Jawa Satu Power

What Jawa Satu Power does

Jawa Satu Power (JSP), operating as PT Jawa Satu Power, is an Indonesian Independent Power Producer (IPP) established in December 2016 as a joint venture between Pertamina NRE (40%), Marubeni Corporation (40%), and Sojitz Corporation (20%). The company was formed to develop, own, and operate the Jawa-1 Project — Indonesia's first LNG-to-power integrated facility — located in Cilamaya, Karawang, West Java. JSP's commercial activity consists entirely of selling electricity to PT PLN (Perseroan Listrik Negara), Indonesia's state-owned national electricity company, under a long-term Power Purchase Agreement (PPA) signed in January 2017 and effective from September 15, 2017. Following achievement of Commercial Operation Date in 2024, both units of the plant are delivering 1,760 MW of baseload power into the national grid.

JSP's core product is a 1,760 MW Combined Cycle Gas Turbine (CCGT) power plant — recognized by POWER Magazine as the world's largest single-shaft gas power plant and the largest CCGT facility in Southeast Asia. The integrated value chain includes a Floating Storage Regasification Unit (FSRU) vessel owned by the jointly-controlled subsidiary PT Jawa Satu Regas (JSR), 21 km of offshore and onshore gas pipeline, 52 km of 500kV transmission line with 118 towers, and a 500kV Gas Insulated Substation. LNG is sourced from BP Tangguh in West Papua and regasified at the FSRU before delivery to the CCGT. GE provides ongoing maintenance under an Onshore and Offshore Long-Term Service Agreement (LTSA). The project was financed through a multi-bank consortium led by Bank MUFG and supported by JBIC, NEXI, Mizuho, OCBC, Credit Agricole, and Societe Generale, with Financial Close reached on December 5, 2018.

Revenue is generated exclusively through the PLN PPA under a long-term, contractually committed tariff structure (specific terms are confidential). The company has 251-500 employees, is headquartered at Sampoerna Strategic Square in Jakarta, and operates a site office in Cilamaya, West Java and FSRU operations offshore of Subang, West Java. JSP has positioned itself within Indonesia's energy transition framework, publicly aligning with the country's Net Zero Emission target for 2060 and emphasizing operational reliability, demonstrated by 41.3 million safe working hours with zero lost-time injuries achieved during project execution.

Name

Jawa Satu Power

Legal name

PT Jawa Satu Power

Website

https://jawasatupower.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

251–500 employees

Short description

Jawa Satu Power (PT JSP) is an Indonesian Independent Power Producer and joint venture between Pertamina NRE, Marubeni, and Sojitz that operates a 1,760 MW Combined Cycle Gas Turbine plant — the world's largest single-shaft gas facility and Indonesia's first LNG-to-power project — selling electricity exclusively to PLN under a long-term PPA.

Ownership category

akta.pro rank

Product category

Independent Power Generation

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Bulk Power Transmission and Control (221121), Electric Power Generation (22111)

SIC

Cogeneration Services & Small Power Producers (4991), Water, Sewer, Pipeline, Comm & Power Line Construction (1623)

akta.pro primary industry

Gas-Fired Power Plant Development & IPP Ownership (Greenfield/Brownfield) (EUACABAI)

akta.pro secondary industries

Gas-Fired Power Plant O&M and Life-Extension/Repowering Services (EUACABAJ), Captive & Embedded Gas-Fired Power Generation (Industrial/Commercial CHP) (EUALALAB), High-Voltage Electrical Systems (Switchgear, Transformers, Protection & Control) (EUAEAFAA)

Keywords

• Combined cycle gas turbine
• Independent power producer
• LNG-to-power integration
• Floating storage regasification
• Electricity generation services

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Supply Chain, Technology or R&D, Personnel

Revenue model

1. Electricity Sales to PLN: JSP generates revenue by producing and selling electricity to PLN (Perusahaan Listrik Negara), Indonesia's national electricity company, under a long-term Power Purchase Agreement (PPA). The 1,760 MW power plant supplies power to the national grid, playing a crucial role in meeting Indonesia's growing electricity demand.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

Jawa Satu Power (JSP) operates the Jawa-1 Power Plant, a 1,760 MW Combined Cycle Gas Turbine (CCGT) facility located in Cilamaya, West Java, Indonesia — the world's largest single-shaft gas power plant. Through its subsidiary PT Jawa Satu Regas (JSR), the company also owns and operates a Floating Storage Regasification Unit (FSRU) vessel that receives LNG from BP Tangguh, regasifies it, and delivers natural gas via pipelines to the power plant. Electricity is sold exclusively to PLN, Indonesia's state-owned national electricity company, under a long-term Power Purchase Agreement (PPA).

Product overview

Jawa Satu Power operates the Jawa-1 Project, Indonesia's first LNG-to-power integrated facility. The company runs two core products: (1) the Jawa-1 CCGT power plant with 1,760 MW capacity and (2) the Jawa Satu Regas FSRU vessel. These facilities work together as a unified gas-to-power value chain, with the FSRU receiving LNG from BP Tangguh in West Papua, regasifying it, and delivering it via pipelines to the CCGT plant, which then supplies electricity to PLN.

Differentiator

Problem solved

Functional benefit

Products and services

• Jawa-1 Power Plant (CCGT) A 1,760 MW Combined Cycle Gas Turbine (CCGT) power plant located in Cilamaya, Karawang, West Java, Indonesia. The facility achieved full commercial operation in 2024 and holds the record as the world's largest single-shaft gas power plant. It supplies baseload electricity to PLN under a long-term Power Purchase Agreement.
• Jawa Satu Regas (FSRU) A Floating Storage Regasification Unit (FSRU) vessel operating offshore of Subang, West Java, that receives liquefied natural gas (LNG) — sourced from BP Tangguh in West Papua — and converts it back to gaseous form for delivery to the Jawa-1 power plant through offshore and onshore pipelines.

Quantifiable outcome

• 1,760 MW total capacity achieved at full Commercial Operation Date (COD) in 2024
• +3 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Six partnerships are on record, tiered core and flagship.

• General Electric (GE)coreTechnology or Integration · 21 December 2017Technology provider for the CCGT power plant through Long-Term Service Agreement (LTSA) for Onshore & Offshore operations. GE provides maintenance and technical support for the power generation equipment.
• Samsung Heavy Industries (SHI)coreTechnology or Integration · 23 October 2017Shipbuilding company contracted to construct the FSRU (Floating Storage Regasification Unit) vessel for the Jawa-1 LNG-to-power project. The vessel was fabricated in South Korea with steel cutting on April 26, 2019.
• Pertamina NREflagshipStrategic or Co-development Partner · 5 December 2016Joint venture partner holding 40% share in PT Jawa Satu Power. Represents Indonesia's state-owned energy company's renewable energy subsidiary. Jointly developed the 1,760 MW Jawa-1 CCGT power project as the anchor Indonesian partner.
• Marubeni CorporationflagshipStrategic or Co-development Partner · 5 December 2016Japanese trading company holding 40% share in PT Jawa Satu Power. Brings international power project development expertise and EPC capabilities to the Jawa-1 project.
• Sojitz CorporationcoreStrategic or Co-development Partner · 5 December 2016Japanese trading company holding 20% share in PT Jawa Satu Power. Contributes to the project's international financing and energy infrastructure expertise.
• BP TangguhcoreTechnology or IntegrationLNG supplier providing liquefied natural gas from BP Tangguh facility in West Papua, Indonesia. The LNG is transported to the FSRU vessel for regasification before delivery to the power plant.

Scale indicators7 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• PT PLN (Persero): Indonesia's state-owned national electricity utility and JSP's sole off-taker. Comparable as the dominant Indonesian electric power entity that sets PPA terms, operates transmission, and influences dispatch economics for IPPs like JSP.
• YTL Power International: Malaysian-listed integrated power utility with multi-gigawatt CCGT generation in Southeast Asia and the UK. Comparable as a regional gas-fired generation incumbent with comparable asset scale and similar offtake structures.

Direct peers

• PT Pembangkitan Jawa Bali (PJB): Indonesian state IPP operating gas and coal-fired power plants on Java serving PLN. Closest direct peer as a Java-based thermal IPP with PPA offtake structure identical to JSP's, including comparable CCGT units.
• EGCO Group: Thai-listed IPP with Southeast Asian CCGT and renewable power generation assets and long-term PPAs with Thai utilities. Comparable as a regional independent power producer with gas-fired generation expertise and a project finance-funded operating model.
• Ratch Group Public Company Limited: Thai IPP with significant Southeast Asian CCGT and renewable generation footprint, including projects in Indonesia. Comparable as a regional IPP pursuing similar gas-fired and LNG-to-power opportunities across the region.
• PT Indonesia Power: Indonesia's largest state-owned power generation IPP, a subsidiary of PLN operating a portfolio of thermal (including CCGT) power plants across Java. Directly comparable as a fellow Indonesian CCGT operator selling into the PLN grid under long-term PPAs.
• First Gen Corporation: Philippines-based IPP operating large-scale CCGT and geothermal plants under long-term PPAs. Comparable as a Southeast Asian gas-fired IPP reliant on imported LNG and operating with international JV partners and project finance structures.
• Pertamina NRE (PT Pertamina Power Indonesia / PT Pertamina New & Renewable Energy): 40% shareholder in JSP and Indonesia's state-owned renewable and CCGT IPP developer. Comparable as a fellow Indonesian gas-fired and renewable IPP with overlapping offtake relationships with PLN and similar project development capability.

Others

• Marubeni Corporation: 40% shareholder in JSP and a major Japanese trading house with a global IPP investment portfolio (gas, renewables, power). Comparable as the JV partner whose international IPP platform provides JSP with strategic and financial overlap with peer CCGT projects globally.

Regional players

• Sarawak Energy: Malaysian state-owned integrated power utility with large-scale CCGT and hydroelectric generation. Comparable as a Southeast Asian integrated power utility operating gas-fired baseload capacity at similar scale, though serving Malaysian offtakers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/jawa-satu-power-pt
• Instagraminstagram.com/ptjawasatupower

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Jawa Satu Power