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PT Madhucon Sriwijaya Power 1

S R I W I J A Y A P O W E R

PT. MADHUCON

POWER TO PROSPER MADHUCON

Project Site Location:

Tanjung Dalam,

Keluang, Bayung Lencir,

Musi Banyuasin Regency,

South Sumatera - Indonesia

Corporate Office

Menara Bidakara, 3rd Floor,

Jl. Gatot Subroto Kav 71-73,

Jakarta 12870, Indonesia

2x150MW Mine Mouth Coal Fired Thermal Power

Plant


MADHUCON

Following a successful global tender, a Madhucon consortium has formed

a Special Purpose Vehicle (SPV), PT Madhucon Sriwijaya Power (PT.

MSP).

PT. MSP is setting up a 2 x 150 MW mine mouth coal fired thermal power

plant in South Sumatera, Indonesia and will supply Power to PT. PLN, the

State owned Electricity Corporation of Indonesia. In line with the Power

Purchasing Agreement (PPA) signed on May 1, 2012 PT. MSP will supply

Power for 25 years.

PT. MSP has concluded a Coal Supply Agreement with PT. Madhucon

Indonesia for the entire tenure of the agreement with PT. PLN.

Lahmeyer (India) has prepared the Detailed Project Report confirming the

technical and commercial viability of the project.

About us


MADHUCON Madhucon Group Companies Madhucon Projects Limited (MPL)

EPC Company – Listed on BSE

& NSE Stock Exchanges.

Madhucon Infra Limited (MIL)

Infrastructure Company, holding the verticals of

Power, Roads, BOT, Toll Gates & Coal Mines etc.,

Simhapuri Energy Private Limited

1,920 MW Thermal Power Plant

PT Madhucon Indonesia (PT.MI)

Holds substantial reserves of mineable coal

Madhucon Granites Limited (MGL)

100% Export Oriented Unit, serving the

US, European & Middle Eastern markets.

Madhucon Sugars & Power Ltd.

3,500 TCD Capacity, along with

manufacture of Ethanol and Co-

generation of Power - 24MW.


MADHUCON Madhucon Group Companies.. Special Purpose Vehicles for BOT Projects – Toll Roads

Madhucon Agra Jaipur Expressways Limted

TN(DK) Expressways Limited

Trichy – Thanjavur Expressways Limited

Madurai – Tuticorin Expressways Limited

Chappra – Hazipur Expressways Limited

Barsast – Krishnagar Expressways Limited

Ranchi Expressways Limited

Vijayawada – Machilipatnam Expressways Limited

Special Purpose Vehicles for Realty Projects

Madhucon Mega Mall Private Limited

Nama Hotels Private Limited

Madhucon Heights Private Limited


MADHUCON Madhucon Infra Limited

Around 95 % shares held by MPL in MIL

Holding company of all infrastructure assets such as BOT Road

projects, Thermal Power, Hydel Power & Gas based power

projects and Coal mining businesses in India & overseas.

As on date MPL and MIL has invested in different infra SPVs to

the extent of around Rs. 932 Crores ( US$ 207 Mln).

Madhucon Projects Limited

(MPL)

Madhucon Infra Limited (MIL)

PT. Madhucon Sriwijaya Power

Madhucon Energy Limited

Madhucon Toll Highway Ltd

PT. Madhucon Indonesia


MADHUCON Power Holding Structure

Simhapuri Energy Private

Limited 1, 920 MW

Thermal Power Plant at Nellore, Andhra

Pradesh, India.

MoU With

Jharkhand Govt. for

2x660 MW 1,320 MW

Thermal Plant

Rajanagaram Gas Power Project 400 MW Phase 1 600 MW Phase 2

Hydro Power Projects -

Uttarakhand 3 X 25 = 75 MW

Orissa Power Project

2x660 MW 1,320 MW

Thermal Plant

Madhucon Infra Limited

Madhucon Energy Limited


MADHUCON Mining Holding Structure

Dawas Mine South Sumatra 8,663 Hectares

Substantial Mineable Reserves

Madhucon Infra Limited

PT. Madhucon Indonesia

Muara Dua Mine South Sumatra 30,970

Hectares

Kauro Mine Kalimantan

Muara Kommam Kalimantan

3,930 Hectares


MADHUCON

₰ The power sector in Indonesia is organized under the Ministry of Energy and

Mineral Resources. PT. Perusahaan Listrik Negara (PT. PLN) is responsible for

the majority of Indonesia’s generation and is the monopoly provider of

transmission, distribution and retail supply of electricity in Indonesia.

₰ In order to support a population of over 238 million people, reliable electricity

generation is needed for Indonesia’s economic growth.

₰ The National Electricity Development Plan 2005 (RUKN 2005) estimates that the

peak power demand of the country will increase at an average annual rate of

7.5% and will reach 79,900 MW in 2025. It also estimates that the energy demand

will increase at almost same rate and will reach 4,50,000 GWhr in 2025.

Power Scenario of Indonesia

₰ The Indonesian Government

through the National Electric

Co. (PT. PLN) had introduced

the participation of the private

sector, as Independent Power

Producers (IPP) since the

1990’s to fulfill Indonesia’s

growing electricity demand.

Balance of Power System of Sumatra


MADHUCON Power Overview

Sector Overview

The Electricity Law 30/2009 is the legal

foundation of the electricity sector in

Indonesia. The Law has brought in major

changes on regulating the electricity

sector. It eliminates the monopoly power

of PLN and enables other entities to

develop electric infrastructures in regions

not yet served by PLN.

The regulatory power for national grid

and PLN is maintained by the Ministry of

Energy and Mineral Resources (MEMR).

PLN has a history wherein it has not met

its obligations with some IPPS which

ultimately had to go for arbitration.

The major consumer of energy is the

residential sector

Of Indonesia’s current installed capacity of

30.941 HW, IPPs account for 4.269 GW or

approx 14%

Electricity Generation Licenses or “IUPTLs”

are offered to private entities with up to 95%

foreign shareholding, with PLN acting as the

single buyer.

The power consumption per capita is the lowest in the region despite the abundant natural resources present.


MADHUCON

PT Madhucon Sriwijaya Power

Power Planning of South Sumatera


INDONESIA

MUSIBANYUSIN

SOUTH SUMTATRA

PT Madhucon Sriwijaya Power – Plant Location

Plant Location

PALEMBANG

S. MERANG

TELUK SEKANAK

BUYUNG LENGCIR

MUARAMENDAK

MUARA MENNAG

TANAHBANG SUNGAI SEMBILANG

SUNGAI BUNGIN

KULAA SUGIHAN

DUSUN SERDANG SENANG

SUNGSANG

PANUGUAN TELUKKUBU

BENTAYAN PENINGGLAN

HULUSUNGAI BAYAT

LUBUK BANCAL

BABAT KELUANG

SUNGAILIIN TELUK TENGGULANG

KULA PUNTIAN

MUARTELANG

KARANGNYAR

MANUNJAYA SEKAYU BABT PALEMBANG

BOOMBARU SEBOKAR

JIRAK

MADHUCON


MADHUCON Salient Features of The Project

ss

dd

Project Site Location: Tanjung Dalam, Keluang, Bayung Lencir,

Musi Banyuasin Regency, South Sumatera - Indonesia

Aur Duri Substation

Betung Substation

Coal Source: From PT. Madhucon Indonesia 5 kms from the Project Site

Water Source : from Dawas River (Brackish / River ) 3 kms from the Project site

Power Evacuation: Inter connection with

275 KV Transmission Line 11 kms from the Project Site

PT Madhucon Sriwijaya Power 2x150 MW CFPP


MADHUCON

Activities Date

Issuance of RFP July 15, 2011

Pre-Bid Meeting July 19, 2011

Issuance of Addenda July 26, 2011

Bid Closing of Administrative & Technical and Price Proposal Aug 22, 2011

Bid Opening of Administrative & Technical and Price Proposal Aug 23, 2011

Evaluation and Clarification Aug 23, 2011

Bid Opening of Price Proposal Sep 20, 2011

Evaluation of Price Proposal Oct 12, 2011

Announcement of the Preferred Bidder Oct 16, 2011

Objection Period Oct 16, 2011

Clarification of Objection Oct 20, 2011

Issuance Letter of Intent of the Preferred Bidder Nov 25, 2011

Finalization of PPA Dec 10, 2011

Price Approval from Ministry of Energy and Mineral Resources. Jan 01, 2012

Signing of PPA May 01, 2012

Financing Date (12 months from signing of PPA) April 30, 2013

Commercial Operation Date of the Plant (30 month from Financing Date) Oct 31, 2015

Chronology of 2x150 MW CFPP Bidding Process by PT. PLN (PERSERO)


MADHUCON Project Milestones Schedule (From the date of Financial Closure-29.04.2013)

Milestone Month

Financing Date 0

Commencement of Work 1

Completion of :

Site Preparations 6

Steel Structure 16

Steam Generator 26

Steam Turbine 26

Electric Generator 26

Coal Handling System 24

Mining Construction 22

Ash Handling System 23

Installation of 275kV Switch yard and 275kV T/L 25

Back Feeding power for testing 24

Special Facilities:

• PLN Power for testing of Special Facilities 23

• Taking-Over by PLN of Special Facilities 24

Initial Plant Synchronization 25

Commissioning Date for Unit 1 27

Commercial Operation Date (Plant COD) 30


MADHUCON

Description Parameter Remarks

Plant Capacity 2 x 150 MW Sub Critical Boiler with CFBC Technology

Project Cost 414 USD Million

(Approx.) Negotiations with potential Contractors in China / Europe / India

Debt / Equity Ratio 75 : 25

Fuel GCV 3800 kCal/kg Coal Supply Agreement with PT. Madhucon Indonesia

PPA Term 25 Years

Power Evacuation 275 KV

Transmission System

Interconnection point is located at 7 km’s from the proposed plant location.

Water Source 3km (Approx.) Dawas River

Land 60 Ha Adjacent to Coal Mine, Approx. distance 5 km.

Nearest City

Airport / Port Palembang 140 km from the Project Location

Major Road State Highway 10 km from the Project Location

Highway between Palembang to Jambi

New Technologies

Adopting Coal Dryer for enhancement of Plant performance.

RO Plant for Water Treatment

Dry Fly Ash collection System for utilization in Cement Plants

Project Highlights


MADHUCON

This Presentation dated November 2012 is submitted for evaluation to prospective debt & equity partners. This document

is delivered by PT. Madhucon Sriwijaya Power (“PT. MSP”) on its own behalf.

The receipt of this presentation constitutes an agreement on part of all recipients hereof to maintain the confidentiality of the

information contained herein. Use of this presentation for any other purpose is prohibited.

The Company has furnished the information contained in this presentation using its own knowledge and other sources

believed to be reliable. PT. MSP has not conducted any independent investigation of such information and does not make

any representation or warranty as to the accuracy or completeness of such information.

Documents

S R I W I J A Y A P O W E R · PDF fileMusi Banyuasin Regency, South Sumatera ... (IPP) since the ... SENANG SERDANG SUNGSANG PANUGUAN TELUKKUBU BENTAYAN