The Asian Development Bank (ADB) has signed a new $109 million financing package for the Muara Laboh geothermal power generation project in western Indonesia. On completion, the Muara Laboh geothermal facilities, located in West Sumatra, will generate 80 MW of electricity. The project will be one of the first transactions to receive funding from ADB’s newly established Leading Asia’s Private Infrastructure Fund (LEAP). The assistance is funded by a $70 million loan from ADB’s own capital and $19 million participation from the CTF. The project company, PT Supreme Energy Muara Laboh, is a joint venture (JV) of the Indonesian geothermal power developer PT Supreme Energy, Japanese trading and investment company, Sumitomo Corporation, and global energy leader ENGIE. In addition to ADB, financing is being provided by the Japan Bank for International Cooperation (JBIC) and a set of commercial banks under a guarantee from Nippon Export and Investment Insurance.
