Driven by surging electricity demand in Indonesia, Japan’s diversified group Marubeni Corporation plans to construct a coal-fired power plant in the country. The estimated investment is up to $2 billion. The new facility that will have a generation capacity of 1,000 MW will be established at Cirebon in West Java, near Marubeni’s existing power plant. Construction works are expected to begin by end-2013. However, to proceed with the plan, Marubeni will be required to secure a permit from the Energy and Mineral Resources Ministry of Indonesia. The corporation plans to sell the electricity produced by the power plant to state-owned power firm PT PLN at 4.43 cents per kWh.
