In a groundbreaking development, the Asian Development Bank (ADB), in collaboration with PT Cirebon Electric Power (CEP) and the Indonesia Investment Authority (INA), has reached a non-binding agreement during the COP28 event in Dubai (3/12/2023) to expedite the cessation of operations for the Cirebon-1 Steam Power Plant (PLTU).
Originally slated to continue until July 2042, the 660-megawatt (MW) capacity Cirebon-1 PLTU will now conclude its operations in December 2035. This early shutdown marks a significant milestone not only in the energy industry but also in the broader context of global sustainability and environmental consciousness.
Industry Collaboration and International Ownership
According to ADB data, the Cirebon-1 PLTU, a noteworthy entity in the energy sector, employs at least 200 people. Operated by PT Cirebon Electric Power (CEP), the plant has been generating 5 TWh of electricity annually since July 2012 through the Java-Madura-Bali (Jamali) interconnection system.
The ownership consortium of CEP comprises Marubeni Corporation from Japan, PT Indika Energy Tbk (INDY), and South Korean companies Korean Midland Power (KOMIPO) and Samtan Corporation. Indika Energy’s stake, led by M. Arsjad Rasjid, holds 20% in the CEP consortium, showcasing the international collaboration driving the plant’s operations and its impact on the energy and chemicals industry.
Read more article about environment
Sustainable Practices and Environmental Impact
Utilizing cutting-edge supercritical technology, including a fired boiler with LO-NOx Burners, the Cirebon-1 PLTU aims to enhance cycle efficiency, reduce coal consumption, and mitigate air pollution – crucial factors in the evolving landscape of sustainable practices within the energy and chemicals industry. This commitment aligns with the global push for environmentally friendly solutions, particularly in the realm of chemicals and science.
Proactive Measures for a Cleaner Future
The decision to expedite the shutdown resonates with the evolving priorities of the industry and underscores the importance of transitioning towards cleaner energy sources. The Cirebon-1 PLTU’s early closure sets a precedent for proactive measures in addressing environmental concerns and promoting sustainable practices within the energy sector – a development that will undoubtedly capture attention in Chemical News and related industry publications.
Source: CNBC Indonesia