Tabalong 200MW Coal Power Project

23/1/2017
Project development, Project finance

$ 545 million

Announced

23/1/2017


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

Jurisdiction:

Indonesia

Deal types:

Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy


Firms:

Party: PT Adaro Indonesia (Sponsor)

Party: Korea East-West Power (Sponsor)


Party: Korea Trade Insurance Company (K-Sure) (Guarantor)

Party: Korea Development Bank (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: DBS Bank (Lender)

Party: Mizuho Bank (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: HSBC (Lender)