PT Halmahera Persada Lygend Nickel Smelter power station

From Global Energy Monitor

Halmahera Persada Lygend power station is a 600-megawatt (MW) coal-fired power plant in the Kawasi Village industrial area on Obi Island, North Maluku, Indonesia.

Location

The satellite photograph below shows the site of the PT Halmahera Persada nickel smelter near Kawasi Village, Obi Island, North Maluku, Indonesia.

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Background on Project

PT Halmahera Persada Lygend, also known as PT HPAL or PT HPL, is a joint venture between Indonesia's Harita Group and Chinese mining company Ningbo Lygend. The company received an environmental permit to construct a nickel smelting facility on Obi Island in January 2019.[1] A 4 x 150 MW power station was planned to provide electricity for the nickel smelting process.[2] The nickel smelter began operating in June 2021, and total investment was estimated to have exceeded USD 1 billion.[3]

Financing

In April 2021, DBS announced that it is jointly leading a consortium of nine banks to provide US$625 million in financing for the PT Halmahera Persada Lygend nickel smelter. The consortium includes BNP Paribas, Bank Mandiri, Bank Central Asia (BCA), Bank Negara Indonesia (BNI), Maybank, Overseas Chinese Banking Corp (OCBC), OCBC NISP, and United Overseas Bank.[4]

Project Details

  • Sponsor: PT Halmahera Persada Lygend
  • Parent company: Harita Group (63.1%), Ningbo Lygend (36.9%)
  • Location: Kawasi, Obi Island, North Maluku, Indonesia
  • Coordinates: -1.5374746764315836, 127.4184222559172 (exact)
  • Status: Units 1-4: Operating
  • Gross capacity: 4 x 150 MW
  • Type:
  • In service: 2021
  • Coal type:
  • Coal source:
  • Source of financing: USD 625 million from DBS consortium

Articles and resources

References

  1. About Us, HPAL Nickel, Accessed July 2021
  2. OBI RKEF Nickel Smelting Project, Zawya, Mar. 20, 2020
  3. Ini Smelter Nikel Rp14 T Diresmikan Luhut, Bisa untuk Baterai, CNBC Indonesia, June 24, 2021
  4. Indonesian nickel smelter secures US$625 million financing, The Asset, Apr. 21, 2021

Related GEM.wiki articles

External resources