ISOE event - Speakers with organising committee

INDONESIAN GOVERNMENT’S INTERNATIONAL SEMINAR ON OCEAN ENERGY, BANDUNG, WEST JAVA – INDONESIA, 08 DECEMBER 2016

SBS was invited to present on methods and importance of oceanic resource modelling at the ISOE event. The event was well attended and opened by the Government’s Director of its Marine Geological Institute, P3GL, with a Keynote Speech from the Director of the Government’s New and Renewable Energy division, EBTKE.

Mike giving presentation at the ISOE Event

Mike giving presentation at the ISOE Event

BKPM MoU Signing Event in London (20 April 2016) - President's Opening Speech

INDONESIA’S FIRST COMMERCIAL-SCALE OCEAN ENERGY (TIDAL-STREAM) POWER GENERATION FACILITY

On Wednesday, 20 April 2016, the BKPM B2B trade event for UK to Indonesia investments at the London Mandarin Oriental Hotel was opened by the Chairman of BKPM and followed by an entertaining and inspiring speech from the Indonesian President. During the event, UK Project Developer SBS, signed MoUs with two of the world’s largest turbine OEMs (Original Equipment Manufacturers), Atlantis Resources Ltd and Andritz Hydro Hammerfest Ltd, for its Indonesian Ocean Energy Power Generation Project, on behalf of Indonesian IPP (Independent Power Producer), PT. SBS Energi Kelautan (SBS Ocean Energy Ltd). Separately today, SBS signed additional MoUs with Black & Veatch Ltd for continuation of specialist development engineering and Environmental Impact Assessment (EIA) support on a long-term basis and with the Centre for Coastal & Marine Studies of Bogor Agricultural University (IPB) for EIA support in Indonesia. Phase 1. of the development (12MW) is valued at US$64m and will take 36 months. The combined value of the SBS tidal-stream power generation development (150MW) is valued at US$750m and will take an additional 48 months.

SBS Group Chairman & CEO, Michael J. Spencer, commented on the BKPM event saying:
 "The BKPM B2B event at the London Mandarin Oriental Hotel was a very professionally-organized and delivered event which, in my opinion, achieved the desired result - a positive impact on British companies that are interested in better understanding the very significant progress and improvements which have been implemented for establishing major foreign investments in Indonesia by President Jokowi and his cabinet - in a remarkably short timeline since winning the last election. It was a great privilege for us to be invited to this event by BKPM and for SBS to sign MoUs with its UK partners who will contract directly with our Indonesian company and local partners for the further development, construction and commissioning of Indonesia’s first commercial-scale ocean energy power generation facility."

Liza signing MoUs with turbine OEMs, Atlantis Resources CEO, Tim Cornelius,
and Andritz Hydro Hammerfest MD, Rudolf Bauernhofer at the BKPM event, Mandarin Oriental Hotel, London, 20 April 2016

Liza signing MoUs with turbine OEMs, Atlantis Resources CEO, Tim Cornelius, and Andritz Hydro Hammerfest MD, Rudolf Bauernhofer at the BKPM event, Mandarin Oriental Hotel, London, 20 April 2016

CONEX-2015 (19Aug'2015) - PLN CEO and Mike shaking hands (after signing the MoU)

CONEX-2015 (19Aug'2015) - PLN CEO and Mike shaking hands (after signing the MoU)

CONEX - 2015(19Aug'2015)- Ambassador and Mike Spencer

PLN & SBS-APPROVED PRESS RELEASE

INDONESIA STARTS DEVELOPMENT OF ITS FIRST COMMERCIAL-SCALE OCEAN ENERGY POWER GENERATION FACILITY

JAKARTA - 19 August 2015. Indonesia’s national electrical utility company, PT. PLN (Persero) (PLN) and independently-owned British marine, subsea and renewable energy developer, SBS INTL LTD (SBS) signed a Memorandum of Understanding for the development of Indonesia’s first commercial-scale ocean energy power generation facility.
Since that time, SBS has established an IPP (Independent Power Producer) to host the IUPTL (Electrical Power Supply Business License); operate the turbine array facility and contract with PLN under a PPA (Power Producer Agreement).The planned tidal-stream facility will start initially with a capacity of 12MW, expanding to 70MW through to 150MW, at a cost of US$700m.

Signing the MoU on behalf of PLN, President Director, Bp. Sofyan Basir, said, “PLN is very pleased to collaborate with SBS on this new and renewable energy development project which will contribute toward the fulfilment of additional power requirements, especially on remote islands. Tidal-stream ocean energy technology from the UK is the most advanced in the world and therefore we are delighted that the British Government has allowed SBS to bring the technology to Indonesia.”
Signing the MoU on behalf of SBS, Group Chairman and CEO, Michael J. Spencer, said, “After almost 3 years of research focused on Indonesia’s archipelago, SBS remains fully committed in delivering its UK technology and ocean energy power generation facilities to PLN. This remarkable, reliable and renewable energy, tidal-stream power generation technology will not only help to reduce the volume of expensive fossil fuels imported into Indonesia but will also raise the level of Indonesia’s energy security. The Indonesian tidal energy project will progressively create sustainable opportunities for a variety of Indonesian businesses, including shipbuilding, as well as long-term employment for many Indonesians. Zero emission tidal-stream turbines are out-of-sight under the ocean and silent. Environmentally, tidal turbines have the lowest impact of all renewable technologies and will play a significant role in delivering electricity to satisfy increased consumer demand in remote Indonesian islands while reducing GHG’s which in turn will help to improve Indonesia’s carbon footprint.”

The UK remains at the forefront in the global delivery of ocean energy technology and tidal-stream turbine arrays. SBS is the first UK renewable energy developer to be supported by the British Embassy Jakarta to transfer its tidal-stream technology from the UK to Indonesia. The collaboration between PLN and SBS will accelerate Indonesia’s power generation energy mix into the future, saving time and cost of R&D studies for Indonesia’s commercial-scale, tidal-stream ocean energy industry.

CONEX - 2015(19Aug'2015)-Liza and Mike with Ambassador, Adrian and the team