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Coal-Fired Plants Financed by International Public
Investment Institutions Since 1994
This spreadsheet contains detailed information on the 88 power plants that form the basis
of EDF's report on financing of coal-fired power plants in the developing world and
economies in transition by international public financing institutions.
This data is provided for informational purposes only. Please refer to the full report
linked to above for all final calculations and information. Please direct any questions or
comments about the information to report author Bruce Rich, senior counsel for
international finance and development, at brich@edf.org.
Please be aware that editing, reformatting or otherwise manipulating the data in this
spreadsheet beyond the sorting and filtering functionality provided may alter calculations
in the various spreadsheets.
Content
View coal-fired plant finance providers and recipients broken out by financing institution
and country.
View name, location, future annual CO2 emissions, megawatt hours, capacity and
description of power plants.
View project cost and financing information, including financing institution, for each power
plant. In this worksheet each financial transaction is a separate entry, so the same power
plant may have several entries if it has been financed by several financial institutions.
View plant and prospective financing information for plants in our data base for which
financing is pending but not formally approved
This tab lists financing information for several plants in our data base that received
financing only for pollution control measures. The emissions of these plants were not
counted in the Power Plant Overview and Public Financing worksheets.
View currency conversion tables used in spreadsheet calculations.
Download a user guide for help using this spreadsheet
Please refer to Appendix A in the full report linked to above for a discussion of
methodology and sources.
Public financial institution Origin Total financing
(in mln US$)
Japan Bank for International Cooperation (JBIC) Japan 8139
World Bank Group (IBRD/IDA/IFC/MIGA) ** Multilateral 5315
Asian Development Bank (ADB) Multilateral 3913
US Export-Import Bank United States 3479
European Investment Bank (EIB) Multilateral 2511
Nippon Export and Investment Insurance (NEXI) Japan 2089
Kreditanstalt für Wiederaufbau (KfW) Germany 1769
China Development Bank China 1681
Euler Hermes Germany 1174
*It should be noted that “projects” means financing projects, referring specifically to each individual financial transaction made
financing recipients. Individual power plants or power plant operators sometimes receive multiple financing transactions from r
the spreadsheet detailing the data for the report we identify 124 separate financing projects for 88 coal plants and coal plant e
Bank Group, for example, we list 29 financing projects which have gone to 22 separate coal plants.
** The World Bank Group includes financing from IFC ($ 2,467 mln, 17 projects), MIGA ($ 393 mln, 4 projects) and IBRD/IDA (
Countries ranked in financing coal power plants, both in terms of capital provided and in terms of number of projects
(i.e. adding up the data for the public financiers originating from the same country)
Number of
Total financing financing
Countries (in mln US$) projects
Multilateral 13,352 73
Japan 10,228 27
United States 4,164 23
China 3,131 8
Germany 2,957 12
Korea 1,000 2
Italy 789 2
United Kingdom 606 5
France 475 4
Norway 147 1
Spain 76 1
Canada 62 1
Switzerland 40 1
Netherlands 16 1
Countries ranked by the total amount of public capital received from abroad to finance coal-fired power plants
9
2
1
6
3
1
1
1
4
2
1
2
1
1
1
2
1
1
0
2
217,217,186
Annual Megawatt Annual Megawatt Capacity Capacity
Hours (MWH) Hours (MWH) (MW) (MW)
Present Future Present Future
32,800,000 42,371,194 4,440 5736
0 35,722,431 0 4818
0 35,500,000 0 4788
0 27,900,000 0 4000
0 27,900,000 0 4000
0 22,000,000 0 3300
0 12,800,000 0 2400
12,000,000 12,000,000 NA NA
10,200,000 10,300,000 1,200 NA
0 9,001,560 0 1600
3,515,989 9,935,145 NA NA
0 5,662,468 0 1920
0 5,620,761 0 NA
0 5,521,671 0 1200
0 5474626 0 545
0 4,522,927 0 2200
0 4,522,266 0 990
4,111,550 4,144,879 NA NA
0 2,623,901 0 630
0 2617876 0 260
626,370 729,408 NA NA
0 1,876,194 0 186
0 919,982 0 92
0 915,909 0 91
0 826,296 0 200
593,518 601,344 NA NA
0 592,950 0 150
439,849 443,457 NA NA
380,683 402,155 60 NA
380,683 402,155 60 NA
0 136,280 0 14
0 121,748 0 12
Mundra Ultra Mega Power India Coastal Gujarat Power Tata Power
Project Limited Company Limited
Mundra Ultra Mega Power India Coastal Gujarat Power Tata Power
Project Limited Company Limited
Masinloc and Sual Philippines MASINLOC POWER National Power Corporation (NPC)
PARTNERS CO LTD
and TEAM ENERGY
CORP
Masinloc and Sual Philippines MASINLOC POWER National Power Corporation (NPC)
PARTNERS CO LTD
and TEAM ENERGY
CORP
Masinloc and Sual Philippines MASINLOC POWER National Power Corporation (NPC)
PARTNERS CO LTD
and TEAM ENERGY
CORP
Schkopau Germany
Paroseni Romania
Unspecified China
NA NA NA NA NA NA
NA NA NA NA NA NA
791,748,310
Total of 312,579,524
WBG+ADB:
Total project costs
Brief description of power plant Full amount of project costs (if
known)
Coal-fired power plant (5 units of 800 MW each) on a build- US$ 4,140 4,140
own-operate basis, incorporating supercritical technology
Coal-fired power plant (5 units of 800 MW each) on a build- US$ 4,140 4,140
own-operate basis, incorporating supercritical technology
The Tuoketuo Power Plant Phase I, consisting of two 600 US$ 1,100 1,100
MW coal-fired generation units
Northern Luzon Transmission and Generation Project. This US$ 896 896
project was aimed at the installation of the transmission
network necessary to feed output from the Masinloc and
Sual Power Stations into the Luzon Grid.
Northern Luzon Transmission and Generation Project. This US$ 896 896
project was aimed at the installation of the transmission
network necessary to feed output from the Masinloc and
Sual Power Stations into the Luzon Grid.
Northern Luzon Transmission and Generation Project. This US$ 896 896
project was aimed at the installation of the transmission
network necessary to feed output from the Masinloc and
Sual Power Stations into the Luzon Grid.
US$ 487
2x800MW coal-fired power plant (not to be confused with the Rs 79,490 1,892
Krishnapatnam Ultra Mega Power Project)
New coal-fired plant. Scrubber equipment will be installed to US$ 1,360 1,360
remove sulfur dioxide from stack emissions
New coal-fired plant. Scrubber equipment will be installed to US$ 1,360 1,360
remove sulfur dioxide from stack emissions
New coal-fired plant. Scrubber equipment will be installed to US$ 1,360 1,360
remove sulfur dioxide from stack emissions
New coal-fired plant. Scrubber equipment will be installed to US$ 1,360 1,360
remove sulfur dioxide from stack emissions
New single 464 MW unit at the ZE Patnow Adamow Konin EUR 630 785
S.A. (PAK), a group of three lignite-fired power plants. The
project will use a supercritical boiler technology and is going
to be implemented through a turn-key EPC contract.
Supply and installation of a 210 MW fluidised bed boiler with US$ 163 163
ancillary equipment at Unit 4 of the Starobeshevo Power
Station in eastern Ukraine
Construction of a new block 10 with capacacity of 750 MW in EUR 820 1,124
the Federal State of North-Rhine Westphalia
US$ 755
US$ 755
US$ 755
Replacement of the old plant and construction of a new 2 x EUR 1,100 1,370
300 MW net lignite-fired power plant
Replacement of the old plant and construction of a new 2 x EUR 1,100 1,370
300 MW net lignite-fired power plant
Replacement of the old plant and construction of a new 2 x EUR 1,100 1,370
300 MW net lignite-fired power plant
The new power station will use circulating fluidised bed US$ 1,000 1,000
technology that can burn biomass and other fuels, and will
be the first coal unit to begin operations in Chile’s Sistema
Interconectado del Norte Grande (SING) starting in 2010.
The new power station will use circulating fluidised bed US$ 1,000 1,000
technology that can burn biomass and other fuels, and will
be the first coal unit to begin operations in Chile’s Sistema
Interconectado del Norte Grande (SING) starting in 2010.
If known
Nov-08 Loan
Sep-08 Export credit financing To partly finance six boilers for the plant.
loan agreement.
1994 Guarantees
2003 Loan
Jul-03 Guarantees
2000 Loan
Jun-97 Loan
Jun-97 Guarantees
Sep-97 Loan
1996 Loan
1996 Guarantees
Jun-08 Loan
Jun-08 Guarantees
1995 Guarantees
Website WorldBank
(www.worldbank.org), Viewed in
February 2009; Sustaining
Economic Development in
Shanghai, World Bank,
Washington, 25 June 1997.
Website WorldBank
(www.worldbank.org), Viewed in
February 2009; China Undertakes
$1.2 Billion Power Project in Henan
Province, World Bank, Washington,
29 February 1996.
Website WorldBank
(www.worldbank.org), Viewed in
January 2009; Implementation
Completion Report (Scpd-3718s;
Scl-3718a; Cpl-37180) On A Loan
In The Amount Of US$350 Million
To The People's Republic Of China
For The China Yangzhou Thermal
Power Project, World Bank,
Washington, 17 June 2003; WB-
Funded Generator Passes State
Quality Appraisal, Xinhua English
Newswire, 5 August 1999.
US/Japan Trade Agencies
Cooperate To Restructure
Indonesia's Paiton Power Project,
US Exim Bank, 27 March 2003;
Website OPIC (www.opic.gov),
Viewed in January 2009; Execution
of Power Purchase Agreement for
Paiton 3 Coal-fired Power Plant
Expansion Project, Mitsui, Tokyo, 4
August 2008.
Thema/Namen - Indonesiens
Präsident Adurraham Wahid und
Außenminister ...; Mit kräftiger
Unterstützung der rot-grünen
Bundesregierung haben deutsche
Firmen in Indonesien nahezu
problemlos den Übergang von der
Diktatur zur Demokratie gemanagt.
Von Torsten Engelhardt, Hamburg,
Financial Times Deutschland, 24
November 2000; Website Siemens
(http://id.siemens.com/cms/id/Jawa
Power/Pages/default1.aspx),
Viewed in January 2009; YTL
Power International completes
acquisition of interest in 1,220MW
Jawa Power station, YTL, Kuala
Lumpur, 10 December 2004.
Project and Structured Finance
Transactions, Fiscal Years 1993-
2009, Website US Exim Bank,
Updated 16 January 2009; Website
Siemens
(http://id.siemens.com/cms/id/Jawa
Power/Pages/default1.aspx),
Viewed in January 2009; YTL
Power International completes
acquisition of interest in 1,220MW
Jawa Power station, YTL, Kuala
Lumpur, 10 December 2004;
Thema/Namen - Indonesiens
Präsident Adurraham Wahid und
Außenminister ...; Mit kräftiger
Unterstützung der rot-grünen
Bundesregierung haben deutsche
Firmen in Indonesien nahezu
problemlos den Übergang von der
Diktatur zur Demokratie gemanagt.
Von Torsten Engelhardt, Hamburg,
Financial Times Deutschland, 24
November 2000.
JBIC website
Website WorldBank
(www.worldbank.org), Viewed in
January 2009; Website Industcards
(http://www.industcards.com/st-
coal-china-hunan.htm), Viewed in
January 2009.
1 21 2
Black Sea Trade CESCE China China Exim Commonwealth
and Development Bank Development
Development Bank Corporation
Bank (BSTDB) (CDC)
Multilateral Spain China China United Kingdom
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
1,520.00 580.00
0.00
0.00
0.00
18.92
29.60
76.00
131.00
22.42
41.34 76.00 1,680.60 580.00 0.00
2 1 4 1 2
Compagnie Francaise Deutsche Investitions- Euler Hermes European Bank for
d'Assurance pour le und Reconstruction and
Commerce Exterieur Entwicklungsgesellsc Development
(COFACE) haft (DEG) (EBRD)
France Germany Germany Multilateral
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
98.39
294.78
494.00
0.00
106.04
13.59
78.46
113.00
53.00
30.00
22.00
18.00
100.00
119.56
283.95
127.03 249.08
36.79
294.27
4 1 5 9
European Export Credits Export Export-Import Garanti-
Investment Bank Guarantee Development Bank of Korea instituttet for
(EIB) Department Canada (EDC) (Kexim) eksportkreditt
(ECGD) (GIEK)
Multilateral United Kingdom Canada Korea Norway
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
273.99
54.80
700.00
294.78 147.39
160.49
311.00
735.67
479.76
0.00
145.99
62.27
544.18
87.69
28.38
9 3 1 1 1
Geschäftsstelle Inter-American International Japan Bank for Korea Export
für die Development Finance International Insurance
Exportrisikogara Bank (IDB / Corporation Cooperation Corporation
ntie (ERG) IADB) (IFC) (JBIC) (KEIC)
Switzerland Multilateral Multilateral Japan Korea
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
455.00
300.00
380.00
152.75
164.08
100.48
226.38
54.57
244.00
749.09
931.20
620.80
513.00
342.00
37.50
39.90
30.00
17.50
200.00
200.00
309.93
408.00
275.00
990.00
1,440.00
8.00
63.43
150.00
150.00
15.00
60.60
101.00
86.40
25.00
150.00
590.00
42.00
25.00
96.80
200.94
1 0 17 21 1
Kreditanstalt für Multilateral Netherlands Nippon Export Nordic
Wiederaufbau Investment Development and Investment Investment Bank
(KfW) Guarantee Finance Company Insurance (NEXI) (NIB)
Agency (MIGA) (FMO)
Germany Multilateral Netherlands Japan Multilateral
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
186.81
317.90
458.25
27.80
507.17
560.66
360.00
15.00
400.00
413.45
540.00
163.00
177.10
16.45
30.40
40.40
70.00
123.29
62.40
1,769.15 393.19 16.45 2,089.48 201.81
6 4 1 6 2
Overseas Private Servizi Sinosure US Export- World Bank
Investment Assicurativi del Import Bank (IBRD/IDA)
Corporation (OPIC) Commercio
Estero (SACE)
United States Italy China United States Multilateral
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
400.00
148.30
330.00
440.00
76.00
109.50
350.00
200.00 507.00
53.00
408.80
30.00
223.80 210.00 176.00
200.00
350.00
200.80
47.10
231.00
390.00
164.00
100.00
565.30
218.70
300.00
562.40
237.10
100.00 444.00
20.00
81.10
32.00
64.90
6 2 1 17 8
Total
500.00
559.18
54.80
400.00
75.00
225.00
317.90
148.30
905.00
1000.00
250.00
200.00
330.00
440.00
380.00
152.75
458.25
736.96
76.00
164.08
100.48
226.38
54.57
625.30
128.40
749.09
507.17
931.20
1181.46
350.00
513.00
1067.00
342.00
53.00
15.00
2100.00
165.00
37.50
400.00
408.80
30.00
649.70
200.00
160.49
311.00
350.00
413.45
735.67
200.80
47.10
231.00
540.00
884.00
200.00
479.76
30.00
17.50
200.00
364.00
309.93
448.00
70.00
163.00
200.00
275.00
290.40
145.99
990.00
1440.00
100.00
565.30
124.95
177.10
21.59
140.73
63.43
1.20
218.70
300.00
0.50
959.00
148.00
562.40
113.00
544.18
190.00
129.00
9.45
237.10
270.00
90.00
150.00
131.00
544.00
16.45
87.69
30.00
30.40
15.00
22.00
18.00
20.00
5.00
81.10
201.00
171.00
141.97
283.95
499.40
190.00
86.40
62.40
25.00
150.00
590.00
28.38
42.00
25.00
96.80
32.00
200.94
64.90
36.79
294.27
37,043.83
Power plants
Power plant name Country Operator Sponsor(s)
Kalimantan Indonesia
Bandel Thermal Power Station was started with a capacity of US$ 208 208
82.5 MW in 1965. It has since been expanded and currently
has a rated capacity of 530 MW.
If known
pending Loan
0 275 0
0 2 0
Black Sea Trade CESCE China China Exim Commonwealth
and Development Bank Development
Development Bank Corporation
Bank (BSTDB) (CDC)
Multilateral Spain China China United Kingdom
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
0 0 0 0 0
0 0 0 0 0
Compagnie Francaise Deutsche Investitions- Euler Hermes European Bank for
d'Assurance pour le und Reconstruction and
Commerce Exterieur Entwicklungsgesellsc Development
(COFACE) haft (DEG) (EBRD)
France Germany Germany Multilateral
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
PM
0 0 0 0
0 0 0 0
European Export Credits Export Export-Import Garanti-
Investment Bank Guarantee Development Bank of Korea instituttet for
(EIB) Department Canada (EDC) (Kexim) eksportkreditt
(ECGD) (GIEK)
Multilateral United Kingdom Canada Korea Norway
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
0 0 0 0 0
0 0 0 0 0
Geschäftsstelle Inter-American International Japan Bank for Korea Export
für die Development Finance International Insurance
Exportrisikogara Bank (IDB / Corporation Cooperation Corporation
ntie (ERG) IADB) (IFC) (JBIC) (KEIC)
Switzerland Multilateral Multilateral Japan Korea
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
0.0
0.0
0.0
100.0
145.0
0.0
190.0
293.0
0.0
0 728 0 0 0
0 4 0 5 0
Kreditanstalt für Multilateral Netherlands Nippon Export Nordic
Wiederaufbau Investment Development and Investment Investment Bank
(KfW) Guarantee Finance Company Insurance (NEXI) (NIB)
Agency (MIGA) (FMO)
Germany Multilateral Netherlands Japan Multilateral
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
0 0 0 0 0
0 0 0 0 0
Overseas Private SACE Sinosure US Export- World Bank
Investment Import Bank (IBRD/IDA)
Corporation (OPIC)
5,000.0
0 0 0 0 5,180
0 0 0 0 2
Total
75
200
100
145
0
190
293
180
5,000
6,183
Power plants
Power plant name Country Operator Sponsor(s)
If known
0 0 0
Black Sea Trade CESCE China China Exim Commonwealth
and Development Bank Development
Development Bank Corporation
Bank (BSTDB) (CDC)
Multilateral Spain China China United Kingdom
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
0 0 0 0 0
Compagnie Francaise Deutsche Investitions- Euler Hermes European Bank for
d'Assurance pour le und Reconstruction and
Commerce Exterieur Entwicklungsgesellsc Development
(COFACE) haft (DEG) (EBRD)
France Germany Germany Multilateral
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
27.4
14.9
38.8
0 0 0 81
European Export Credits Export Export-Import Garanti-
Investment Bank Guarantee Development Bank of Korea instituttet for
(EIB) Department Canada (EDC) (Kexim) eksportkreditt
(ECGD) (GIEK)
Multilateral United Kingdom Canada Korea Norway
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
238.7
239 0 0 0 0
Geschäftsstelle Inter-American International Japan Bank for Korea Export
für die Development Finance International Insurance
Exportrisikogara Bank (IDB / Corporation Cooperation Corporation
ntie (ERG) IADB) (IFC) (JBIC) (KEIC)
Switzerland Multilateral Multilateral Japan Korea
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
5.9
324.4
0 0 0 330 0
Kreditanstalt für Multilateral Netherlands Nippon Export Nordic
Wiederaufbau Investment Development and Investment Investment Bank
(KfW) Guarantee Finance Company Insurance (NEXI) (NIB)
Agency (MIGA) (FMO)
Germany Multilateral Netherlands Japan Multilateral
Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$ Amount in mln US$
0 0 0 0 0
Overseas Private SACE Sinosure US Export- World Bank
Investment Import Bank (IBRD/IDA)
Corporation (OPIC)
0 0 0 0 0
Total
324
27
15
39
239
650
Conversion table of foreign currencies
average per year
Currencies
Year US$ EUR JPY
1994 1 1.18578 0.00980
1995 1 1.29409 0.01070
1996 1 1.25266 0.00920
1997 1 1.13172 0.00828
1998 1 1.12331 0.00768
1999 1 1.06677 0.00883
2000 1 0.92492 0.00928
2001 1 0.89658 0.00824
2002 1 0.94590 0.00800
2003 1 1.13208 0.00864
2004 1 1.24386 0.00925
2005 1 1.24539 0.00910
2006 1 1.25622 0.00860
2007 1 1.37074 0.00850
2008 1 1.47134 0.00970