Tanah Laut Wind

pending

The project involves the development, construction, operation and maintenance of a greenfield 70 megawatt (MW) wind power plant with 10 megawatt hours (MWh) battery energy storage system (BESS) located in Tanah Laut Regency, South Kalimantan Province, Indonesia (the Project). PT Tala Alam Baru (“TAB”) will undertake the Project under a 25-year power purchase agreement (PPA) with PT Perusahaan Listrik Negara (Persero) (“PLN”), Indonesia’s state electricity company.      PT Tala Alam Baru will be 70% owned by PT Bayu Energi Listrik Lestari (PT BELL) and 30% owned by PLN Nusantara Renewables, the mandatory partner for the Project. PT BELL is 60% owned by TotalEnergies Renewables Development Asia Pte. Ltd., a wholly owned indirect subsidiary of TotalEnergies SE, and 40% owned by PT Adaro Wind Energy, a wholly owned indirect subsidiary of PT Adaro Energy Indonesia Tbk.                                                   The Project components include: 11 turbines of 6.6 MW each and a 10 MW/10 MWh BESS system; a step-up substation; approximately 5 km long overhead transmission line (OTL); PLN switching sub-station and approximately 400 m OTL to connect to grid; jetty (up to 250 x 30 m and 6000 m2 associated land clearing); about 7 km of internal roads and internal underground transmission lines.    TAB will engage two EPC contractors: responsible for the material transport and associated work (i.e., the construction of the jetty and upgrade of the road and bridges, as required, from the jetty to the WTG site) and one responsible for the construction of the electrical and civil works Balance of Plant for the wind farm and substations (including the transmission line). The total construction period will be a minimum of 18 months including the construction of a jetty, transportation of WTG parts, construction of internal roads, foundation work and erection of WTG, construction of the transmission line, and construction of the project and PLN sub substation and connecting the PLN substation to the grid.IFC is considering to provide: (i) an IFC A Loan of up to US$33.5 million; (ii) an IFC B Loan of up to US$10 million funded by B Loan Participants (commercial banks); (iii) a loan of up to US$33.5 million provided by IFC in its capacity as implementing entity of the Climate Investment Funds (CIF); (iv) a Viability Gap Funding (VGF) of up to US$3 million from IFC in its capacity as implementing entity of the Global Energy Alliance for People and Planet (GEAPP); and (v) a US$ interest rate swap, representing a Loan Equivalent Exposure of up to US$2 million.