Castlerock Consulting

Examples of Castlerock’s past assignments for Project Screening, Preparation and Transaction Support include the following:

  • Castlerock assisted a Fortune 100 multinational company in developing a strategic plan to expand its presence in Asia in the water, energy, waste management, and transportation sectors. We reviewed the regulatory conditions, privatization outlook, market requirements, project pipeline, competitors, value of services, and practices followed in soliciting, evaluating, and completing bids. We provided an independent assessment of these factors for each sector in Thailand, Indonesia and the Philippines. Our work included an early notification of opportunities, key contacts and introductions, a market growth strategy for each country, and a list of potential acquisition targets.

  • For PT Antam Tbk, a vertically-integrated metals mining company in Indonesia, Castlerock reviewed and recommended revisions to the draft power purchase agreement (PPA) for a 100MW inside-the-fence power plant at a remote ferro-nickel smelter. In addition, we identified the key issues to be addressed in the event PT Antam Tbk was faced with a fuel price pass-through.

  • PT PLN Batam, the subsidiary of the Indonesian national electricity company serving the island of Batam, planned a 2 X 50MW coal-fired generation plant to be developed under limited recourse financing (e.g. project finance). PT PLN Batam engaged Castlerock to provide financial advisory assistance during the project development, EPC tendering, evaluation and negotiation stages of the project. Upon the conclusion of the tendering process for the EPC contractor, PLN Batam then asked us to help negotiate the financing structure, terms and conditions with its equity partner, the export credit agency and the lender.

  • As part Castlerock’s World Bank-financed work with Bappenas to establish the P3CU, we revised an information memorandum for a toll road tender and developed a probabilistic financial model based on the World Banks Infrisk spreadsheet add-in to determine the amount of government support required, drafted bidding rules and a procurement schedule for the Jakarta airport rail project, and prepared a risk analysis and draft power purchase agreement for geothermal power projects in West Java.