The Gresik Gas Fired Power Plant is 515MW gas fired power project. It is planned in East Java, Indonesia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2021 and is expected to enter into commercial operation in 2023.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 515 | – | 515 | Permitting | East Java, Indonesia | PT AKR Corporindo |
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Description
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The project is being developed and currently owned by PT AKR Corporindo.
It is a gas turbine power plant.
The project cost is expected to be around $700m.
Development Status
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By GlobalDataThe project construction is expected to commence from 2021. Subsequent to that it will enter into commercial operation by 2023.
About PT AKR Corporindo
PT AKR Corporindo Tbk (AKR Corporindo), formerly PT Aneka Kimia Raya Tbk is a diversified company that distributes, trades, and markets basic chemicals, petroleum, and offers logistics and supply chain solutions. The company operates through its business divisions such as trading and distribution, utilities and infrastructure, logistics, and manufacturing business segments. It offers products such as industrial diesel oil, speed diesel, fuel oil, gasoline, and petroleum products, among others. AKR Corporindo also provides basic chemicals such as solvents, chloro-alkali chemicals, organic chemicals, and non-organic chemicals, among others. The company offers services such as third party logistics services and supply chain infrastructure in Indonesia and China. It supplies its basic chemicals to industrial customers, textiles manufacturers, consumer goods sector, and glass manufacturers, and rayon producers. AKR Corporindo is headquartered in Jakarta City, Indonesia.
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Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
