Investor Presentaiton
INO: Riau Natural Gas Power Project
Country
Borrower
PT Medco Ratch Power
Riau
Indonesia
Energy
Parallel Debt
Sector
Investment Type
Commitment Date 20 March 2019
ADB
$70 million
Transaction Highlights:
$20 million loan for the construction of a 275 MW combined-cycle
gas turbine power plant and ancillary infrastructure in Riau
province in Central Sumatra, Indonesia.
Project is being implemented through PT. Medco Ratch Power Riau,
owned by PT. Medco Power, a leading developer and operator of
small and medium-sized independent power producers (IPP) in the
country, and Ratchaburi Electricity Generating Holding Public
Company Limited, Thailand's largest IPP.
Development Impacts:
Power plant is expected to provide stable and reliable power to the
domestic grid, amounting to about 1,445 gigawatt hours annually.
The use of combined-cycle gas-fired power generation will improve
the environmental sustainability of the current energy mix in
Sumatra by displacing diesel and coal as fuels for electricity
generation.
The project will also contribute to lowering the average power
generation cost in Sumatra.
LEAP
7 October 2019
$20 million
557
57
ADBView entire presentation