According to the bank's website, the project "will support PLN's development of the Upper Cisokan Pumped Storage (UCPS) Hydropower Plant, including its environmental and social impact management, implementation, and monitoring, as well as capacity building for PLN in hydropower project preparation and management. World Bank (WB) is the leading bank and will co-finance with AIIB". It aims to "support Indonesia's energy transition and decarbonization goal by (i) developing the first large-scale pumped storage hydropower to improve power generation peaking and storage capacity of the Java-Bali grid and (ii) strengthening PLN's capacity for hydropower development and management".
The World Bank is also providing an amount of 380 million USD for this project.
Senior Private Sector Operations Specialist, AIIB
Stephan Claude Frederic Garnier
Lead Energy Specialist, World Bank
Director General of Budget Financing and Risk Management Ministry of Finance, Republic of Indonesia
Director of Corporate Planning
ACCESS TO INFORMATION
You can submit an information request for project information at: https://www.aiib.org/en/contact/information-request/index.html
ACCOUNTABILITY MECHANISM OF AIIB
The AIIB has established the Accountability Mechanism for Project-Affected People (PPM). The PPM provides Òan opportunity for an independent and impartial review of submissions from Project-affected people who believe they have been or are likely to be adversely affected by AIIBÕs failure to implement the ESP in situations when their concerns cannot be addressed satisfactorily through Project level GRMs or AIIB Management processes.Ó Two or more project-affected people can file a complaint. Under the current AIIB policy, when the bank co-finances a project with another development bank, it may apply the other bank's standards. You can refer to the Project Summary Information document to find out which standards apply. You can learn more about the PPM and how to file a complaint at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/how-we-assist-you/index.html
The complaint submission form can be accessed in Arabic, Bahasa Indonesia, Bengali, Chinese, English, Tagalog, Hindi, Nepali, Russian, Turkish, or Urdu. The submission form can be found at: https://www.aiib.org/en/about-aiib/who-we-are/project-affected-peoples-mechanism/submission/index.html