Three consortia have submitted proposals for the Java 5 coal power plant in Indonesia
ahead of the 2 November deadline, InfraAsia can reveal.
The project involves the design, build,
financing, operation and maintenance of two 1,000MW power generation units in
the western part of the Java island.
Sources said the final bidders are:
Indika Energy
China Oceanwide and CNCEC could not be
reached for comment. The rest of the companies did not respond to a request for
comment.
Indonesian state utility PLN and its adviser EY will first evaluate technical proposals. Financial bids will be opened on 16 November. Sources estimated the project to cost in the range of USD 3-4bn.
Six groups were shortlisted in March to build and operate the IPP. Sources at two potential bidders cited the short
preparation time given as one of the reasons for not participating - firms had 30 days from the release of the final version of the RFP, instead of the usual four month process.
The other three qualified consortia that did not bid are:
The project was not an open tender – PLN invited around 14 companies to bid for the project. Unlike Java 7, this IPP
features a government guarantee but land acquisition is the responsibility of the developer.
Under the guarantee the government will agree to ensure that PLN meets its key payment obligations under the power purchase agreement. PLN will buy power from the Java 5 plant for 25 years.
