Tidal stream power generation project, Indonesia
Name of the Project
Tidal stream power generation project.
Location
Indonesia.
Client
Atlantis Resources and SBS Intl have entered into a memorandum of understanding to establish a joint venture to develop the project.
Project Description
The project entails the construction of a 150 MW tidal stream array, and will be completed over several stages.
Jobs to Be Created
Not stated.
Value
The cost of the array is estimated at $750-million.
Duration
Not stated.
Latest Developments
SBS Intl has completed a feasibility study on the project and will be supported by a 25-year power purchase agreement with State-owned electricity company Perusahaan Listrik Negara.
Key Contracts and Suppliers
None stated.
On Budget and on Time?
Not stated.
Contact Details for Project Information
SBS Intl, tel +62 21 5291 7427 or fax +62 21 515 7799.
Atlantis Resources, tel +44 20 3727 1000.
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