Riau Natural Gas Power Project (ADB-50182-001)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
Tenayan Raya Dist., Pekanbaru City Regency, Riau Province, Central Sumatra
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
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
A
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. Medco Ratch Power Riau
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)
Guarantee, Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 150.00 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)
$ 75.00 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.
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 27, 2019

Disclosed by Bank May 18, 2018


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Project Description

The project entails construction, operation and maintenance of a 275 megawatt (MW) combined-cycle gas-fired power plant (CCGT), located in Tenayan Raya District, Pekanbaru City Regency, Riau Province in the central part of Sumatra, and including a gas pipeline of approximately 40 km, a transmission line of approximately 700 m, and associated facilities. 

The project entails construction, operation and maintenance of a 275 MW CCGT, and including a gas pipeline of approximately 40-42 km, a transmission line of approximately 500 m, and associated facilities. The project will be developed and implemented under a 20-year power purchase agreement (PPA) with the Indonesian utility company PLN.

Investment Description
  • Asian Development Bank (ADB)

Ordinary capital resources (ADB Loan) USD 75.00 million Proposed

Guarantee (ADB B-Loan) USD 75.00 million Proposed

Private Actors

According to the corporate's news "PT Perusahaan Listrik Negara (“PLN”) and the PT Medco Ratch Power Riau (“MRPR”); - which is the consortium company of PT Medco Power Indonesia (“MPI”) and the Ratchaburi Electricity Generating Holding Plc (“RATCH”) of Thailand; - announced today the signing of a Power Purchase Agreement (PPA) for the Independent Power Producer (IPP) of the 275 MW Gas Fired Power Plant in the province of Riau." 

Contact Information

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

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main