PT Soma Power Indonesia | What We Do

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What We Do

MISSION

To operate electric power businesses for government-owned entities and private companies that focus on customer satisfaction
To create excellent investment value for investors
To create a productive workplace environment and become employee’s pride in a workplace
To increase awareness for and responsibility to the environment

PROFILE

The Company primarily engage in the generation of electricity for distribution to PLN through the sale of Power Purchase Agreement (PPA). Catering primarily to the industry clientele, The Company will be sold through PLN. The Company stands to generate steady revenue stream from the power plant with a validated trend of increasing electricity usage and will sign contracts with state-owned utility company (PLN).

HISTORY

Total energy demand in Indonesia is expected to increase by 8.7 percent each year up to 2024. According to PLN’s strategic plan (RUPTL), new capacity in the country will be delivered largely through new coal-fired stations (7.23 GW), gas installations (4 GW) and combined-cycle plant (6.3 GW). The plan also includes a proposed 1 GW of new hydropower capacity.

The Indonesian Government is embarking on electric power supply program whereof out of the 35,000MW of targeted electrical power capacity, 25,000MW is to be supplied by the private sector. It is estimated that there is currently about 8 GW of economically viable undeveloped hydropower potential, which would provide almost 33 TWh of electricity per year.

philosophy

The Company is keenly aware that it must consistently analyze the local competitive landscape to accelerate its position in the marketplace. What follows is a listing of the primary competitive advantages of the hydroelectric power plants upon establishments:

Environmentally friendly processwith zero emission waste and the use of water as a renewable energy source which are in alignment with the overall industry trend for cleaner energy option
The use of natural structurefor the dam construction at the Bongka hydroelectric plant which will create cost-saving of the construction project
The integration with PLN’s infrastructure grid which allows the power plants to readily transmit electricity to its target customers.

achievements

Project Recommendation from the Governor of Central Sulawesi
Principal Permit from the Governor of Central Sulawesi for development of Bongka HEPP Project
Principal Investment Permit from Indonesia Investment Coordinating Board (BKPM)
Aerial topography mapping for orthophoto map in project area
Recommendation for Forestry Analysis Function from Forestry Services of Central Sulawesi & BPKH Region XVI Palu and Technical Review from the Forestry Service of TojoUna-una Region
Project Pre-Feasibility Study
Technical Recommendation for Forestry Permit from BPKH Area XVI Palu
Technical Recommendation for Forestry from Forestry Services of Central Sulawesi & Governor of Central Sulawesi
Dedicated as Nominated Developer of Bongka HEPP from PT PLN (Persero) to BKPM RI
Temporary Electricity Business Permit (IUPTL-S) from BKPM RI.