PT UPC Sidrap Bayu Energi (DFC-2016-PTUPCSIDRAPB)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
South Sulawesi
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • US International Development Finance Corporation (DFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Borrower
PT UPC Sidrap Bayu Energi
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 120.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Bank Documents
Primary Source

Original disclosure @ DFC website

Updated in EWS Jun 16, 2020

Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

According to the bank document, "The Project is the development, construction, commissioning and operation of a 75 MW wind farm in Indonesia. The Project expects to sell its electricity to PT Perusahaan Listrik Negara (Persero) pursuant to a 30-year power purchase agreement. The Project will be managed by UPC Renewables Group, a U.S.-based privately owned wind and solar energy company". 

Investment Description
  • US International Development Finance Corporation (DFC)
Financial Intermediary
A financial intermediary is a commercial bank or financial institution that receives funds from a development bank. A financial intermediary then lends these funds to their clients in the form of loans, bonds, guarantees and equity shares. Financial intermediaries include insurance, pension and equity funds.
Private Actors
Private Actors Description

Project's US sponsor is UPC Solar and Wind Investments LLC, a Delaware limited liability company.

Contact Information

*There is no information being disclosed at this stage of the project*