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JAVA 9-10 A KOREAN FORCED INVESTMENT IN THE MIDST OF A CLIMATE AND HUMANITARIAN DISASTER
The report examines the Java 9 and 10 Coal Power Plant (CPP) projects in Cilegon, Banten, funded by South Korean institutions including K-Exim, KDB, and K-Sure. It argues the investment is 'forced' and 'unprofitable,' citing a KDI pre-feasibility study showing a negative NPV for KEPCO. The document highlights severe health impacts in Banten, where Acute Respiratory Infection (ARI) is prevalent, and notes that the projects exacerbate air pollution and increase vulnerability to pandemics like Covid-19. It further criticizes the use of Ultra Super Critical (USC) technology as insufficient for carbon reduction and points to the risk of natural disasters, such as tsunamis, given the plants' coastal locations. The report concludes that the investment violates South Korea's 'Green New Deal' and calls for the Indonesian government to cancel the projects in favor of renewable energy.
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Document type: Report