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

Countries
  • Indonesia
Geographic location 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
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."
Voting Date
Mar 23, 2018
Date when project documentation and funding is reviewed by the Board for consideration and approval. Some development banks will state a "board date" or "decision date." When funding approval is obtained, the legal documents are accepted and signed, the implementation phase begins.
Borrower
PT Supreme Energy Rantau Dedap
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)
Loan
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 227.50 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)
$ 227.50 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
Media Documents
Primary Source

Original disclosure @ ADB website

Updated in EWS Jun 25, 2020

Disclosed by Bank Dec 13, 2016

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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.

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
Here you can find a list of individual development financial institutions that finance the project.

Clean Technology Fund       US$ 50.00 million (Approved)

Ordinary capital resources  US$ 177.50 million (Approved)

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Engie Electrabel SA Parent Company -
- - - - Fuji Electric Co., Ltd Contractor -
- - - - Marubeni Corporation Parent Company -
- - - - Perusahaan Listrik Negara (PLN) Buyer -
- - - - PT Supreme Energy Parent Company -
- - - - PT Supreme Energy Rantau Dedap Client -
- - - - PT. Rekayasa Industri Contractor -
- - - - Tohoku Electric Power 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.

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

How it works

How it works