PT Medco Ratch Power Riau

PT Medco Ratch Power Riau / Riau Natural Gas Power Project - ADB Loan

Industry
Power/Gas-fired combined cycle
Area of finance
Project & Infrastructure Finance
Country
Indonesia

Deal Overview

- first joint financing of an Indonesian IPP by ADB and IFC; - commercial banks participated through ADB’s B Loan product;- unlike the majority of the ECA/DFI financed IPPs in Indonesia to date, this deal does not benefit from a Government guarantee of PLN’s...

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- first joint financing of an Indonesian IPP by ADB and IFC; 

- commercial banks participated through ADB’s B Loan product;

- unlike the majority of the ECA/DFI financed IPPs in Indonesia to date, this deal does not benefit from a Government guarantee of PLN’s obligations; and 

 - this is one of the first of a new generation of gas fired IPPs in which PLN takes responsibility for supplying the gas; although the Project Company takes responsibility for constructing and operating a 40km stretch of gas pipeline connecting to the power plant.

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Deal Volume
$ 222m
Financial Close
22 March 2019

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Tranches


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Projects

Riau Natural Gas Power Project

Greenfield
Gas-fired
Indonesia
$ 293m