Indonesian power projects one step closer
UK-based Andalas Energy and Power has commenced the next steps in advancing
its plans to develop a portfolio of wellhead independent power projects
(IPPs) targeting 250-500MW of installed capacity fired with gas from proven
fields.
According to CEO David Whitby, the firm is pioneering the concept of rolling
out wellhead IPPs using established technologies to help tackle Indonesia's
energy crisis at the local level.
"In our view, the recent regulatory changes demonstrate that the government
recognizes that these projects can make a significant contribution towards
achieving its 35,000MW target of new capacity and delivering affordable
power to the people of Indonesia," he said.
Whitby added that being a first mover has the potential to generate
significant rewards for shareholders as the group looks to rapidly build an
initial portfolio targeting 500MW of installed capacity.
He said the new regulations and Decree are the first time wellhead IPPs have
been recognized as a distinct class of project and given special
consideration outside the usual planning and approval cycle.
"The Decree prioritizing wellhead IPPs opens the door for Andalas and our
partner Pertamina to identify and propose further projects for approval by
the Minister, capitalizing on the progress made on our recently announced
project pipeline," he concluded.
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Link to Original Article:
http://www.aogdigital.com/component/k2/item/6503-indonesian-power-projects-o
ne-step-closer
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John Diecker
APT Consulting Group Co., Ltd.
www.aptthailand.com
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