Investor Presentaiton
Case Studies - Infrastructure
AFG: Kandahar Solar Power Project
THA: Bangkok Mass Rapid Transit Project (Pink and Yellow
Lines)
Client: Barakat Kandahar Solar Energy (BKSE)
ADB Assistance: $4.0m loan; $3.85m loan from Canadian Climate Fund for the
Private Sector in Asia II
Key Features:
The project will build, operate and maintain a 15 MW (direct current) ground-
mounted solar power plant located in southern Afghanistan, about 24 km
southwest of Kandahar. Main project components include (i) about 55,000
photovoltaic panels and 100 inverters; and (ii) a 6 km transmission line.
The project is part of several initiatives undertaken by Afghanistan's Ministry
of Energy and Water to increase investment in the renewable energy industry
in the country. 77 Afghanistan, BKSE's majority owner (90%), was selected
among the bidders to implement the project and subsequently entered into a
20-year power purchase agreement (PPA). The PPA will be transferred to BKSE.
The remaining shares of BKSE are owned by Burak Unsal of 77 Construction,
Contracting and Trading Co.
ADB's Value Addition:
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Provide long-term financing for private sector solar projects not readily
available in Afghanistan.
ADB's support, along with its ability to mobilize loans from CFPS II are crucial
to meet major market gaps and establish project viability.
Ensure adoption of international best practices in environmental and
safeguards management.
Approval Date: 2 April 2019
Commitment Date: 17 May 2019
Client: BSR Joint Venture
ADB Assistance: $311m loans equivalent in baht
Key Features:
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The project will construct and operate two mass rapid transit (MRT) monorail
lines, Pink Line and Yellow Line. The Pink Line will operate in Bangkok and
Nonthaburi province with a total length of about 34.5 km while the Yellow Line
will operate in Bangkok and Sumut Prakarn province with a total length of
about 30 km.
Through a PPP net cost scheme, the government is responsible for the
provision of land and rights of way, as well as the subsidy payment, while the
private sector invests in civil works, mechanical and equipment systems, and
rolling stock, as well as operation and maintenance.
BSR Joint Venture comprises BTS Group, Sino-Thai Engineering and
Construction Public Company (STECON) and Ratchaburi Electricity Generating
Holding Public Company (RATCH). The concession was awarded to BSR through
a competitive and transparent tender process.
ADB will provide a loan with longer tenor ("ridership ramp-up tranche") to
mitigate the ridership risk following the expiry of the government subsidy.
ADB's Value Addition:
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Signal confidence to other financiers and investors and catalyze commercial
financing to the MRT sector through the innovative "ridership ramp-up
tranche".
By supporting the Thai MRT sector from both private sector and public sector
(South Purple Line) operations, contribute to the promotion of the PPP
schemes, and give assurance to the government that ADB's support is available
regardless of the PPP scheme applied to individual lines.
Approval Date: 5 June 2018
Commitment Date: 30 May 2019
7 October 2019
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