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DFI PROJECTFINANCIAL INTERMEDIARYSUBPROJECT: COMPANYSUBPROJECT: COAL PLANTUNITNEW COAL CAPACITY (MW)STATUS
(as of Sept. 8th, 2023)		NOTESLocation in IndonesiaDFIPostal savings loans amounts in RMB
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IFC made a $300 million equity investment in Postal Savings Bank of China in June 2015.Postal Savings Bank of China provided a 123 billion RMB ($16.8 billion) credit line to China Huadian Corporation that remains open, according to an August 2023 bond prospectus. Postal Savings Bank has also underwritten more than $1 billion in China Huadian debt and equity securities, according to the Global Coal Exit List.China Huadian Corporation has 17.5GW of coal expansion plans and an installed coal capacity of 89GW, according to the Global Coal Exit List.China Huadian Corporation is developing the 700MW Jambi 2 Mine Mouth coal plant in Indonesia. China Huadian has also signed a power purchase agreement for the project, according to BHI. In January 2022, China Huadian said it was withdrawing from the project per President Xi's no coal pledge, although there is no evidence that it has formally withdrawn.Unit 1350permittedSumatraIFC123,000,000,000.00
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Unit 2350permitted
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Bangko Tengah (SS-8), also known as South Sumatra 8 or Sumsel-8, is a coal-fired power station in Indonesia. In February 2023, it was reported that construction had reached 98% completion. China Huadian Corporation owns 55% of the plant through a subsidiary, according to the Global Energy Monitor as of September 2023. Unit 1600PlannedSumatraIFC
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Unit 2600Planned
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IFC made a $300 million equity investment in Postal Savings Bank of China in June 2015.Postal Savings Bank of China provided a 110 billion RMB ($15 billion) credit line to China Datang Corporation Ltd. that remains open, according to a February 2022 bond prospectus. Postal Savings Bank has underwritten $385 million in China Datang debt and equity securities, according to the Global Coal Exit list.China Datang has 18.1GW of coal expansion plans and an installed coal capacity of 99.9GW, according to the Global Coal Exit List.China Datang is developing Nagan Raya power station's 400 MW expansion via a subsidiary, according to the Global Energy Monitor as of September 6th, 2023. Unit 3200ConstructionSumatraIFC110,000,000,000.00
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Unit 4200Construction
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China Datang owns a 75% stake in PT DSSP Power Mas Utama, the developer of the Kalselteng-1 power station (also called Kalteng-1), according to the Global Energy Monitor as of September 6th, 2023, and a 2020 media report. The power plant was commissioned in 2020, according to the DSS Energy and Infrastructure.Unit 1100OperatingSumatraIFC
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Unit 2100Operating
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IFC made a $300 million equity investment in Postal Savings Bank of China in June 2015.Postal Savings Bank of China provided a 110 billion RMB ($15 billion) credit line to China Energy Investment Corporation that remains open, according to a February 2022 bond prospectus. Postal Savings Bank has underwritten $310 million in China Energy Investment Corporation debt and equity securities, according to the Global Coal Exit List.China Energy Investment Corporation has 26.3GW of coal expansion plans and an installed coal capacity of 188.3GW, according to the Global Coal Exit List.Java 7 Coal Fired Power Plant is a 2,100MW coal plant, according to China's State-owned Assets Supervision and Administration Commission of the State Council. China Energy Investment Corporation is a developer of the project through a 70% equity stake, according to the Global Energy Monitor as of September 7th, 2023. The project became operational in March 2020, according to the State-owned Assets Supervision and Administration Commission of the State Council.Unit 1991OperatingJavaIFC110,000,000,000.00
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Unit 2991Operating
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China Energy owns the proposed 600 MW Sumsel-1 (South Sumatra 1) power plant, which is under construction, according to the Global Energy Monitor as of September 7th, 2023. Its holding is through China Shenhua Energy, which is now part of China Energy. The plant is expected to enter into operation in December 2023, according to media reports.Unit 1300ConstructionSumatraIFC
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Unit 2300Construction
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IFC made a $15 million equity investment in KEB Hana Indonesia
in April 2019.
KEB Hana Indonesia joined a $530 million project loan to Halmahera Jaya Feronikell, which is involved in nickel production on Obi Island, Indonesia. (Source: Bloomberg)N/A, project financeIn April 2022, KEB Hana Indonesia was mandated arranger in a $530 million project loan to Halmahera Jaya Feronikell, which is building a nickel smelter on Obi Island, Indonesia. (Source: Bloomberg) Nickel smelting on Obi Island is powered by dedicated coal plants. There are plans to expand nickel-related captive coal production on the island from 60MW to 4200MW, according to the Global Energy Monitor as of September 7th, 2023. Phase I, Unit 130OperatingThe body of the profile states that the total coal capacity for the plant would amount to 4,200 MW. However, this project entry follows the capacity breakdown for each unit following "Table 2: Unit-level details" under the project details section. Obi IslandIFC
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Phase I, Unit 230Operating
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Phase I, Unit 360Construction
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Phase II, Unit 1150Operating
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Phase II, Unit 2150Operating
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Phase II, Unit 3150Construction
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Phase II, Unit 4150Pre-Permit
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Phase III, Unit 5380Pre-Permit
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Phase III, Unit 6380Pre-Permit
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Phase III, Unit 7380Pre-Permit
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Phase III, Unit 8380Pre-Permit
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KEB Hana Indonesia joined a $2.6 billion project loan for the Java 9 & 10 coal plant in June 2020. (Source: Refinitiv)N/A, project financeThe Java 9 & 10 is a 2,000 MW coal plant and is currently under construction, according to the Global Energy Monitor as of September 7th, 2023.Unit 91000ConstructionJavaIFC
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Unit 101000Construction
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IFC made a $100 million equity investment in the China-ASEAN Investment Cooperation Fund in May 2011.The China-ASEAN Investment Cooperation Fund holds stakes in PT Indonesia Morowali Industrial Park. This company manages the Morowali nickel complex and PT Sulawesi Mining Investment, which runs nickel smelting facilities at the complex, according to a 2022 investigation for the European Commission. A recent expansion will provide 1080 MW of coal-fired to PT Sulawesi Mining Investment's nickel smelting facilities, according to the Global Energy Monitor as of September 7th, 2023. Construction began in 2020.Phase IV, Unit 1350OperatingSulawesiIFC
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Phase IV, Unit 2350Operating
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Phase V, Unit 1350Construction
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Phase V, Unit 2350Construction
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Phase V, Unit 3380Construction
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Unit 9250Operating
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TOTAL: 11,352 MW
(excluding repeated projects with multiple PSBC clients)		330000000000
343,000,000,000