Sustainable and Inclusive Energy Program (Subprogram 2) (ADB-49043-002)

Regions
  • East Asia and Pacific
Where the impacts of the investment may be experienced.
Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Asian Development Bank (ADB)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Approved
Bank Risk Rating
B
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Sep 14, 2017
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
Government of Indonesia
The holder of the loan, grant, or other investment.
Sectors
  • Energy
The service or industry focus of the investment. A project can have several sectors.
Investment Type(s)
Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Loan Amount (USD)
$ 400.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Project Cost (USD)
$ 720.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please see updated project documentation for more information.
Primary Source

Original disclosure @ ADB website

Updated in EWS Oct 13, 2018

Disclosed by Bank Sep 19, 2017


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Project Description

According to bank documents, Subprogram 2 supports the revival of Indonesia’s underperforming energy sector through reforms initiated in 2014–2015, which aim to (i) improve fiscal sustainability and governance, (ii) expand private investment in the power and gas markets, and (iii) provide access to clean energy options for all Indonesians.

 

Investment Description
  • Asian Development Bank (ADB)

ASEAN Infrastructure Fund US$ 100 million

The bank PDS mentions funding from KfW Bankengruppe US$ 210.00 million and Agence Francaise de Developpement US$ 110.00 million

Contact Information

Project Officer: Florian Kitt
Southeast Asia Department, ADB
No contact information provided at the time of disclosure. 

Implementing Agency: Coordinating Ministry for Economic Affairs (Kementerian Koordinator Bidang Perekonomian (KKBP))
Email Address: WIDJANARDO@KIMPRASWIL.GO.ID
Office Addres: 2nd Floor, Jl Lapangan, Banteng Timur 2-4, Jakarta Pusat 10710

ACCOUNTABILITY MECHANISM OF ADB

The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main