral Resources (MEMR).