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ADB finances largest combined-cycle power plant in Indonesia

Christian Fernsby |
The Asian Development Bank (ADB) announced the first drawdown of funds under a private sector financing package totaling more than $305 million invested in Jawa-1, Indonesia’s largest combined-cycle gas turbine (CCGT) power plant.

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The project comprises a 1,760-megawatt CCGT power plant and ancillary infrastructure in Cilamaya, Karawang, West Java.

ADB’s financing package includes a direct loan of $185 million, and a parallel loan of $120 million provided by the Leading Asia’s Private Infrastructure Fund (LEAP), which is administered by ADB.

Jawa-1 will be one of the first and largest projects in Indonesia using LNG, demonstrating the Government of Indonesia’s commitment to reduce dependency on coal and diesel fuel in favor of cleaner domestic energy sources such as natural gas.

The CCGT power plant will supply energy to PT. Perusahaan Listrik Negara (PLN), Indonesia's national power utility.

The project is expected to help Indonesia avoid 1.77 million tons of carbon dioxide emissions.

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