This project involves a $70 million loan from ADB with $19.25 million Clean Technology Fund (CTF) concessional financing and a $20 million parallel loan funded through Leading Asia's Private Sector Infrastructure (LEAP) Fund.
Engie (France), Sumitomo (Japan), and Supreme Energy
$70 million loan
$20 million parallel loan funded through Leading Asia’s Private Sector Infrastructure (LEAP) Fund; a $19.25 million loan from the Clean Technology Fund (CTF)
- The project will develop, operate, and maintain geothermal steam resources and an 80 MW power generation unit in the Liki Pinangawan Muara Laboh concession area.
- The development of a baseload geothermal power plant and the avoidance of carbon emissions will help the government achieve sustainable growth targets through private sector investment.
- The project is cofinanced by the Japan Bank for International Cooperation and Nippon Export Investment and Insurance.
ADB’s value addition
- Through CTF concessional financing, motivate developers to complete more challenging exploration programs and reach financial close.
- Demonstrate the bankability of the new geothermal power purchase agreement and the replicability of structuring solutions to manage complexities and resource risks presented by geothermal independent power producers.
7 December 2016
This case study is originally published in Asian Development Bank Private Sector Operations, a brochure describing the work of ADB's Private Sector Operations Department, its main goal, sector focus, portfolios, and case studies on projects approved in 2016.Stay up to date Subscribe to our newsletter and get the latest issues, news, events, jobs and data in your e-mail inbox.