SBSEK Makes FID for Nautilus Tidal Project
Illustration purpose only, Photo: Atlantis Resources (cropped)Indonesia’s SBS Energi Kelautan (SBSEK) has made final investment decision (FID) for the Nautilus tidal stream project, and is accelerating development engineering activities for Phase I of the project.
Nautilus tidal project will provide reliable, zero-emission electrical power to State-owned electrical utility company, PT. Perusahaan Listrik Negara (PLN), throughout the 30-year duration of a power purchase agreement.
Atlantis Resources will deliver ocean energy turbines to the Nautilus project.
Endrue Fasa, president director of SBSEK, said: “On behalf of lndonesia’s first ocean energy IPP, I am delighted to announce FID with our Indonesian investment partners. We are now accelerating FEED, EIA and related activities, advancing project Nautilus toward Phase I commercial operation date.”
SBSEK has awarded the c.36-month Engineering, Procurement, Construction, Installation and Management (EPCIM) contract for offshore surveys, completion of FEED, EIA studies, turbine/power cable manufacturing, turbine assembly, system integration testing and installation activities to Scottish SBS.
SBS will direct the phased development works for SBSEK and oversee turbine manufacturing through installation of 8 x 1.5 MW turbines by Q1 2020 (Phase I), followed progressively by site expansions to 70 MW (Phase II) through 150 MW (Phase III).
