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Sorik Marapi Geothermal Power Plant

Sector: Road • Location: Indonesia

Source: World Bank Group

Project
Active

The project represent an investment in geothermal power plant with 240 MW capacity located in Mandailing Natal, North Sumatra. PT Sorik Marapi Geothermal Power is the special purpose vehicle undertaking the project on behalf of the sponsor Kaishan Group.

This is a BOO project benefiting from a long term (25 years) PPA with PLN as an independent power producer. Project is part of the One Belt One

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Project Information

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The project “Sorik Marapi Geothermal Power Plant” is an infrastructure initiative in the Road sector, located in Indonesia. Taiyo aggregates data on it from World Bank Group.

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Participants

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Description

Description

The project represent an investment in geothermal power plant with 240 MW capacity located in Mandailing Natal, North Sumatra. PT Sorik Marapi Geothermal Power is the special purpose vehicle undertaking the project on behalf of the sponsor Kaishan Group. This is a BOO project benefiting from a long term (25 years) PPA with PLN as an independent power producer. Project is part of the One Belt One Road - OBOR Initiative. Financing comprises a $244.8 million 10-year term loan. Lenders are Bank of China and Ex-Im Bank of China. Equity contribution is not disclosed as of January 2018. Financial close occurred on 23 October 2017. Based on WB library files Kaishan Group to be added to sponsors list - http://www.kaishan.com.cn/about_e.asp

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Source reliability

High

Data quality score

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Source

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URL

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