PT Energi Nusantara Merah Putih (ENMP) has announced plans to develop a $980m, 600 MW combined-cycle gas-fired power plant in Bantaeng Industrial Estate (KIBA), South Sulawesi, Indonesia.
The deal was signed by ENMP jointly with the industrial tenants of the KIBA.
ENMP has partnered with Philippines-based, Atlantic, Gulf and Pacific Company (AG&P), that specializes in bringing liquefied natural gas (LNG) to markets. The latter will build a LNG receiving terminal, which is part of the power plant construction.
The company will construct the modular components of the terminal at its manufacturing facilities in Batangas, South of Manila, Philippines.
AG&P CFO & commercial head Abhilesh Gupta said: “We look forward in short order to LNG being available for the power plant and to industry and consumers throughout Southern Sulawesi and nearby regions. AG&P will work hard to achieve this goal.”
ENMP along with its subsidiaries PT Pasifik Agra Energi and PT Power Merah Putih provide prime energy to the KIBA.
Besides, ENMP and its partners aim to develop Bantaeng as the center of LNG distribution for the central and eastern Indonesia region.