Global Capital Asia Awards 2014
The Sarulla deal, closed in May, has won The Best Project Financing award in GlobalCapital Asia / Asiamoney Awards 2014.
Societe Generale Corporate & Investment Banking acted as Mandated Lead Arranger, Technical Bank and Hedge Provider for the USD 1.17 billion senior project financing for the Sarulla Geothermal Project in North Sumatra, Indonesia.
The Sarulla project involves the construction of a 351 MW (gross) geothermal power station comprising of three generating units on two separate geothermal fields. The project will produce much needed environmentally-friendly and sustainable electrical power for northern Sumatra. It is the largest single Greenfield and non-recourse geothermal project in the world.
With this award, SG CIB demonstrates its technical understanding of the Energy and Natural Resources sector, as well as its financial experience to close landmark deals in this area.