Indonesia IPP first sets state guarantee precedent

The Banten independent power producer is the first Indonesia power deal that did not require government guarantees for the obligations of state utility PLN under the power purchase agreement (PPA)

While many power project financing have closed in Indonesia, all have required government support for PLN’s off-take. This could mean anything from a direct government guarantee to a business viability guarantee letter (BVGL), first introduced with the Wampu Hydro Electric Power Project

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Posted February 8, 2014 by repit in News

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