Investor Confidence The project is being delivered through Harbin Electric International Company Limited, a Chinese EPC contractor. As the owner’s engineer to PT Lestari Banten Energi (LBE), an operating division of Malaysia’s Genting Group, Black & Veatch helped garner investor confidence from day one. By working closely with banks and other relevant parties to explain the technical and other parameters of the project, financial close was achieved on-schedule in 2013. This success sent a clear and positive signal that the financial markets were ready to accept alternative approaches to delivering major power projects in Indonesia, provided the right planning and preparations were in place. The project was also awarded the prestigious 2013 Asia Pacific Power Deal of the Year by Project Finance International. Since the first concrete-pouring at the end of 2013, the project continues to perform to expectations and remains on schedule for completion in 2017. Black & Veatch continues to provide other owner’s engineer services to LBE as the project continues. Contact us to learn more about what we can do for you. 0 Related Insights With Grid Modernization, Utilities Poised For Most Visible Transformation The annual Strategic Directions Report series offers analysis and insights into key issues and trends facing the smart cities and utilities, electric, natural gas, and water utility sectors. FLNG Solutions Prove To Be Much More Than Potential It was roughly a decade ago when the initial introduction of floating liquefied natural gas (FLNG) solutions sought to help bring uneconomic gas reserves offshore, such as those in remote locations, to the market. Over the past few years, however, we’ve watched as offshore FLNG capabilities have moved closer to the mainland, offering a very flexible and economical solution to operators looking to offload their supply around the world. Four Big Trends in Gas-to-Power Hold Promise for U.S. Market Major energy shifts are afoot, and the United States will play a critical role going forward. The EIA projects that by 2022, the U.S. will become a net energy exporter, according to its newly released Annual Energy Outlook 2018. For natural gas, this shift will happen even earlier, around 2020, the EIA says. Market Strives to Deliver Over Pipeline Challenges As if the persistent low-price environment wasn’t enough, rampant natural gas production in the Appalachian and Permian Basins is ramping up concern that pipeline take-away capacity can’t keep up. This comes as the United States natural gas industry prepares to enter one of its strongest growth periods to date, driven by increasing global demand for low cost natural gas supplies and growing domestic demand for cleaner energy sources. Southeast Asia’s Journey Toward a Cleaner Energy Future Strong economic growth, low gas prices and environmental goals are transforming natural gas demand in Southeast Asia. Related Project Stories Lifting the Burdens of Capital Improvement Programs For more than 20 years, Black & Veatch worked with the Winston-Salem/Forsyth County Utility Commission to upgrade its wastewater treatment system on a project-by-project basis. There were many short-term wins, but resilience dated master plan made the long-term a bit less clear. The real win, and biggest cost savings, required a different approach. Integrated Waste Management Facility to set new Global Standards Innovative long-term planning and advanced engineering at the upcoming Integrated Waste Management Facility (IWMF) in Singapore will enable the island nation reap the benefits of energy and resource recovery maximisation for years to come. Marine Corps Air Station Miramar Microgrid: From Design and Construction to Operations and Commissioning The energy security microgrid at Marine Corps Air Station Miramar, in San Diego, California will provide resiliency, incorporate renewable energy, and allow operations at mission-critical facilities to continue if the utility power grid is compromised or damaged. Architecture and Engineering Services Help U.S. Army Protect Homeland, Soldiers and Allies from Cyber Threats In 2019, the Army’s elite cyber team will have a new, Black & Veatch-designed headquarters in Fort Gordon, Georgia, that will serve as “a hub of technology and innovation.” Black & Veatch is EPC Contractor for the First Hydrogen Fueling Station Network in U.S. History Black & Veatch and FirstElement Fuel Inc. are working to rapidly bring hydrogen fueling stations to consumers in California who want a zero emission option for their cars. FirstElement Fuel selected Black & Veatch to engineer, permit and construct 19 hydrogen refueling stations across California.