Early Warning System

Regions

East Asia and Pacific

Geographic location where the impacts of the investment may be experienced.

Countries

Indonesia

Geographic location where the impacts of the investment may be experienced.

Specific Location

Central Java, West Java

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

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

Proposed

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."

Borrower

PT Geo Dipa Energi (Persero)

A public entity (government or state-owned) provided with funds or financial support to manage and/or implement a project.

Sectors

Construction
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, guarantee, technical assistance, advisory services, equity and fund.

Investment Amount (USD)

$ 150.00 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.

Other Related Projects

Primary Source

Original disclosure @ ADB website

Updated in EWS Mar 11, 2024

Disclosed by Bank Mar 6, 2024

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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.

As stated by the ADB, the project contributes to an increase in geothermal energy in the Indonesian power supply.

Early Warning System Project Analysis

For a project with severe or irreversible impacts to local community and natural resources, the Early Warning System Team may conduct a thorough analysis regarding its potential impacts to human and environmental rights.

The ADB categorized the project E&S risks as follows:

Environment	B
Involuntary Resettlement	B
Indigenous Peoples	C

Investment Description

Here you can find a list of individual development financial institutions that finance the project.

Asian Development Bank (ADB)

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.

As stated on the company's LinkedIn profile, PT Geo Dipa Energi (Persero) is a State-owned company specializing in geothermal energy.

The ADB stated that PT Geo Dipa Energi (GDE) was formed in 2002 as a joint venture company of Pertamina and PLN to manage and develop the geothermal working areas at Dieng and Patuha, which are among the 2 GW of working areas allocated for SOE development. GDE negotiated a PPA with PLN in 2004 for both Dieng and Patuha, covering the generation of up to 400 MW at each site. In 2011, the government reorganized GDE from a joint venture to a limited liability company and took over the 67% of shares owned by Pertamina. Equity injections from the government have increased its shareholding to 93.3%, while PLN holds 6.7%. GDE operates a 55 MW power plant at Dieng (Dieng Unit 1) and a 55 MW power plant at Patuha (Patuha Unit 1).

Private Actor 1	Private Actor 1 Role	Private Actor 1 Sector	Relation	Private Actor 2	Private Actor 2 Role	Private Actor 2 Sector
-	-	-	-	PT Geo Dipa Energi	Client	Energy

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.

ADB Team Leader:

Daniel Miller - Senior Finance Specialist

No contacts provided at the time of disclosure.

Client - PT Geo Dipa Energi (Persero):

Riki Firmandha Ibrahim - President Director
Phone: +6221 7982925
Email: rfi@geodipa.co.id
Address: Jl. Warung Jati Barat No. 75, Aldevco Octagon 2nd Floor, Jakarta Selatan, DKI Jakarta 12740, ID
Website: https://www.geodipa.co.id/

ACCESS TO INFORMATION

You can submit an information request for project information at: https://www.adb.org/forms/request-information-form

ADB has a two-stage appeals process for requesters who believe that ADB has denied their request for information in violation of its Access to Information Policy. You can learn more about filing an appeal at: https://www.adb.org/site/disclosure/appeals

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.