FP196

Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia with Lessons for Replication in other ASEAN Member States

Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia with Lessons for Replication in other ASEAN Member States

Indonesia requires urgent action to address its increasing emissions, especially in the rapidly growing industrial energy sector. The market penetration of energy efficient technologies and the ensuing energy savings have been hampered by a range of barriers, including access to finance, regulatory challenges, and a lack of capacity and awareness amongst relevant stakeholders. 

This programme will increase Indonesia’s capacity to drive a low-carbon development pathway with enhanced energy efficiency and conservation performance by addressing these chronic barriers. The programme provides a package of innovative energy efficiency solutions including financial de-risking mechanisms, exploration of new energy service business models, development of a supportive regulatory framework, and technical assistance. 

Total project value

 

Tonnes of emissions avoided

 

Theme

Mitigation

Result areas

Project timeline

Pipeline

11 Jun 2020 - 862 days

Concept note received

11 Jun 2020

Funding proposal received

26 Aug 2021

Cleared by GCF Secretariat

05 Aug 2022

Cleared by iTAP

26 Sep 2022

Approved

20 Oct 2022 - 110 days so far

Approved by GCF Board

20 Oct 2022

Legal opinion on AE's Internal Approval

13 Jan 2023

Under implementation

Completed

One region

  • Asia-Pacific

One country

USD  
  • Financing
    • Private sector
    • Public sector
  • Size
    • Micro
    • Small
    • Medium
    • Large

GCF financing

InstrumentAmount
GrantUSD 5,000,000
GuaranteeUSD 100,000,000
Total GCF Financing
USD 105,000,000

Co-financing

Co-financerInstrumentAmount
Co-FinancingLoanUSD 133,330,000
Co-FinancingEquityUSD 9,000,000
Co-FinancingIn-kindUSD 30,000
Co-FinancingIn-kindUSD 40,000
Co-FinancingIn-kindUSD 10,000
Co-FinancingIn-kindUSD 290,000
Total Co-Financing
USD 142,700,000

GCF Contacts

General media inquiries

GCF Communications
Phone +82 32 4458 6338 (KST)
Send e-mail

Request for information

GCF Information Disclosure
Request information about this project

Project complaints and grievances

GCF Independent Redress Mechanism (IRM)
Phone +82 32 458 6186 (KST)
File a complaint

Integrity issues

GCF Independent Integrity Unity (IIU)
Phone +82 32 458 6155 (KST)
Send e-mail

Accredited Entity

Korea Development Bank
Ms. Eugina Kim
Primary

Manager and Gender Specialist
Phone +82-2-787-7861
eugina.kim@kdb.co.kr
Ms. Joo Hee Ahn
Secondary

Deputy General Manager
Phone +82-2-787-7864
ttaezzi@kdb.co.kr
More contacts

National Designated Authority

Indonesia
Fiscal Policy Agency, Ministry of Finance
Mr. Febrio Kacaribu Primary
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Phone +62 21 3441 484
ndagcf-indonesia@kemenkeu.go.id
Mrs. Dian Lestari Secondary
Acting Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
Center for Climate Finance and Multilateral Policy, Fiscal Policy Agency, Ministry of Finance, R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No.1,, Jakarta, Indonesia
Phone +62 21 3483 1678
ndagcf-indonesia@kemenkeu.go.id