I wonder if they will use the money we give them for foreign aid to do this.
ThorCon Power Indonesia submits proposal for Indonesia’s first nuclear power plant
August 15, 2024
PT ThorCon Power Indonesia has officially submitted a proposal to the National Energy Council (DEN) to begin preparations for the implementation of the TMSR500 as Indonesia’s first nuclear power plant (PLTN).
The proposal was crafted in collaboration with key stakeholders, including the Energy Strategy and Policy Research Agency (BBSP), the Directorate General of New, Renewable Energy and Energy Conservation (KEBTKE), the Ministry of Energy and Mineral Resources (ESDM), the Engineering Research and Innovation Center of the School of Engineering at Gadjah Mada University (UGM), PT PLN Enjiniring, and Bangka Belitung University (UBB).
Djoko Siswanto, Secretary-General of the National Energy Council, emphasized the critical nature of this strategic initiative in laying the groundwork for Indonesia’s inaugural nuclear power plant.
He highlighted the urgency of the project, especially in light of recent discussions on nuclear energy led by Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan.
Agus Puji Prasetyono, an academic representative on the National Energy Council and Chairman of the NEPIO Formation Acceleration Team, underscored the tight timeline for preparing the necessary documentation for the nuclear power plant’s construction.
The first PLTN is expected to transmit electricity to PLN by 2032, a crucial deadline given the projected 2 GW electricity shortfall in Java by 2034 and a national deficit of 8-10 GW by 2040.Agus emphasized that Indonesia’s economic growth, driven by downstream processing and innovation, will require a strong and stable baseload energy source.
Given the limited potential for renewable energy baseloads in Indonesia, nuclear power is seen as the only viable solution to meet the country’s substantial energy needs.ThorCon Power is committed to constructing the first nuclear power plant in Indonesia with a capacity of 2×250 MW (First-of-a-Kind/FOAK) without using state budget (APBN).
The company aims to achieve a commercial operation date (COD) by 2030 on Kelasa Island, Bangka Belitung,
with a target electricity price of less than 6.9 US cents per kWh.In the next phase, ThorCon Power plans to add seven additional nuclear units, equivalent to 3,500 MW (Nth-of-a-Kind/NOAK), with a target electricity price of less than 6.5 US cents per kWh and a COD before 2035.
This price includes waste management, decommissioning, and transmission to the nearest PLN Extra High Voltage Substation (GITET).
Bob added that with ThorCon Power’s electricity price below Rp1,000 per kWh, the company has the potential to reduce electricity subsidies and compensation, which are projected to reach Rp100 trillion (US$6.4 billion) by 2030.
Through this initiative, ThorCon Power Indonesia aims to significantly contribute to increasing national energy capacity and meeting Indonesia’s growing electricity demand.
https://indonesiabusinesspost.com/risks-opportunities/thorcon-power-indonesia-su... If Indonesia can have it running by 2032 is Labor the reason why it will take so long here?