Tanah Laut Wind (IFC-47420)

Regions
  • East Asia and Pacific
Geographic location where the impacts of the investment may be experienced.
Countries
  • Indonesia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Tanah Laut Regency, South Kalimantan Province
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
  • International Finance Corporation (IFC)
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
B
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
Jun 28, 2024
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 Tala Alam Baru
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
Sectors
  • Energy
  • Infrastructure
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)
$ 72.00 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)
$ 72.00 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)
$ 120.00 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
Primary Source

Original disclosure @ IFC website

Updated in EWS Jul 2, 2024

Disclosed by Bank May 24, 2024

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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.

As stated by the IFC, the project involves the development, construction, operation and maintenance of a greenfield 70 megawatt (MW) wind power plant with 10 megawatt hours (MWh) battery energy storage system (BESS) located in Tanah Laut Regency, South Kalimantan Province, Indonesia.

The Project components include: 11 turbines of 6.6 MW each and a 10 MW/10 MWh BESS system; a step-up substation; approximately 5 km long overhead transmission line (OTL); PLN switching sub-station and approximately 400 m OTL to connect to grid; jetty (up to 250 x 30 m and 6000 m2 associated land clearing); about 7 km of internal roads and internal underground transmission lines.   

TAB will engage two EPC contractors: responsible for the material transport and associated work (i.e., the construction of the jetty and upgrade of the road and bridges, as required, from the jetty to the WTG site) and one responsible for the construction of the electrical and civil works Balance of Plant for the wind farm and substations (including the transmission line).
The total construction period will be a minimum of 18 months including the construction of a jetty, transportation of WTG parts, construction of internal roads, foundation work and erection of WTG, construction of the transmission line, and construction of the project and PLN sub substation and connecting the PLN substation to the grid.

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

As stated by the IFC, the total Project cost is estimated at US$120 million. The proposed IFC investment consists of (i) an IFC A Loan of up to US$33.5 million; (ii) an IFC B Loan of up to US$10 million funded by B Loan Participants (commercial banks); (iii) a loan of up to US$33.5 million provided by IFC in its capacity as implementing entity of the Climate Investment Funds (CIF); (iv) a Viability Gap Funding (VGF) of up to US$3 million from IFC in its capacity as implementing entity of the Global Energy Alliance for People and Planet (GEAPP); and (v) a US$ interest rate swap, representing a Loan Equivalent Exposure of up to US$2 million.  

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.

As stated by the IFC, PT Tala Alam Baru will be 70% owned by PT Bayu Energi Listrik Lestari (PT BELL) and 30% owned by PLN Nusantara Renewables, the mandatory partner for the Project. PT BELL is 60% owned by TotalEnergies Renewables Development Asia Pte. Ltd., a wholly owned indirect subsidiary of TotalEnergies SE, and 40% owned by PT Adaro Wind Energy, a wholly owned indirect subsidiary of PT Adaro Energy Indonesia Tbk.  

PT Tala Alam Baru will undertake the Project under a 25-year power purchase agreement with PT Perusahaan Listrik Negara (Persero), Indonesia’s state electricity company.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - PT Adaro Energy Indonesia Tbk Investor Energy
- - - - PT PLN Persero Buyer Energy
PLN Nusantara Renewables Parent Company Energy contracts with Total Energies SE Parent Company Energy

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.

Client - PT Tala Alam Baru:

Matheson Croyston - Senior Project Manager
Sony Akbar Wibowo - Government and External Relation
Phone: +62 823 3195 1022 / +62 811 4161 840
Email: matheson.croyston@totalenergies.com
Address: Suite 11H, Level 11, Equity Tower, Jl Jendral Sudirman, SCBD, Jakarta 12190 

ACCESS TO INFORMATION

You can submit a request for information disclosure at: https://disclosures.ifc.org/#/inquiries

If you believe that your request for information from IFC has been unreasonably denied, or that this Policy has been interpreted incorrectly, you can submit a complaint at the link above to IFC's Access to Information Policy Advisor, who reports directly to IFC's Executive Vice President.

ACCOUNTABILITY MECHANISM OF IFC/MIGA

The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org

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