The OBI Ferronickel Project is 600MW coal fired power project. It is planned in North Maluku, Indonesia. The project is currently in permitting stage. It will be developed in single phase. The project construction is likely to commence in 2023 and is expected to enter into commercial operation in 2025.
| Project Type | Total Capacity (MW) | Active Capacity (MW) | Pipeline Capacity (MW) | Project Status | Project Location | Project Developer | Thermal | 600 | – | 600 | Permitting | North Maluku, Indonesia | Ningbo Lygend Mining; PT Harita Group |
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Description
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The project is being developed by Ningbo Lygend Mining and PT Harita Group. These companies also have ownership stakes in the project.
It is a steam turbine power plant.
The project cost is expected to be around $793.08m.
The Coal fired project consists of 4 steam turbines, each with 150MW nameplate capacity.
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By GlobalDataDevelopment Status
The project construction is expected to commence from 2023. Subsequent to that it will enter into commercial operation by 2025.
Contractors Involved
Powerchina Jiangxi Electric Power Construction is expected to render EPC services for the coal fired power project.
About Ningbo Lygend Mining
Ningbo Lygend Mining Co Ltd (Ningbo Lygend ) focuses on the production of nckel and cobalt. It is headquartered in China.
About PT Harita Group
PT Harita Group (Harita Group) is a business conglomerate specializes in palm oil plantations, mining and smelters. It is headquartered in Indonesia.
Methodology
All power projects included in this report are drawn from GlobalData’s Power Intelligence Center. The information regarding the project parameters is sourced through secondary information sources such as electric utilities, equipment manufacturers, developers, project proponent’s – news, deals and financial reporting, regulatory body, associations, government planning reports and publications. Wherever needed the information is further validated through primary from various stakeholders across the power value chain and professionals from leading players within the power sector.
