PT Bajradaya Sentranusa (IFC-40507)

  • Indonesia
Geographic location where the impacts of the investment may be experienced.
Specific Location
Medan, North Sumatra
Whenever identified, the area within countries where the impacts of the investment may be experienced. Exact locations of projects may not be identified fully or at all in project documents. Please review updated project documents and community-led assessments.
Financial Institutions
  • International Finance Corporation (IFC)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Stage of the project cycle. Stages vary by development bank and can include: pending, approval, implementation, and closed or completed.
Bank Risk Rating
Environmental and social categorization assessed by the development bank as a measure of the planned project’s environmental and social impacts. A higher risk rating may require more due diligence to limit or avoid harm to people and the environment. For example, "A" or "B" are risk categories where "A" represents the highest amount of risk. Results will include projects that specifically recorded a rating, all other projects are marked ‘U’ for "Undisclosed."
A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.
  • Hydropower
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
The categories of the bank investment: loan, grant, guarantee, technical assistance, advisory services, equity and fund.
Investment Amount (USD)
$ 80.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Project Cost (USD)
$ 320.00 million
Value listed on project documents at time of disclosure. If necessary, this amount is converted to USD ($) on the date of disclosure. Please review updated project documents for more information.
Primary Source

Original disclosure @ IFC website

Updated in EWS Aug 18, 2021

Disclosed by Bank Apr 25, 2018

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Project Description
If provided by the financial institution, the Early Warning System Team writes a short summary describing the purported development objective of the project and project components. Review the complete project documentation for a detailed description.

According to IFC, the project will support BDSN’s operational 180 MW Asahan-1 hydropower plant (HPP) in North Sumatra, Indonesia. The plant has been fully operational since January 2011 and sells electricity to PLN pursuant to a long-term PPA expiring on Dec 31, 2040 on a take-or-pay basis of 1,175 GWh of electricity per year. Asahan-1 is developed by the Independent Power Producer (IPP) BDSN.

The HPP located 25 km downstream of Lake Toba on the Asahan River in North Sumatra, Indonesia, is approximately 130 km southeast of the city of Medan. Construction restarted in 2006/7 and the HPP was finally commissioned in 2010. The operation and maintenance (O&M) since January 2014 has been contracted to PJB Services (PJBS), a subsidiary of PJB Asahan-1 is a run-of-river scheme developed to utilize the hydraulic head between the Regulating Dam and Siguragura Dam of the pre-existing Asahan-2 project, a three dam cascade developed between 1975-1982 to support the PT Inalum smelter, located on the North Sumatra coastline near Medan. The Asahan-2 scheme, which is not part of this project, comprises a 39 m Regulating Dam, a 47 m, 286 MW Siguragura Dam and HPP, and a 73 m, 317 MW Tangga Dam and HPP. The scheme relies on releases from Lake Toba, the largest volcanic lake in the world, as the Asahan River is the primary drainage of this lake to the Straits of Malacca. The Asahan-1 HPP comprises of a 6.5 km tunnel, 70 m surge shaft, 275 m penstock, powerhouse with two 90 MW Francis turbines, accommodation camp and switchyard (the latter handed over to PLN).

Investment Description
Here you can find a list of individual development financial institutions that finance the project.
Private Actors Description
A Private Actor is a non-governmental body or entity that is the borrower or client of a development project, which can include corporations, private equity and banks. This describes the private actors and their roles in relation to the project, when private actor information is disclosed or has been further researched.

IFC stated that BDSN is an Indonesian company with Fareast Green Energy as the largest shareholder. Fareast Green Energy is a Singaporean private company develop projects in the renewable energy sector. PJB, a PLN subsidiary engaged in electricity generation, is the second largest shareholder of BDSN. PLN is Indonesia’s state-owned electric utility company and has been a key stakeholder in BDSN since its inception.

Private Actor 1 Private Actor 1 Role Private Actor 1 Sector Relation Private Actor 2 Private Actor 2 Role Private Actor 2 Sector
- - - - Fareast Green Energy Ltd Parent Company -
- - - - Perusahaan Listrik Negara (PLN) Buyer -
- - - - PJB Services (PJBS) Contractor -
- - - - PT Bajradaya Sentranusa (BDSN) Client -
Perusahaan Listrik Negara (PLN) Undisclosed - owns PT Pembangkitan Jawa Bali (PJB) Parent Company -

Contact Information
This section aims to support the local communities and local CSO to get to know which stakeholders are involved in a project with their roles and responsibilities. If available, there may be a complaint office for the respective bank which operates independently to receive and determine violations in policy and practice. Independent Accountability Mechanisms receive and respond to complaints. Most Independent Accountability Mechanisms offer two functions for addressing complaints: dispute resolution and compliance review.

Project Contact: President Director of PT Bajradaya Sentranusa
Telephone No.: 62-21-7202117
Email Address:
Office Address: Jln. Wijaya III No. 5, Kebayoran Baru, Jakarta 12160, Indonesia


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