Participation to Indonesia's High Efficiency Coal-Fired Thermal Power Generation Project
October 23, 2015
Chubu Electric Power Co.,Inc.
Chubu Electric Power will participate in a high efficiency coal-fired thermal power generation project in Indonesia, and concluded an investor's contract under which it will acquire 10% of the equity stake of the project's operating company, PT Cirebon Energi Prasarana (CEPR). CEPR today entered into a long-term power purchase agreement, effective for 25 years, with Indonesia's PLN.
This will be the first time for Chubu Electric Power to take part in an overseas coal-fired thermal power generation project.
This project will construct a coal-fired thermal power plant (power generation capacity: approx. 1,000,000 kW) at Cirebon city, located around 250 km east from Jakarta. By engaging in selling power as well as power station operation and maintenance, the initiative can provide a stable profit over a long term. Coal produced in Indonesia will be employed as the plant's fuel, together with a highly efficient ultra-supercritical coal-fired thermal power generation*.
By sending a number of engineers to the power plant and harnessing our generating efficiency, as well as our reliable operating skills or expertise on coal-fired thermal power generation, the project is expected to serve to both suppressing environmental loads and catering to the active power demand in Indonesia.
Chubu Electric Power will continue to give due considerations to such aspects as market trend, profitability, and risk, while steadily pressing ahead with overseas projects. At the same time, we will achieve a further amplified energy service by incorporating the expertise gained abroad into domestic projects.
*Ultra-supercritical (USC) coal-fired thermal power generation: This is the latest coal-fired thermal power generation system. It uses equipment with enhanced steam pressures/temperatures to rotate power generating turbines, which thereby enables a high generating efficiency and holds down CO2 emission or used fuel amounts.