Sector : Electricity

Sub-Sector: Power Plant

Description:

This project is the development of coal-fried power plant in Batang Regency, Central Java with capacity of 2x1,000 MW. It is considered as the largest PPP electricity project by capacity in Asia.

Estimated Project Cost : USD 4,200.0 million

Financial Feasibility:

FIRR : 11.12%

NPV : USD 938.7 million

Estimated Concession

Period : 25 Years

Government Contracting Agency

: Indonesia Electricity Company (PT. PLN (Persero))

Contact Person

: Mr. Sofyan Basir, President Director

+62-21 7251234

Project Status:

Financial close on June 6th 2016 with PT. Bhimasena Power Indonesia as the investor. Construction progress has reached 25% by September 2017.

Investors:

Consortium of PT. J-Power, Adaro Power, Itochu Corporation

Financier:

PT Bank Mandiri

Indicative Government Support & Guarantee:

Land acquisition, Capacity Payment (CP) and Availability Payment (AP). Government guarantee by IIGF.

Implementation Schedule (Estimation):

Indicative Project Structure