Tender Procurements and Contract Opportunities Indonesia

MAKASSAR: PT Poso Energy requested PLN to raise electricity purchase commitments Poso II hydropower 3x65 MW of at least 720 GWh to 1000 GWh and provide escalation so that the project could get new funding running.
Subsidiary of PT Bukaka Teknik Utama Kalla Group is owned by the additional need of bank loans of about U.S. $ 30 million-US $ 40 million to complete development.

Poso Energy director Heru Husaini said the consortium of national banks that previously had been disbursed Rp1, 35 trillion for this project there is a calculation of expected new revenues from the sale or price increase.

"We and PLN is negotiating financial. However, the project remains clear path," he said this week.

Poso II hydropower investment is expected to cost Rp1, 9 trillion. In May 2008, Poso Energy signed financing commitment from the national syndicate of commercial banks.

PT Bank Negara Indonesia Tbk as the lead syndicate ready mengguyurkan Rp600 billion, PT Bank Rakyat Indonesia Tbk is also facilitating agent L / C Rp400 billion, PT Bank Pan Indonesia Tbk 200 billion, and PT Bank Bukopin Tbk Rp150 billion.

Project Poso Sulawesi Energy for electricity is planned for three stages, namely Poso I 60 MW, Poso II total 195 MW, and Poso III 285 MW or 540 MW totaled. Company to build hydropower used Poso II since April 2005.

In the initial contract, PLN agreed to buy electricity for Poso Rp458 per Kwh. According to Heru, the escalation has filed the petition some time ago but has not officially responded by PLN.

"Any provision minister that the small power prices below 10 MW in Sulawesi can take up to Rp700 per Kwh. We hope that such a large plant in Poso could also rise, but how much is up to PLN," he said.

At the beginning of the contract also stated that PLN will absorb whatever Poso Energy production for the power needs are still less capable.

General Manager of PLN Sultanbatara Haryanto W.S. said so far there is no precedent for the price escalation in the Sulawesi region. "The options are difficult to fulfill."