Tabalong 200MW Coal Power Project

Overview:

• Tabalong 200MW Coal Power Project.
• The project consists of a 2x100MW coal fired power plant in South Kalimantan, with a total cost of $545 million.
• The plant will be built under a BOOT concession for 25 years and is guaranteed by the Government of Indonesia
• Tanjung Power Indonesia (TPI) has taken out $422 million in financing from six commercial banks to fund the project.
• Korea Development Bank, the Bank of Tokyo-Mitsubishi UFJ, DBS Bank, Mizuho Bank, Sumitomo Mitsui Banking Corporation and HSBC are the lenders.   
• The financing consists of $422 million divided into a $401 million facility insured by K-Sure and an uncovered $21 million facility from Korea Development. 
• TPI is owned by a consortium of Adaro Power (65%) and East-West Power Indonesia (35%).

Wai Yee Tsang - Journalist