Development Funding Round I
The funds build the technical, commercial, permit, land and market evidence we need before securing a site and moving into project development.
- Funding target (indicative)
- Rp10 billion
- Programme length
- ±12 months
Use of funds
This is the work Round I pays for.
- 01
National energy and site screening
Screening energy resources, the grid, fiber, industrial estates, hazards and strategic land.
- 02
Energy and technical study
Resource, power scale, expansion path, generation structure, transmission, reliability and time to power.
- 03
GIS, grid and fiber mapping
Candidate zones, bulk-power nodes, transmission routes, the fiber backbone, gateways and surrounding infrastructure.
- 04
Pre-feasibility for the top 5 sites
Technical screening, a preliminary masterplan, the land pathway, infrastructure needs and an initial total cost of ownership (TCO).
- 05
Field survey and verification
Candidate parcels, topography, access, utilities, hazards, surrounding infrastructure and room to expand.
- 06
Legal, regulatory and government alignment
Spatial planning, the land pathway, KKPR, environmental approval, energy structure, permits and stakeholder engagement.
- 07
Financial and commercial modelling
Delivered power economics, land economics, development cost, business model, transaction structure and investment case.
- 08
Global market development
Buyer requirements, confidential market sounding, NDAs, site reviews and developer feedback.
- 09
Investor materials and data room
Business brief, site teaser, investment book, supporting documents and a controlled virtual data room.
- 10
Programme management office (PMO)
Governance, reporting, milestone control, document control, risk management and investor reporting.
The detailed split per work package is set in the 12-month workplan and detailed budget.
Round I schedule
Each stage narrows the choice, from a national screen down to one preferred site.
Months 1–2
Programme set-up
- PMO and governance
- Advisor onboarding
- Methodology
- Data collection
- Stakeholder mapping
Months 2–4
National screening
- 6 early-study corridors
- Open national screening
- 10–15 candidate zones or sites
- Early energy, grid, fiber, hazard and land assessment
Months 4–7
Pre-feasibility for the top 5
- Energy screening
- Candidate land
- Connectivity
- Field verification
- Early technical and commercial assessment
Months 7–9
Developing the top 3
- Deeper technical assessment
- Preliminary masterplan
- A stronger site pathway
- Site strategy
Months 9–10
Choosing the preferred site
- 1 primary site
- 2 alternative sites
- Steering committee recommendation
- Board approval
Months 10–12
Global market test and partner formation
- Confidential market sounding
- NDA and site review
- Energy partner engagement
- Infrastructure partner engagement
- Investor and developer discussions
The schedule is indicative and depends on data, access, regulatory processes, partner responses and the outcome of each gate.
What Round I aims for
From a national screen to a portfolio of sites ready for the next stage.
- Primary site
- 1
- Investment-grade alternative sites
- 2
Indicative development basis – subject to site validation
Each site is targeted to have:
- A 30–50 ha core site
- Enough net developable area
- An initial power pathway of ≥100 MW
- An expansion pathway of ≥500 MW
- A 1 GW+ aspiration
- A preferred energy distance of ≤100 km
- Feasible fiber routes
- A land expansion pathway
- A land development pathway
- A preliminary masterplan
- A hazard and environmental pathway
- A regulatory and government pathway
- Indicative delivered power economics
- A commercial structure
- Global market feedback
- A confidential data room
These targets do not state that every parameter is already available or guaranteed.
Capital released gate by gate
Larger capital is used only after the preferred site proves competitive.
Round I
Development capital
Rp10 billion
Technical gate
- Power and transmission
- Fiber
- Land
- Hazards
- Environment
Commercial gate
- Delivered power economics
- Candidate land
- Infrastructure capex
- Total cost of ownership
- Time to development
Regulatory gate
- Spatial planning
- Permits
- Energy structure
- Environmental pathway
Market gate
- Buyer requirements
- Developer feedback
- Commercial relevance
- Partnership signals
- Preferred site
- Board approval
- Round II (optional)
- Evidence before commitment
- Gate before capital
- Control before acquisition
- Market before construction
Site control and development facility
Activated only after the preferred site passes the technical, commercial, regulatory and market gates.
Rp25–50 billion
Indicative facility range
The funds could be used for:
- Land options
- Exclusivity
- Strategic leases
- Initial site control
- Conditional acquisition
- A detailed masterplan
- Advanced technical study
- FEED preparation
- Grid interconnection application
- Environment and permits
- Project SPV preparation
- Transaction development
- Institutional capital preparation
Capital follows evidence
Capital grows as the evidence and project certainty grow.
- 01
Development capital
Small development capital
- National screening
- Early study
- Pre-feasibility
- Market validation
- 02
Site control capital
Selective capital
- Options
- Exclusivity
- Leases
- Development rights
- 03
Strategic partnership capital
Institutional capital
- Advanced study
- FEED
- Permits
- Project SPV
- Transaction preparation
- 04
Project capital
Large-scale project capital
- Land closing
- Energy infrastructure
- Data center development
- Construction
- Commissioning
Participation options
The structure is not final and will be agreed with investors.
- 01
Development SPV equity
Investors take equity in a development entity that funds screening, validation, market development and site preparation.
- 02
Development participation
Investors receive certain economic rights tied to development value, milestones or transactions under the term sheet.
- 03
Convertible development funding
Development funding that may convert into equity or project participation under agreed terms.
- 04
Hybrid structure
A mix of equity, convertible instruments, development participation and priority rights at the next stage.
Final investor economics, governance rights, information rights, dilution, conversion, exit mechanisms and transaction participation will be set out in the Investor Term Sheet and definitive agreements.
How the programme is controlled
The schedule, budget, risks and decisions are overseen like this.
Programme management office
Schedule, budget, risk, advisor coordination and reporting.
Stage-gate approval
Each major stage needs a decision before it moves on.
Document control
Version control, evidence, study records and the data room.
Risk register
Technical, land, regulatory, market, partner and capital risks.
Investor reporting
Regular updates on milestones, budget, risks and decisions.
Board and steering oversight
Material decisions follow the governance and approval framework.
Where things stand
What is under way, what comes next and where it is heading.
Now
Programme formation
- Business brief
- Public website
- Governance and PMO
- Partner ecosystem
- Development funding preparation
Next
National screening and validation
- Energy corridor screening
- Top 5 candidate sites
- Pre-feasibility
- Global market sounding
- Partner engagement
Target
Preferred site development
- 1 primary site
- 2 alternative sites
- A credible energy pathway
- A strategic site control pathway
- Infrastructure partners
- Global developer interest
Want to talk about Round I?
We can talk about Round I, the optional site control facility, or the next stage.
Important disclaimer: PALLAS AI Infrastructure is at an early development stage. Information on this page, including Development Funding Round I, the optional Round II facility, timelines and target outputs, is indicative and provided for preliminary business-development discussion only. This page is not an offer or solicitation to buy or sell securities, not a prospectus, and not a guarantee of returns, valuation, site availability or project outcome. Any participation is subject to due diligence, the Investor Term Sheet, definitive agreements and applicable laws and regulations.