Posted on 06 Aug 2015
State-controlled companies Wijaya Karya and Krakatau Steel plan to build a 1,000-megawatt power plant in Banten to support manufacturing development throughout the province.
The cost of the project is estimated at $1.5 billion, according to Wika’s finance director, Aji Firmantoro. He declined to elaborate on the funding or time line for the project.
The companies expect to complete a feasibility study by the end of this year, Aji said.
Krakatau Steel, which owns a 150-hectare industrial estate in Banten’s Cilegon district, has agreed to provide land for the power plant.
Banten is home to several major industrial estates, and is expected to need 5,100 MW of additional power capacity by 2019, according to state utility PLN. The province currently has around 4,400 MW of installed capacity.
