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Operation & Maintenance of Tanjung Jati Coal-Fired TPP #3 & #4 in Indonesia

Project Overview

As an O&M business for coal-fired thermal power plant units #3 & #4 with a facility capacity of 600MW each located 300km east of the Indonesian capital, Jakarta, KOMIPO is operating the power plant for 22 years, including the commissioning period. The total contract amount is about ？1 trillion (confirmed contract: about US$400 million, achievement calculated portion: about US$500 million).

A KOMIPO consortium was selected as the priority negotiating partner on June 23, 2010, through an international bidding. It established a local corporation (PT. KPJB) on Oct. 1 of that year and concluded the official contract between Indonesia's state-owned electricity company, PLN, on Oct. 28.

About 250 professionals, including 13 dispatched by KOMIPO, are working at PT. KPJB. Unit #3 and #4 are presently in commercial operation after completion in October 2011 and January 2012, respectively, and preventive maintenance was completed for both units in 2012.

Also, Tanjung Jati #3 & #4 ranked first among the power plants under PLN in operating results for two consecutive year, 2013 and 2014, and second in 2015. Accordingly, KOMIPO received recognition for its excellent power plant operating and maintenance capabilities in the country.

Cirebon Coal-Fired Thermal Power Plant in Indonesia

Project Overview

The Cirebon Thermal Power Plant is the first large-capacity power plant construction & operation project won by a domestic enterprise. After organizing a consortium together with Korea's SAMTAN, Japan's Marubeni Corp. and Indonesia's Indika Group, KOMIPO won this project in 2006, outpacing overseas competitors. It also supplied funds through project financing.

Through the power plant with a generation capacity scale of 660MW and with a total project investment of US$850 million, KOMIPO has realized about US$3.4 billion in electricity sales and expects to recover an annual average investment revenue of 11%.

Completed in July 2012, the Cirebon TPP is presently in commercial operation. KOMIPO established a local O&M company, PT. CEP, and is providing total O&M solutions, including EPC management, commissioning and O&M, to PT. CEP.

Also, the Cirebon TPP ranked first among the power plants under PLN in operating results in 2015 and earned related incentives, for which KOMIPO is receiving recognition of its excellent O&M capabilities in the country. KOMIPO, which has invested about US$70 million in the project, expects to harvest a cumulative net profit exceeding the invested amount through allocation of profits in the first half of 2017.

Navanakorn Combined Cycle Power Plant in Thailand

Project Overview

The Navanakorn CCPP is the first project won by KOMIPO among Korean power companies in Thailand where the entry barrier is high for private invested power plants. It is an O&M project for a gas turbine combined cycle power plant with a facility capacity of 110MW located 30km north of the Thai capital, Bangkok.

Through the project, with a total project cost of US$190 million (KOMIPO investment: ？16.6 billion), KOMIPO expects an average of about 13% in annual investment revenues, including annual dividend profit of about ？1.9 billion and about ？500 million in income from its technical consulting service.

A total of 48 professionals, including two employees dispatched from KOMIPO, are working at the local corporation (Navanakorn Electric Co.). Completed in 2013, the power plant is presently in commercial operation.