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Kamis, 27 Oktober 2016



PLN Cooperates with HSBC to Examine PLTU Mulut Tambang Sumsel 9 and Sumsel 10

JAKARTA – To succeed the process of IPP (Independent Power Producer) project procurement PLTU Sumsel (South Sumatera) 9 and Sumsel 10, PT. PLN (Persero) cooperates with HSBC related to transaction advisor in legal, technical, economic, and financial aspect preparation. The Memorandum of Cooperation for transaction advisor PLTU Mulut Tambang Sumsel 9 and Sumsel 10 were signed by the President Director of PLN, Nur Pamudji together with the Head of Global Banking and Securities Services HSBC Indonesia Rajeev Babel, Tuesday (24/7) in PLN Central Office, Jakarta.

According to him, the cooperation is the initial step to start the construction project of PLTU Sumsel 9 and Sumsel 10 for US$ 3 billion. “The project uses public private partnership (PPP) scheme. Previously, PLN has succeeded in the development of PLTU by using PPP scheme in Central Java PLTU 2 x 1000 MW. PLTU Sumsel 9 and Sumsel 10 are more complicated than Central Java PLTU, which coal is supplied from various sources,” said Nur Pamudji.

Nur hoped that PLN and HSBC cooperation will be immediately performed to hasten the construction of the PLTU, faster than Central Java project if possible. In this matter, HSBC will give consultation to PLN including the needed studies and procurement preparation to assist PLN in performing and making sure the fair and transparent tender process, and also to assist preparing a marketable and bankable project that will interest the participation of private sectors, so the project development will be more efficient.

In the examination of this PLTU Sumsel 9 and Sumsel 10 project, HSBC takes Aurecon as technical consultant and PT SMG as coal mining consultant. 

The 18 months-designed cooperation is important to do, remembering that IPP PLTU Sumsel 9 and Sumsel 10 project is a quite complex project and so crucial. Moreover, the project is offered by using PPP scheme, so many sides will be involved in the process of project procurement such as Bappenas (National Development Planning Agency), BKPM (Indonesia Investment Coordinating Board), PII (Indonesia Infrastructure Guarantee Fund), and BKF (Fiscal Policy Agency). The project associates with other big projects such as the construction of High Voltage Direct Current (HVDC) transmission of Java-Sumatera. (AK)