ICBC contributes to a $75 million syndicated loan for 250MW Morowali Coal-Fired Power Plant Construction Project (Linked to Record ID#95717)

📋 Staff Comments

1. The borrowing institution may be PT. Indonesia Tsingshan Stainless Steel (ITSS), a special purpose vehicle and subsidiary of Tsingshan Holding Group (青山控股集团有限公司). This issue warrants further investigation.
2. The individual contribution of two lenders to this $75 million USD syndicated loan is unknown. For the time being, AidData has estimated the contribution of CDB and ICBC by assuming that each lender contributed an equal amount ($37,500,000 USD) to the syndicated loan.

📚 Sources & References

• DeHeng Advised China Development Bank and ICBC Indonesia on a Combined Loan of USD 75 Million to Tsingshan Holdings Group
• DeHeng Advised China Development Bank and ICBC Indonesia on a Combined Loan of USD 75 Million to Tsingshan Holdings Group
• DECARBONIZING CAPTIVE COAL POWER PLANTS IN INDONESIA AND IMPLICATIONS FOR CHINESE STAKEHOLDERS: TRENDS
• CHALLENGES AND OPPORTUNITIES
• Sulawesi Mining power station Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.