Indonesia Geothermal Resource Risk Mitigation Project (GCF-FP083)

Countries
  • Indonesia
Where the impacts of the investment may be experienced.
Financial Institutions
  • Green Climate Fund (GCF)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Proposed
Bank Risk Rating
U
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
Dec 15, 2018
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
World Bank
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)
Grant, Loan
The categories of the bank investment: loan, grant, etc.
Loan Amount (USD)
$ 25.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Grant Amount (USD)
$ 160.00 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)
$ 510.00 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 @ GCF website

Updated in EWS Jul 29, 2020


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Project Description

According to the GCF document, "the proposed Project will provide financing instruments to mitigate resource risk, which is the key barrier to geothermal development in Indonesia. The Project will contribute to Indonesia’s geothermal development goal of adding 5.8 GW by 2026 The Project includes a risk mitigation facility for geothermal resource confirmation (including exploration and delineation/test drilling) and technical assistance. GCF funds will be used to provide soft financing to public developers (GCF soft loan), and to subscribe to convertible bonds issued by private developers (GCF reimbursable grant). Mitigation of the drilling risk is possible because of the level of concessionality and the characteristics of the GCF reimbursable grant."

Investment Description
  • Green Climate Fund (GCF)
World Bank: US$ 325 million

 

GCF: US$25 million soft loan, US$150 million reimbursable grant, and US$10 million grant
Contact Information

The World Bank
Peter Johansen, Senior Energy Specialist
Email: pjohansen@worldbank.org
Telephone:+1.202.458.5578
1818 H Street NW, Washington DC 20433


ACCESS TO INFORMATION

Requests for project information may be submitted using the IDP Request for Information by email to: disclosure@gcfund.org.

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