PT Indo Raya Tenaga

What PT Indo Raya Tenaga does

PT Indo Raya Tenaga (IRT) is an Indonesian Independent Power Producer incorporated as a Perseroan Terbatas and headquartered at Sentra Senayan II, Jakarta Pusat, with its operational site in Suralaya, Cilegon, Banten. The company is the special-purpose developer and operator of the Jawa 9 & 10 Coal Fired Steam Power Plant, a 2x1,000 MW Ultra-Super Critical installation representing Indonesia's first and only coal-fired facility equipped with Selective Catalytic Reduction and the most complete emission control suite in the country (FGD, ESP, Low-NOx Burner, SCR).

The asset combines an OECD-manufactured latest-generation USC boiler and high-efficiency steam turbine generator with the full emissions control package, and is engineered for up to 60% green ammonia co-firing per joint studies with PLN Enjiniring and Doosan Enerbility. IRT generates revenue exclusively from selling electricity to PLN (Perusahaan Listrik Negara) under a 25-year Build-Own-Operate-Transfer Power Purchase Agreement that requires no government guarantees. Ownership is sponsored 51% by PLN Indonesia Power group, 34% by Barito Pacific group, and 15% by Kepco group.

The plant achieved official commercial operation in October 2025 as a Transitional NZE Power Plant, supplying base-load electricity to the Java-Bali grid as part of Indonesia's national strategic 35,000 MW program. Commercial activity is otherwise limited to corporate communications, press relations, and CSR programs (vocational training, coral reef rehabilitation, community emissions testing) with no consumer-facing channels, given IRT's single-customer structure.

Name

PT Indo Raya Tenaga

Legal name

PT Indo Raya Tenaga

Website

https://irt.co.id

Company type

Private

Operating status

Operating

Headcount range

101–250 employees

Short description

PT Indo Raya Tenaga is an Indonesian independent power producer operating the 2x1,000 MW Ultra-Super Critical Jawa 9 & 10 coal-fired plant, selling 100% of its electricity to state utility PLN under a 25-year PPA for the Java-Bali grid.

Ownership category

akta.pro rank

Product category

Independent Power Production

NAICS

Fossil Fuel Electric Power Generation (221112), Electric Power Generation (22111)

SIC

Engines & Turbines (3510)

akta.pro primary industry

Thermal Power Plant O&M (Coal, Gas, Oil) (EUAEAGAA)

akta.pro secondary industry

Thermal Power Plant EPC (Gas/Coal/Oil) (EUAEAAAA)

Keywords

• Coal-fired power generation
• Ultra-super critical boiler
• Emission control systems
• Power purchase agreement
• Independent power producer

Headquarters

HQ city

Jakarta

HQ country

Indonesia

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Electricity Sales to PLN: Under a 25-year Power Purchase Agreement (PPA) with PLN, PT Indo Raya Tenaga generates revenue through the sale of electricity generated by the Jawa 9 & 10 coal-fired USC power plant. The PPA is structured as a Build-Own-Operate-Transfer (BOOT) arrangement requiring no government guarantees. Revenue is derived from capacity charges and energy charges based on electricity delivered to PLN for the Java-Bali grid.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

PT Indo Raya Tenaga is an Independent Power Producer (IPP) that develops, owns, and operates the 2x1000MW Jawa 9 & 10 Ultra-Super Critical (USC) coal-fired steam power plant located in Suralaya, Cilegon, Banten, Indonesia. The company sells 100% of generated electricity to PLN (Indonesia's state-owned electricity utility) under a 25-year Build-Own-Operate-Transfer (BOOT) Power Purchase Agreement with no government guarantees. The plant features Indonesia's first and only Selective Catalytic Reduction (SCR) system at a coal-fired power plant, combined with the most complete emission control equipment package (FGD, ESP, Low NOx Burner, SCR) in the country, with planned readiness for up to 60% green ammonia co-firing.

Product overview

PT Indo Raya Tenaga (IRT) is an Independent Power Producer (IPP) operating the Jawa 9 & 10 coal-fired steam power plant — Indonesia's first and only Ultra-Super Critical (USC) power plant equipped with Selective Catalytic Reduction (SCR). The core product is a 2×1000MW USC steam power plant incorporating OECD-made boiler and steam turbine generator technology. The plant's integrated emissions control suite (FGD, ESP, Low NOx Burner, and SCR) makes it the most complete emission-controlled power producer in Indonesia. The company is also developing green ammonia co-firing capability as a transitional pathway toward net-zero emissions, positioning the facility as a hybrid clean-energy power plant.

Differentiator

Problem solved

Functional benefit

Products and services

• Jawa 9 & 10 Coal-Fired Steam Power Plant (USC) Electricity Generation 2x1000MW Ultra-Super Critical (USC) coal-fired steam power plant located in Suralaya, Cilegon, Banten, Indonesia, operating as an Independent Power Producer selling electricity exclusively to PLN (Perusahaan Listrik Negara) under a 25-year Power Purchase Agreement for distribution across Java and Bali.

Quantifiable outcome

• 2x1000MW capacity delivering base-load electricity to PLN for Java and Bali
• +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

Feature5 records

Partnerships

Five partnerships are on record, tiered minor and core.

• PT Hyundai Andalan CilegonminorImplementation/ SI/ Consulting Partner · 24 April 2024IRT partnered with PT Hyundai Andalan Cilegon to organize a free vehicle emissions testing program from April 24-26, 2024, at the Jawa 9 & 10 Project Site Office. The program tested 38 IRT employee vehicles and 8 community vehicles, with passing vehicles receiving certificates from the Cilegon City Environmental Agency.
• Doosan EnerbilitycoreStrategic or Co-development Partner · 23 August 2023IRT signed an MOU with Doosan Enerbility during a joint work visit to Korea with PLN and PLNIP. The MOU covers a final study to maximize utilization of green ammonia as an alternative fuel source for Jawa 9 & 10, and a joint development plan and roadmap for green ammonia demand and supply in Indonesia. This partnership was witnessed and supported by both Korean and Indonesian governments at the ASEAN Summit Business Round Table on 7 September 2023.
• PLN Enjiniring (PT PLN Enjiniring)coreStrategic or Co-development Partner · 14 November 2022IRT and PLN Enjiniring conducted a joint study on green ammonia co-firing, concluding that utilization of green ammonia as fuel source up to 60% is suitable for Jawa 9 & 10's SCR-equipped boiler. The study was initiated during the B20 event in Bali on 14 November 2022. This partnership is foundational to Jawa 9 & 10's transition to a hybrid power plant capable of significant ammonia co-firing.
• BBPVP Serang (Balai Besar Pelatihan Vokasi Perempuan)minorStrategic or Co-development Partner · 1 January 2022IRT collaborated with BBPVP Serang to provide vocational training for young people from Suralaya, Lebakgede, and Salira. The program combined classroom-based theoretical learning with hands-on practice through workshops, followed by On the Job Training (OJT) within the Jawa 9 & 10 project. IRT conducted monthly monitoring and discussions with participants.
• Smiling Coral Indonesia (SCI)minorStrategic or Co-development PartnerIRT collaborates with Smiling Coral Indonesia (SCI) on a coral reef rehabilitation program at Tunda Island, Banten. The program focuses on restoring damaged reefs through the installation of 330 coral transplant structures using coral blocks, coral racks, and coral spiders. IRT also engages with the Tunda Island community through training on coral transplantation and maintenance.

Scale indicators6 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• GE Vernova: Supplies large USC steam turbine generators and emission control systems used in 1,000 MW-class coal and combined-cycle power plants globally, providing an equipment-benchmark for IRT's OECD-made turbine and SCR technology stack.
• Korea Electric Power Corporation (KEPCO): Holds a 15% stake in PT Indo Raya Tenaga and is a Korean state-owned utility with extensive international generation, transmission, and nuclear exposure, providing a directly comparable state-utility benchmark.
• Mitsubishi Power: Supplies USC boilers, steam turbines, and ammonia co-firing technology for utility-scale power generation, comparable to the OECD-made equipment stack and green ammonia roadmap referenced by PT Indo Raya Tenaga.
• PT PLN Indonesia Power: PlN's power generation subsidiary and IRT's 51% sponsor; operates more than 20 power plants across Indonesia including coal, gas, geothermal, and renewables, making it the largest peer operator of generation assets on the Java-Bali grid.

Direct peers

• PT Jawa Power: Operates the 660 MW Cilacap coal-fired plant in Central Java under a long-term PPA with PLN, sharing the same Indonesian BOOT IPP model, PLN off-take, and coal-fired steam generation profile as PT Indo Raya Tenaga.
• Paiton Energy: Independent Power Producer operating the Paiton coal-fired complex (~2,300 MW) in East Java under long-term PPAs with PLN, with the same Java-Bali off-taker model and similar USC boiler technology as PT Indo Raya Tenaga's Jawa 9 & 10 plant.
• PT Cirebon Electric Power: Operates the 660 MW Cirebon coal-fired supercritical power plant in West Java under a long-term PPA with PLN, making it a directly comparable Indonesian coal IPP on the same Java-Bali grid.

Others

• PT Bukit Asam: Indonesian state-owned coal producer that supplies thermal coal to Java-Bali power plants including several PLN IPPs; relevant as an upstream fuel-supply counterpart to PT Indo Raya Tenaga's coal-fired operations.

Emerging players

• Doosan Enerbility: Korean power-equipment OEM and IRT's strategic partner for the green ammonia co-firing roadmap at Jawa 9 & 10; provides a directly comparable advanced USC and ammonia-burner engineering capability.

Regional players

• PT Pertamina Geothermal Energy: Indonesia's largest geothermal IPP and a PLN-contracted power producer on the Java-Bali grid, offering a comparable Indonesian IPP business model even though its generation technology differs from coal.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/pt-indo-raya-tenaga

Revenue estimate

Valuation estimate

Number of profiles

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 PT Indo Raya Tenaga