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

Countries
  • Indonesia
Geographic location 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
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
A
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
Borrower
PT. Medco Ratch Power Riau
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
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, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 150.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. 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, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Bank Documents
Corporate Actor Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank May 18, 2018

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

Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed 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
Here you can find a list of individual development financial institutions that finance the project.

Ordinary capital resources (ADB Loan) USD 75.00 million Proposed

Guarantee (ADB B-Loan) USD 75.00 million Proposed

Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

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." 

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Medco Ratch Power Riau (MRPR) Client -
- - - - PT Medco Energi Internasional Tbk Parent Company -
- - - - Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) Parent Company -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

*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

How it works

How it works