Ketapang Smelter power station

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Ketapang Smelter power station is a 160-megawatt (MW) coal-fired power plant under development in West Kalimantan Province, Indonesia.

Location

The map below shows the location of power station at the alumina refinery in Ketapang Regency, West Kalimantan Province. Satellite photos from Planet appear to show construction on the second unit from February 2019 to May 2019.

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Background on Project

In July 2013, PT Cita Mineral Investindo, a subsidiary of the Harita Group, began construction on the first of two phases of the massive Well Harvest Ketapang aluminum smelter in West Kalimantan, at a total cost of $1 billion. The first phase apparently includes a three-unit, 80-MW coal-fired power plant, and is expected to be completed in 2016. It began operating in June 2016.

Expansion

In 2013 it was announced that a second phase consisting of a three-unit 80-MW coal plant would be completed by 2016. In October 2017 it was reported that construction of the second phase would begin in 2018.

Ownership and financing

As of April 2014, Harita had apparently sold a 60% stake in the Well Harvest Ketapang project to China Hongqiao Group, retaining only a 25% share. Well Harvest received a $330 million loan in April 2014 from a syndicate of banks, led by Singaporean banks DBS Bank and OCBC Bank.

In May 2016 the ownership structure was described as 30 percent Harita Grou, 56 percent China Hongqiao Group, 9 percent Winning Investment (Hongkong) Company, and 5 percent Shadong Weiqiao Aluminum and Electricity Company.

Project Details

• Sponsor: PT Well Harvest Winning Alumina Refinery
• Parent company: Harita Group (30%), China Hongqiao Group (56%), Winning Investment Co. (9%), Shandong Weiqiao Aluminum an dElectricity Co. Ltd. (5%)
• Location: Kendawangan District, Ketapang Regency, West Kalimantan Province, Indonesia
• Coordinates: -2.3661823,110.1572717 (exact)
• Status: Operating (Ketapang-1); Construction (Ketapang-2)
• Gross capacity: 160 MW (Ketapang-1: 2 x 25 MW and 1 x 30 MW; Ketapang-2 Unit 3: 2 x 25 MW and 1 x 30 MW)
• Type: Subcritical
• Projected in service: Unit 1: 2016; Unit 2: unknown
• Coal type:
• Coal source:
• Source of financing: DBS Bank and OCBC Bank

Articles and resources

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