PAU $830 million greenfield ammonia plant financing

Overview:

• Panca Amara Utama (PAU) has secured $830 million in financing a greenfield ammonia plant in Sulawesi, Indonesia.
• The $512 million debt package was provided by a consortium led by International Finance Corporation (IFC) and also comprised seven commercial banks, headquartered in five different countries across Asia and Europe. 
• The IFC is also taking an equity position in PAU in the form of a convertible loan.
• This landmark project represents the first locally-sponsored private ammonia plant in Indonesia and also the first major step in the government’s plans to develop the Sulawesi corridor. 

Katrin Kostadinova - Data analyst