According to ADB website, the ADB is working with Indonesia to help stimulate Indonesia’s energy sector by support the government’s reform agenda. The project is supporting the government’s efforts to lower subsidies, adopt cost-recovery-based tariffs and boost the performance of state-owned energy companies.
The program is closely aligned with the government's National Medium-Term Development Plan (RPJMN), 2015 2019, the goals of which include (i) expanding electricity access to all Indonesians and increasing per capita consumption from 843 kilowatt-hours to 1,200 kilowatt-hours per year as key goals; (ii) bolstering domestic energy security through expanded production of gas, improved security for downstream oil and oil products, and increased utilization of renewable energy; and (iii) scaling up energy efficiency. The program is also designed to support PLN via the company's Electricity Power Supply Business Plan, 2015 2024. Realizing these goals will require a sustained and multi-year effort. SIEP will be ADB's first policy-based operation in Indonesia that is fully focused on the energy sector. The program takes a chronological approach over the 5-year RPJMN period with three subprograms.
Breakdown of Loan sources:
Loan 3303-INO: Sustainable and Inclusive Energy Program (Subprogram 1)
Ordinary capital resources - US$ 400.00 million
Loan 8293-INO: Sustainable and Inclusive Energy Program (Subprogram 1)
ASEAN Infrastructure Fund - US$ 100.00 million
Loan: Sustainable and Inclusive Energy Program (Subprogram 1)
World Bank - US$ 500.00 million
KfW Bankengruppe - US$ 200.00 million
Agence Francaise de Developpement - US$ 150.00 million
Project Officer: Tharakan, Pradeep J.
Southeast Asia Department, ADB
No contact information provided at the time of disclosure.
Executing Agency: Coordinating Ministry for Economic Affairs
Email Address: WIDJANARDO@KIMPRASWIL.GO.ID
2nd Floor, Jl Lapangan, Banteng Timur 2-4
Jakarta Pusat 10710
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