BAM International bv has announced it will acquire Strukton International’s majority share in the joint venture Tidal Bridge BV, established in 2015 to develop floating power plants that convert tidal energy into electricity.
Energy Finance & Investment News in Indonesia
Indonesian state-owned utility PT PLN (Persero) has issued a request for proposals (RFP) for up to 1 GW geothermal projects. Interested parties are invited to submit bids to develop both geothermal steam fields and power plants with at least 5 MW capacity.
Power Construction Corporation of China (PowerChina) and PT Indonesia Kayan Hydropower Energy have signed a memorandum of understanding (MoU) to develop a hydropower project with a total investment of US$17.8 billion on the Kayan River in North Kalimantan, a province of Indonesia located on the island of Borneo.
The Japan Bank for International Cooperation (JBIC) has signed a loan agreement with PT Supreme Energy Rantau Dedap (SERD) for project finance amounting up to approximately US$188 million for the Rantau Dedap Geothermal Power Project in Indonesia. SERD is an Indonesian company partially owned by Marubeni Corporation and Tohoku Electric Power Co., Ltd.
IFC, a member of the World Bank Group, and Amundi, Europe’s largest asset manager, have announced the successful launch of the world’s largest targeted green bond fund focused on emerging markets, the Amundi Planet Emerging Green One (EGO).
The Asian Development Bank (ADB) has signed a loan equivalent of up with US$235 million to B.Grimm Power Public Company Limited, one of the largest power producers in Thailand, to develop and enhance renewable energy capacity in member countries of the Association of Southeast Asian Nations (ASEAN).
Indonesia’s state-owned diversified energy company PT Pertamina and Bangladesh Power Development Board (BPDB) have signed a memorandum of understanding (MoU) to develop an integrated gas project, comprising of a combined cycle gas turbine (CCGT) power plant with installed capacity of 1400 MW and a floating, storage and regasification unit (FSRU). The estimated total investment is US$2 billion.
Indonesian state-owned utility company PT PLN Persero (PLN) has secured financing for the construction of the 45 MW Kumbih 3 hydropower project. Kreditanstalt für Wiederaufbau (KfW) bank is to provide a US$99.9 million loan.
Abu Dhabi-based renewable energy company Masdar has signed a project development agreement with PT Pembangkitan Jawa-Bali, a unit of Indonesian state utility Perusahaan Listrik Negara, to build a 200 MW floating solar plant in the West Java province.
PT Medco Energi Tbk (MEDC) has agreed to acquire 77.68% shares of PT Saratoga Power. PT Saratoga Sentra Business and S Asia III Luxembourg S.A.R.L are the sellers for the acquisition of 784,840 shares in PT Saratoga Power representing 77.68% of all subscribed and paid up capital in PT Saratoga Power.
Tidal Bridge BV, a joint venture of Strukton International and DEC, has been awarded the Palmerah Tidal Bridge project in Indonesia.
Ratchaburi Electricity Generating Holding Public Company Limited (RATCH) announced its successful expansion into Indonesia by awarding the natural gas-fired combined-cycle Riau power plant with 275-MW capacity.
A consortium of Asian banks will provide US$3.36 billion in loans to support the expansion of the Tanjung Jati B coal-fired power plant project in Indonesia.
AC Energy Holdings, Inc., a wholly-owned subsidiary of Ayala Corporation, and its Indonesian joint venture partners have completed the acquisition of Chevron Corp.’s geothermal assets and operations in Indonesia
ENGIE Group has signed three partnership agreements in Jakarta to develop, co-finance, build, operate and maintain microgrid and other renewable energy projects in various parts of Indonesia, for a total value of US$1.25 billion over the next five years.
Korea Midland Power Co. (KOMIPO) has signed a joint development agreement (JDA) for the development of the Sipborpa Hydropower Project in Jakarta.
The Asian Development Bank signed a new US$109 million financing package for the Muara Laboh geothermal power generation project in western Indonesia.
PT. Tanjung Power Indonesia (TPI) has secured US$560 million in debt and equity financing for the construction of a 2 x 100-megawatt coal-fired power station in South Kalimantan, the southernmost province on the island of Borneo (Indonesia).
The Asian Development Bank (ADB) has signed a US$109 million project financing package for the 80 MW Muara Laboh geothermal power generation plant located in western Indonesia.
Ayala Group's subsidiary AC Energy Holdings Inc. has signed an agreement to develop a 75 MW wind power project in Indonesia, which is worth US$150 million.