Académique Documents
Professionnel Documents
Culture Documents
Panel Discussion on
Investing in a more governance SOEs’ Projects
PLN was established in 1945 with full ownership of Republic of Indonesia of 100%.
PLN provides most of all public electricity and electricity infrastructure in Indonesia and operates across the entire value chain, from power generation and construction of power plants, to
transmission, distribution and retail sales of electricity.
As of 30 th June 2018, PLN had install capacity around 43,610 MW (exclude IPP) and served around 69.7 million customer in Indonesia.
42 43 43 44
1,314 1,272 1,335 1,355 255 35,000 MW procurement process is planned to complete by the end of 2021
217 223
Rp1.127 trillion of total inves tment is requi red to fund the 35,000 MW power
132 pl a nt
122
510 466 487
13 13 394
9
11
By 30 Jun 2018, opera ting power plant capaci ty is 2.311 MW ya ng tha t consists
6 8 2 4
(5) of 1.238,9 PLN a nd 1.071,8 MW IPP
2015 2016 2017 1H18 2015 2016 2017 1H2018 2015 2016 1H2017 2017 1H2018
www.pln.co.id |
Investment Funding Needs 2018-2023*
169.06
150.00
133.33
123.28 125.35
100.00
250.00
50.00
200.00
-
Des 2018 Des 2019 Des 2020 Des 2021 Des 2022 Des 2023
150.00
Gap Funding
100.00
50.00
Commited loan
& others
-
Des 2018 Des 2019 Des 2020 Des 2021 Des 2022 Des 2023
www.pln.co.id | 03
Funding Strategy
Types of Investment for Foreign Loan
www.pln.co.id |
Types of Lendings
Using Lender’s
Procurement Guidelines Using PLN’s Procurement Guidelines Using Lender’s Procurement Guidelines
Loan Agreement is signed after all the requirements Loan Agreement dapat ditandatangani tanpa
from Lender are fulfilled menunggu semua List Project telah memenuhi
The Loan Agreement is signed after the Program persyaratan Lender
Indicator is agreed by PLN and Lenders
If the funded project is constrained and must be
replaced, an LA Amendment must be made If the project to be funded is constrained and
must be replaced, there is no need for an LA
Amendment
Currently only for distribution programs
The Funding Process must be carried out serially
Aplicable for Transmission and Power Plant
Projects
www.pln.co.id |
General characteristics of Investment
Direct Lending
Sub Loan Direct Lending
Export Credit without Local Bank
1 Agreement 2 Agency (ECA) 3 with Sovereign 4 5 6 Global Bond
Sovereign Syndication
(SLA) Guarantee
Guarantee
Tenor > 20 Tahun < 20 Tahun < 25 tahun < 20 Tahun < 15 tahun < 30 tahun
Interest Rate 0.01% - 2.5% 2% - 4% 2% - 2.5% 2% - 4% 8% -12% (IDR) Market rate (6% -
10%)
Type of Project Large Usually for Peaker *Minimum USD 300 *USD 100-300 millon Small-scale projects To meet Gap
investment and long Power Plant million *Projects that require and prioritizing local Funding from PLN's
construction period *Financing Program fast execution components Internal Fund
(RBL/PforR)
www.pln.co.id |
THANK YOU