PT Tala Alam Baru will be 70% owned by PT Bayu Energi Listrik Lestari (PT BELL) and 30% owned by PLN Nusantara Renewables, the mandatory partner for the Project assigned by PLN.

PT BELL is 60% owned by TotalEnergies Renewables Development Asia Pte. Ltd., a wholly owned indirect subsidiary of TotalEnergies SE, and 40% owned by PT Adaro Wind Energy, a wholly owned indirect subsidiary of PT Adaro Energy Indonesia Tbk.                      

The total Project cost is estimated at US$120 million. The proposed IFC investment consists of (i) an IFC A Loan of up to US$33.5 million; (ii) an IFC B Loan of up to US$10 million funded by B Loan Participants (commercial banks); (iii) a loan of up to US$33.5 million provided by IFC in its capacity as implementing entity of the Climate Investment Funds (CIF); (iv) a Viability Gap Funding (VGF) of up to US$3 million from IFC in its capacity as implementing entity of the Global Energy Alliance for People and Planet (GEAPP); and (v) a US$ interest rate swap, representing a Loan Equivalent Exposure of up to US$2 million.                

The Project is located in Tanah Laut Regency, South Kalimantan Province, Indonesia. The wind farm is located approximately 12 kilometers (km) south of Pelaihari, the capital city of Tanah Laut Regency, and approximately 50 km from Banjarbaru, the capital city of South Kalimantan Province.                                                                                                  

This is a Category B project according to IFC’s Policy on Environmental and Social Sustainability, as it is expected to have limited adverse environmental or social risks and/ or impacts that are limited in scale, few in number, generally site-specific and readily addressed through mitigation measures, by adhering to good international industry practice (GIIP) procedures, guidelines and design criteria, as described in the following sections. The project will use GIIP, meeting requirements established under the applicable WBG Guidelines.

Key risks and impacts of the project include limited scale: economic displacement of informal users of forest land, grazing land, tourist guides and fisherfolk households; biodiversity impacts including impact on natural habitat values (1ha); shadow flicker impacts on 199 houses; and environmental impacts associated with noise, erosion, waste and hazardous material management, occupational and community health and safety, labor working conditions, and transportation safety.