IFLR1000

PLTU Batang 2000MW coal-fired power plant

16/6/2016
Project finance
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$ 4.4 billion

Announced

16/6/2016

Overview:

  • PLTU Batang is a 2x1000MW coal-fired power station by Bhimasena Power Indonesia (BPI) under construction in Central Java.
  • It is the first IPP project which is developed using a Public Private Partnership (PPP) scheme.   
  • JBIC and a consortium of lenders have financed Bhimasena Power Indonesia with $4.4 billion for its construction.
  • This will be the largest coal plant in Indonesia, and its power will be sold to Indonesia's state-owned utility.
  • Bhimasena Power Indonesia brought together two Japanese and one Indonesian energy company to operate the coal plant.

Katrin Kostadinova - Data analyst

 

 

 

Jurisdictions:

Indonesia
Singapore

Deal type:

Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy

Firms:
ABNR Counsellors at Law

Party: JBIC (Lender)

Lawyer: Emir Nurmansyah

Milbank

Party: DBS Bank (Lender)

Party: Société Générale (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: Sumitomo Mitsui Trust Bank (Lender)

Party: The Bank of Tokyo-Mitsubishi UFJ (Lender)

Party: Mizuho Bank (Lender)

Party: Mitsubishi UFJ Trust and Banking Corporation (Lender)

Party: The Norinchukin Bank (Lender)

Party: JBIC (Lender)

Party: Overseas Chinese Banking Corporation (Lender)

Party: Aozora Bank (Lender)

Party: Shinsei Bank (Lender)

Lawyer: James Murray

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