Full Bleed Image Full Bleed Image

Single Project Single Project

Last updated

projectFP083

Indonesia Geothermal Resource Risk Mitigation Project

112200000
TONNES of CO2 Anticipated tonnes of CO2 equivalent avoided

Impact

Mitigation
GCF results area
  • Energy generation and access

Location & People

Region
  • Asia-Pacific
Country
  • Indonesia IDN

Investment Data

  • Financing:
    • Public
    • Public / Private
    • Private
  • Project size:
    • Micro
    • Small
    • Medium
    • Large
  • E&S Risk category:
    • Category I1
    • Category I2
    • Category I3
Total project investment
GCF Financing
  • Instrument Loan USD
  • Instrument Grant USD
  • Instrument Grant USD
Co-Financing
  • International Bank for Reconstruction and Development (IBRD) Loan USD
  • Ministry of Finance of Indonesia / PT Sarana Multi Infrastruktur   USD
  • Private sector Equity USD

Figures indicated are for tranche 1 of the project.

Project owners

Accredited Entity Executing Entity
  • PT Sarana Multi Infrastruktur (Persero) Indonesia
Indonesia Geothermal Resource Risk Mitigation Project Approved October 2018 Est. implementation period 10.0 years
Harnessing geothermal energy development to help reduce greenhouse gas emissions while meeting electrification needs in Indonesia.

As an emerging economy with a goal to reach 99.7 percent national electrification by 2025, Indonesia’s energy demands are increasing. The country has the world’s largest estimated potential for geothermal energy resources, but its development has been limited due to risky and expensive early-stage development costs. These barriers are further exacerbated by the geothermal tariff framework which needs to be competitive to enable private sector investment.

This project aims to help the Government of Indonesia scale up geothermal energy development by introducing a well-designed upstream risk mitigation mechanism and by promoting a conducive regulatory environment. Under this project, both public and private sector geothermal developers will have access to funds to help mitigate early stage development risks. The geothermal resource risk mitigation facility will provide contingent financing and soft loans for resource confirmation drilling.

The project has an estimated lifespan of 10 years.
Type
Document title
Published date
ESS report FP083 - WBG - Indonesia 28 Sep 2018
Approved funding proposal FP083 - World Bank - Indonesia 28 Nov 2018
Gender action plan FP083 - World Bank - Indonesia 10 Jan 2019
Gender assessment FP083 - World Bank - Indonesia 10 Jan 2019
Accredited Entity
  • International Bank for Reconstruction and Development and International Development Association (World Bank) Ms. Claudia Croce Tel: +1 202 458 1697
^ Back to top