The certainty of PT PLN (Persero) to become the electricity supplier in the Rokan Block after the transfer of management process is increasingly clear. The state-owned company is currently in the final stages of negotiating the acquisition of a gas-fired power plant owned by PT Mandau Cipta Tenaga Nusantara (MCTN).
Director of Commerce and Customer Management at PLN Bob Saril said that the company had reached an agreement regarding the provisions in the Conditional Share Purchase Agreement (CSPA) to purchase shares of the North Duri Cogen MCTN 300 MW Steam Power Plant (PLTGU), which is 95% owned by Chevron Standard Limited ( CSL), an affiliate of PT Chevron Pacific Indonesia (CPI). It is hoped that shortly, PLN will be able to own 100% of PT Mandau Cipta Tenaga Nusantara (MCTN) shares.
“Now we are in the process of negotiating with Chevron Standard Limited (CSL) directly. This morning we have succeeded in reaching agreements with several articles of the CSPA and later there will be a share purchasing agreement that we can sign in a short time, not too long,” said Bob.
Meanwhile, communication regarding the acquisition of Chevron Standard Limited (CSL) shares in MCTN by PLN has been carried out since November 2020. Based on the explanation given by Bob, PLN targets the acquisition process to be completed by the end of June 2021. He stated that in the process of acquiring this share, the company was assisted by experienced consultants.
“If you look at the scheme for their auction process or selling these shares, they will announce it this week. Then, they have 1 month to wait if there is a question from outside. After that we signed it,” said Bob.
He also guaranteed that the acquisition of the power plant owned by MCTN would not disrupt the electricity supply in the Rokan Block. PLN will utilize the 300 MW North Duri Cogen MCTN PLTGU to provide electricity services to the Rokan Block during the transition period.
"We don't have to worry about whether during the transition there will be electricity supply disruptions and so on. The shares were taken over by PLN, including the employees who automatically become part of PLN," he said.
Thus, Bob ensures that the process of transferring the management of the MCTN power plant will run smoothly.
“On August 8 to 9, [the electricity supply] will automatically start as usual because before that, maybe a week earlier, the shares had been taken over. Likewise, the next follow-up is that business permits have been submitted to PLN, we have no more problems,” said Bob.
Meanwhile, PLN has signed a Sales and Purchase Agreement for Electricity and Steam (SPJBTLU) with PT Pertamina Hulu Rokan (PHR) for the Rokan Block in February which will be effective at the end of the Rokan Block management by CPI in August 2021.
The PLN electricity supply service period is divided into two, namely a transition period of only 3 years starting from August 2021 to August 2024 and permanent services will be provided starting August 8, 2024.
During the transitional service period, PLN will utilize the PLTG North Duri Cogen MCTN, while permanent services are carried out by interconnecting the electricity system in the Rokan Block with the Sumatra electricity system.
Meanwhile, President Director of PT Pertamina Hulu Rokan (PHR) Jaffee Arizon Suardin said that the availability and reliability of electricity and steam supply were very important to support efforts to increase production in the Rokan Block.
"We are very happy that last February we signed a cooperation agreement on the sale and purchase of electricity and steam with PLN, so hopefully we can continue to carry out this cooperation," said Jaffee.
PHR Business Support Project Leader Danang Saleh added that the Rokan Block is one of the backbones of national oil production which contributes around 170 Mbopd or 24% of national oil production. Therefore, its management requires the support of reliable electricity and steam supplies with a demand of 400 MW and 335 Mbspd of steam.
Meanwhile, the Rokan Block's electricity needs are currently supplied by MCTN's 300 MW NDC plant and supported by PLTG Minas and Central Duri 130 MW which are managed by PT Pertamina Hulu Rokan (PHR) through a third party.
“Approximately 60%-70% of this NDC plant will supply 270 MW of what we need a total of 400 MW. So is the steam. This is a large portion, so there is a great hope that the provision of electricity and steam from PLN can be realized properly," said Danang.
CONTINUOUS PRODUCTION
Professor of the Faculty of Engineering, University of Indonesia Iwa Garniwa said that the electricity sector in the Rokan Block became an important issue because it involved the sustainability of oil production in the Rokan Block. Therefore, the control of existing power plants, either through the purchase of power plants or through a power purchase contract, is key.
"If this existing power plant is not controlled by [PLN], then the Rokan Block will be very difficult," said Iwa.
Meanwhile, PLN takes approximately 3 years to build a transmission from the Sumatra system to meet the electricity needs of the Rokan Block in the long term. Therefore, until the transmission is built, whether or not PLN will have to use the existing power plants.
He also recommended that PLN conduct an audit of electrical installations starting from generation, transmission, and distribution to know the condition of existing power plants, including the BPP.
"The conditions of the generator, transmission, and distribution have met the requirements, but whatever the new owner must be, the supply constraints will be met because this is related to the products that will be made by Pertamina," he said.
Energy Watch Executive Director Mamit Setiawan hopes that the negotiation process carried out by PLN in acquiring the MCTN power plant can be mutually beneficial and will not burden PLN's finances later.
"Don't let PLN make too big a sacrifice in the sense of buying too large shares and eventually burdening PLN's finances. If you buy expensive, while PLN already has SPJBTLU with PT Pertamina Hulu Rokan (PHR), then PLN will lose. The price with this PT Pertamina Hulu Rokan (PHR), of course, has been kept, "said Mamit.
Regarding the Deputy for Operations of the Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas), Julius Wiratno explained that the progress of the transition process for Rokan's work area is still ongoing according to the target.
"One of the priorities is to conduct development drilling to increase production, of which 73 wells have been drilled and have increased production," he said.
Julius added that Chevron is trying to increase the number of rigs and long-lead items needed for well drilling activities in the Rokan Block to curb the decline in production during the transition period.
Bisnis Indonesia, Page-4, Wednesday, June 23, 2021
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