Indonesia: Japanese funding to push development of geothermal project in West Sumatra

Indonesia: Japanese funding to push development of geothermal project in
West Sumatra

With more than $440 million in combined funding, Japanese banks are pushing
the development of the Muara Laboh geothermal project in West Sumatra.

A recent article provides additional details regarding the financing of the
Muara Laboh geothermal project by Supreme Energy and French Engie in South
Solok, West Sumatra.

The article highlights the participation of the Japanese lenders that
provided up to $440 million in total.

The co-financing was led by the Japan Bank for International Co-operation
(JBIC), which has contributed US$198mn from its own book. The Asian
Development Bank (ADB) then led a syndicate of commercial banks on the rest
of the financing.

The syndicate was composed of Bank of Tokyo Mitsubishi UFJ (BTMU), Mizuho,
and Sumitomo Mitsui Banking Corp. (SMBC), with the commercial portion of the
debt being covered by Nippon Export and Investment Insurance (Nexi), a
Japanese government-owned agency.

With a planned capacity of 80 MW the project is one of the larger new
projects launched in Indonesia with likely more to come in the coming years.
The project also involves Sumitomo Corp. as EPC contractor for the project.

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Link to Original Article:
http://www.thinkgeoenergy.com/japanese-funding-to-push-development-of-geothe
rmal-project-in-west-sumatra/?utm_source=ThinkGeoEnergy+List&utm_campaign=35
e31bb880-TGE_Newsletter_RSS1_12_2015&utm_medium=email&utm_term=0_657e42f767-
35e31bb880-415237525

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com