IFLR1000

Hasang 39MW hydroelectric power plant PPP

28/10/2016
PPP, Project development, Project finance
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$ 147.5 million

Completed

28/10/2016

Overview:

  • Hasang 39MW hydroelectric power plant PPP
  • Titan Group, Binsar Natorang Energi and LG International are developing the 39MW Hasang hydroelectric power plant in North Sumatra, Indonesia.
  • The plant is scheduled for completion in 2019. 
  • A syndicate of banks is providing $147.5 million in project financing.
  • The Hasang project is part of the Indonesian Government's Fast Track II programme.
  • Korea Trade Insurance Corporation (K-sure), the Korea Development Bank, Société Générale, Société Générale and Sumitomo Mitsui Banking are providing project financing.

Wai Yee Tsang - Journalist

Jurisdiction:

Indonesia

Deal types:

PPP
Project development
Project finance

Practice areas:

Project finance
Project development

Industry sector:

Energy

Firms:
Assegaf Hamzah & Partners

Party: Korea Development Bank (Lender)

Party: Societe Generale (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Lawyers: Ibrahim Sjarief Assegaf, Kanya Satwika

Baker McKenzie Wong & Leow

Party: LG International (Sponsor)

Party: Titan Group (Project company)

Party: Binsar Natorang Energi (Project company)

Hadiputranto Hadinoto & Partners

Party: LG International (Sponsor)

Party: Titan Group (Project company)

Party: Binsar Natorang Energi (Project company)

Lawyer: Luke Devine (retired)

Milbank

Party: Korea Development Bank (Lender)

Party: Societe Generale (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: K-SURE - Korea Trade Insurance Corporation (Lender)

Lawyer: James Murray

WongPartnership

Party: K-SURE - Korea Trade Insurance Corporation (Lender)

Party: Societe Generale (Lender)

Party: Sumitomo Mitsui Banking Corporation (Lender)

Party: Korea Development Bank (Lender)

Lawyer: Alvin Chia

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