TIDAL BRIDGE BV awarded Palmerah Tidal Bridge project in Indonesia

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Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the Palmerah Tidal Bridge project in Indonesia. The Palmerah Tidal Bridge project has the National Strategic Project status, emphasizing the national interest. The project includes the construction of a floating bridge together with the world’s largest tidal power plant. The first phase of the project has a contract value up to $200 million and will be rolled out in two years.

Tidal Bridge B.V.

Tidal Bridge B.V.

“We are proud to use cutting-edge technology in realising this bridge with the largest tidal power plant in the world and be able to increase the living standard of the people with this project.”

Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the Palmerah Tidal Bridge project in Indonesia. The Palmerah Tidal Bridge project has the National Strategic Project status, emphasizing the national interest. The project includes the construction of a floating bridge together with the world’s largest tidal power plant. The first phase of the project has a contract value up to $ 200 million and will be rolled out in two years.

The first scope of work consists of the construction of the 800 meter Palmerah Bridge at Larantuka Strait, East Flores, and a tidal energy power plant with an installed capacity of 18 MW to 23 MW, providing energy for more than 100.000 people.

After realising the first phase, the project is followed by an extension and finalisation of the power plants to an installed capacity of 90 MW to 115 MW for more than half a million people. The total project duration is four years and the contract value amounts up to $ 550 million.

The project contributes to the development of the Eastern part of Indonesia and the connection between the islands by improving its infrastructure. Besides, it will have direct impact on the fishery and agro culture in the area, stimulate tourism and improve the access to education and health care on the longer term. The combination of the bridge with the tidal energy power plant makes this project unique in its kind. The planned location, Larantuka Strait, is highly suitable for the generation of tidal energy due to the water flows, and makes it possible for local people to benefit from the bridge in multiple ways.

This ground breaking project follows the signing of the Head of Agreement in April 2016. It is the first project as part of the Dutch - Indonesian cooperation in the area of water works. The floating bridge and tidal power plants are designed and realised by the Dutch company Tidal Bridge BV, in cooperation with international and local partners. The first design and construct phase will be completed end-2019.

Quote: Eric van den Eijnden, CEO Tidal Bridge.
“We are proud to use cutting-edge technology in realising this bridge with the largest tidal power plant in the world and be able to increase the living standard of the people with this project.”

Quote: André Hoogeveen, General manager Strukton Sustainable Energy.
“This milestone is an extraordinary momentum to show our knowledge and experience. It is great to have the opportunity to realize this state of the art product in Indonesia.”

Quote: Latif Gau, CEO Tidal Bridge Indonesia.
“The Indonesian government was pleasantly surprised by the inventiveness of the partners, which made sure we could very quickly move to the implementations phase.”

About Strukton
Strukton is passionate about technology, focusing on rail and civil engineering works and technology-driven specialist fields. The company distinguishes itself with a number of unique specialist fields geared towards the markets for rail systems, civil infrastructure and technique and buildings. Strukton’s mission is to contribute to the quality and safety of rail transport, road infrastructure and technical systems and buildings. Internationally, Strukton focuses on transport systems in densely populated areas, creating access to mining and port areas, and the transportation of energy. The company has some 6,500 employees and an annual revenue of EUR 1.9 billion.

About DEC
Dutch Expansion Capital (DEC) is an independent, investment firm seeking gems with sustainable innovations, which have a technology that are game changing, operate in growing end markets and can be life-changing. In 2013 DEC founded Startupbootcamp HighTechXL, invested in a turbine developer gaining relevant insights and international networks in the tidal business. The portfolio of DEC consists of twenty young fast growing companies.

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Eric van den Eijnden

Eric van den Eijnden
SMART SQUARE VENTURES B.V.

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