Loading grant details…
China Development Bank supports China Chengda Engineering Co. Ltd.'s issuing of $140 million supplier credit for 200MW Jeneponto Coal-Fired Power Plant Construction Project
| Funder | China Development Bank (CDB) |
|---|---|
| Recipient Organization | China Chengda Engineering Co. Ltd|PT Bosowa Energi (Bosowa Corporation) |
| Country | Indonesia |
| Start Date | Jul 02, 2007 |
| End Date | Jul 01, 2033 |
| Duration | 9,496 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 61675 |
Grant Description
China Development Bank supports China Chengda Engineering Co.
Ltd.'s issuing of $140 million supplier credit for 200MW Jeneponto Coal-Fired Power Plant Construction Project In 2007, China Chengda Engineering Co.
Ltd. — a Chinese state-owned company — and PT Bosowa Energi (Bosowa Corporation) signed a $140 million supplier credit (loan) agreement for the 200MW Jeneponto Coal-Fired Power Plant Construction Project.
China Chengda Engineering Co.
Ltd., in turn, secured a loan (most likely an export seller’s credit) with a 10-year maturity from China Development Bank (CDB) in order to finance the supplier credit. Bank Rakyat Indonesia (BRI) also issued a $60 million loan in support of the $200 million project.
The purpose of the project was to install a 200-megawatt (MW) coal-fired power plant — with two 100MW generators (Unit 1 and Unit 2) — in Punagayya Village, Bangkala District, Jeneponto Regency, and South Sulawesi Province (exact locational coordinates: -5.6180, 119.5488). China Chengda Engineering Co.
Ltd. was the EPC contractor responsible for implementation. On August 19, 2007, a formal groundbreaking ceremony was held. The power plant was initially planned to be completed in 2009.
However, the project was temporarily halted when CDB suspended loan disbursements pending the outcome of another project. The plant was officially inaugurated on December 19, 2012.
Chinese Ambassador to Indonesia, Liu Jian Chao, attended the inauguration ceremony and said that ‘This project was built on a cooperation agreement between the Chinese government and the Indonesian government. We are committed to continuing to assist infrastructure development in this country.’
Staff Comments
1. This project is also known as the Jeneponto 2x100MW Coal-Fired Power Station Project or the PLTU Punagaya Jeneponto 2x125 MW Project. The Indonesian project title is Proyek PLTU Jeneponto. The Chinese project title is 的印尼杰纳旁托燃煤电站项目. PT Bosowa Energi (Bosowa Corporation) is a private Indonesian company.
Sources & References
- Groundbreaking ceremony for the coal-fired power station project in Jena
- Indonesia, built by China Chengda Company
- Pemerintah Tidak Jamin Proyek PLTU Jeneponto
- Jeneponto Molor power plant project to 2011
- RI-Cina Teken Kontrak Proyek Energi US$ 3,56 Miliar
- Bosowa Kantongi Pinjaman US$ 140 juta dari CDB
- Indonesia BNI aims to spin off sharia unit in first half
- Bangun Pembangkit
- Bosowa Kantongi Kredit US$ 140 Juta dari China
- PLTU JENEPONTO: Investasi Rp3 Triliun
- Bosowa Siap Garap PLTU Unit 2 Artikel ini telah tayang di Bisnis.com dengan judul 'PLTU JENEPONTO: Investasi Rp3 Triliun
- Bosowa Siap Garap PLTU Unit 2 '
- Klik selengkapnya di sini: https://ekonomi.bisnis.com/read/20121219/44/110615/pltu-jeneponto-investasi-rp3-triliun-bosowa-siap-garap-pltu-unit-2. Author: News Editor Editor : Yanita Petriella Download aplikasi Bisnis.com terbaru untuk akses lebih cepat dan nyaman di sini: Android: http://bit.ly/AppsBisniscomPS iOS: http://bit.ly/AppsBisniscomIOS
- Jeneponto PLTU
- Peran Penting China di Proyek PLTU Jeneponto
- Bosowa Bangun PLTU Unit IIIdi Jeneponto
- Bosowa Kantongi Pinjaman US$ 140 Juta Dari China
- Megaproyek PLTU Bosowa Diresmikan Hari Ini Artikel ini telah tayang di Tribunnews.com dengan judul Megaproyek PLTU Bosowa Diresmikan Hari Ini, https://www.tribunnews.com/bisnis/2012/12/19/megaproyek-pltu-bosowa-diresmikan-hari-ini. Editor: Hendra Gunawan Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
China Chengda Engineering Co. Ltd|PT Bosowa Energi (Bosowa Corporation)
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
