Indonesia is building the world's first floating power plant

Indonesia will soon have the world's first floating solar-powered power plant, which is expected to be the largest in Southeast Asia.
Three multinational banks have showed interest in funding the project, which will be developed in West Java's Cirata Reservoir.

The Cirata Floating Solar-Powered Power Plant project is scheduled to begin operations in November 2022, according to the Directorate General of New and Renewable Energy and Energy Conservation's website.
Last August, the project reached its financial close.

The new Power Plant will have a capacity of 145 MWac and a price of 5.81 USD cents per kWh, which is quite competitive.

The Cirata floating power station is expected to generate 245 million kWh per year.
As a result, the Cirata floating is expected to be able to power 50,000 homes while also creating 800 new employment.

According to PT PLN (Persero) Director Zulkifli Zaini, as quoted on the company's website, "The financial close phase achievement was possible because of PLN's support as the buyer of the new power plant's electricity, and PT PJB (Pembangkit Jawa Bali) as the parent company of PT PJBI and Pembangkitan Jawa Bali Masdar Solar Energi" (PT PMSE).