Special Purpose Vehicles owned by Vena Energy Eastern Indonesia Renewable Energy Project (Phase 2) (Indonesia)

2023-06

Asian Development Bank (ADB)

On 11 April 2018, the Asian Development Bank (ADB) approved a 20-year loan of $12.49 million from ADB’s ordinary capital resources for the development and construction of four solar power plants in Lombok and North Sulawesi, with a combined capacity of 42 megawatts (MWp). ADB was the sole lead arranger, not only providing the ordinary capital resources loan but also administering $5.78 million from Leading Asia’s Private Sector Infrastructure Fund (LEAP) and $21.9 million from Canadian Climate Fund for the Private Sector in Asia II (CFPS II). Under a 20-year power purchase agreement (PPA) with Perseroan Terbatas (PT) Perusahaan Listrik Negara (PLN), the project is among the first utility-scale solar independent power producers in Indonesia.

2018-04-11