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.