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Article: INDONESIA: Construction start-up on long delayed build-own-operate-transfer (BOOT) $1,500,000,000 power plant was expected to resume in August 2003, SUMITOMO CORP. [Japan] - Order #: 092103.
- Article from:
- WWP-Report on Engineering Construct & Plant Operations in the Developing World
- Article date:
- September 1, 2003
CopyrightCOPYRIGHT 2003 Worldwide Projects, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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PROJECT OVERVIEW:
Japan-based SUMITOMO CORP. was expected to resume in August 2003 the construction of a large-scale coal-fired power station that was suspended in 1998 as a result of the Asian financial crisis. The contract that was initially awarded by an undisclosed independent power producer has now been renegotiated with the government. As a result, SUMITOMO is now expected to acquire possession of the facility after its built.
Although the size of the plant has not yet been revealed it is nevertheless expected to cost about $1,500,000,000 to build. Of this amount some $1,170,000,000 will to be financed by the JAPAN BANK FOR INTERNATIONAL ...