Intl. Power says Java plant open for business
The fires are burning at Paiton 3, a new 815 megawatt coal-fired power plant on Java Island in Indonesia, power generator International Power has revealed.
The fires are burning at Paiton 3, a new 815 megawatt coal-fired power plant on Java Island in Indonesia, power generator International Power has revealed.
The plant is owned and operated by PT Paiton Energy, in which International Power has a 40.5% stake; International Power itself is 70% owned by French utility giant GDF Suez.
Paiton 3 is the first super-critical coal unit in Indonesia and the largest generating unit on the Java-Bali grid, International Power disclosed. The output from Paiton 3 will be supplied to PT PLN (Persero), the Indonesian state utility, under a 30-year power purchase agreement.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
jh
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
How high earners could boost their pension by thousands and cut childcare costs
Salary sacrifice could boost your pension by thousands, while also helping you save on childcare costs. We delve into the numbers.
-
Monzo launches 11 ETFs via Blackrock to help savers invest
Monzo customers can now invest BlackRock's iShares ETF range via its banking app, making investing more accessible to millions