">Corporate Financing to Acquire Shares of 3x2 MW Mini Hydro Power Plant (MHPP) Project
Project Summary
| Project Code | : | BREN-BAS453-10SLPP |
| Project | : | Corporate financing to acquire shares of 3x2 MW MHPP located in Kaur Regency, Bengkulu Province |
| Sector | : | Electricity |
| S&E Categorization | : | B |
| Location | : | Bengkulu |
| Status | : | Active |
| First Disclosure Date | : | January 2025 |
Summary
In December 2024, IIF signed an agreement to provide a Loan Facility to a Company engaged in renewable power plant sector. Previously, IIF provided a Senior Term Loan to the Company to develop a 2 MW Solar Power Plant located in North Gorontalo, which has been in operation since 2016. The facility was fully repaid in November 2023.
As part of the Company’s future corporate action to become a holding company for renewable energy projects, they plan to acquire shares in a 3×2 MW Mini Hydro Power Plant (MHPP) that has been operational since 2017. The MHPP is located in Kaur Regency, Bengkulu Province.
IIF support this plan with a new loan facility intended to provide equity for acquiring 40% of the shares in the MHPP project.
This investment is categorized as a Category B (medium risk) in term of Social and Environmental aspects as the potential risk and impact are limited and can be avoided and mitigated by adhering to IIF S&E Principles.
S&E Document
For further inquiry, please contact us at: [email protected]
Last Update: January 2025