Rantau Dedap Geothermal Power Project (Phase 2) (ADB-50330-001)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Specific Location
South 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
Approved
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.
Voting Date
Mar 23, 2018
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
PT Supreme Energy Rantau Dedap
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)
$ 227.50 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)
$ 227.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 27, 2019

Disclosed by Bank Dec 13, 2016


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Project Description

According to the bank document, the project will develop geothermal steam resources through production and injection facilities and construct, operate, and maintain a power generation plant with a total capacity of approximately 90 megawatts (MW) in South Sumatra. 

The project will develop geothermal steam resources through production and injection facilities and construct, operate, and maintain a power generation plant with a total capacity of approximately 90 megawatts (MW). The project is located in the Muara Enim, Rahat Regencies and Pagar Alam City, approximately 290 kilometers (km) from Palembang, the capital city of South Sumatra Province.

The project will be developed and implemented under a 30-year power purchase agreement (PPA) with PLN (the off-taker) and 15-year support from the Ministry of Finance, as stipulated under a business viability guarantee letter (BVGL). It is intended for base load operation. PLN will develop a 40 km of 150 kV transmission line from the plant site to the 150 kilovolts (kV) Lumut Balai substation.

Investment Description
  • Asian Development Bank (ADB)

Clean Technology Fund       US$ 50.00 million (Approved)

Ordinary capital resources  US$ 177.50 million (Approved)

Private Actors
Contact Information

Responsible ADB Department: Private Sector Operations Department

Responsible ADB Division: Infrastructure Finance Division 2

Responsible ADB Officer: Dovan, David

*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