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Tue 15 Sep 2015 02:13 PM

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Qatar's Nebras inks Indonesia deal for power plant study

Agreement signed with Indonesian utility PT PLN to study the feasibility of building a power plant

Qatar's Nebras inks Indonesia deal for power plant study
(Photo for illustrative purposes only)

Qatar's Nebras Power has signed an agreement with Indonesian utility PT PLN (Persero) to study the feasibility of building a power plant, it said on Tuesday.

Plans call for the natural gas-fired plant to produce 500 megawatts of electricity and be commercially operational by 2019, Nebras said in a release to the Qatar bourse.

The announcement comes as Indonesian President Joko Widodo visits Saudi Arabia, the UAE and Qatar.

As part of the agreement, the companies will also study the feasibility for constructing a floating storage and regasification unit (FSRU) for liquefying natural gas to supply to the plant, which aims to cover part of the electricity needs of North Sumatra, it said.

Nebras Power is an infrastructure investment firm which is 60 percent owned by Qatar Electricity and Water Company, with the remainder split between Qatar Petroleum and Qatar Holding.

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