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Indonesia

Atlantis Resources signs Preferred Supplier Agreement for Indonesian tidal project

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Tidal power company Atlantis Resources has signed a Preferred Supplier Agreement (PSA) with SBS International Ltd (SBS) for a 150 MW tidal stream array in Indonesia.
Atlantis Resources signs Preferred Supplier Agreement for Indonesian tidal project

The PSA covers the supply of turbines, engineering services and equipment for the project, located in Lombok, Indonesia. The project will be supported via a 25-year PPA with PT. Perusahan Listrik Negara (PLN), the Indonesian state-owned electrical utility company.

SBS has been awarded exclusive development rights to three offshore sites situated around the islands of Lombok and Bali with a combined ocean energy capacity of 450 MW. Front End Engineering and Design (FEED) and Environmental Impact Assessment (EIA) for Phase I (12 MW) is expected to commence this year.

In accordance with the Indonesian Government’s recent commitment to stimulating the domestic renewable energy industry via sustainable development initiatives, Atlantis will seek to establish a dedicated local facility for turbine assembly, testing and maintenance and a local turbine manufacturing facility once aggregate orders for turbines exceed 100 units in Indonesia.

“Indonesia has clear potential for commercial-scale tidal power and the support of PLN shows there is also the demand and support for the development of tidal power in remote island locations across Indonesia” said Tim Cornelius, CEO of Atlantis. “SBS has secured exclusive developments for three sites each with a potential installed capacity of 150MW and we look forward to working with SBS to deliver clean, predictable, sustainable energy harvested from the ocean.”

Michael J. Spencer, Group Chairman & CEO of SBS, added that Atlantis has demonstrated a strong commitment to work with SBS on its tidal energy projects in Indonesia and that the two companies will complete an efficient supply chain for the first 150 MW site as Atlantis completes its turbine assembly and O&M base.

SBS is a privately-owned international marine, subsea and renewable energy project developer with a branch office and IPP (Independent Power Producer) in Jakarta.

Image: Tidal turbine (Atlantis)

For additional information:

Atlantis Resources

SBS International Ltd

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