Indonesia: Geothermal Energy Upstream Development Project (WB-P155047)

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
  • World Bank (WB)
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
A
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
Feb 9, 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
Ministry of Finance, Ministry of Energy and Mineral Resource
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)
$ 98.00 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)
$ 98.00 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)
$ 49.00 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)
$ 98.00 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 @ WB website

Updated in EWS Oct 5, 2018

Disclosed by Bank Jul 29, 2015


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Project Description

According to World Bank website, the development objective of Geothermal Energy Upstream Development Project for Indonesia is to facilitate investment in geothermal power generation and reduce greenhouse gas emissions. This project has two components:

1. Risk Mitigation for Geothermal Exploration Drilling, will finance a program of activities designed to support geothermal exploration drilling in Indonesia, through: (a) drilling of exploration and confirmation wells; (b) constructing access roads and other associated infrastructure to facilitate the drilling activities, at select geothermal sites; and (c) implementation of measures set forth in the Safeguards Instruments.

2. Capacity Building on Geothermal Exploration and Environmental and Social Safeguards Management, will finance a program of capacity building designed to establish an efficient and effective geothermal energy exploration and tendering program.

Investment Description
  • World Bank (WB)
Contact Information

Team Leader: Peter Johansen
Senior Energy Specialist, World Bank
Contact No.: 458-5578
Email Address: pjohansen@worldbank.org

Borrower/Client/Recipient: Ministry of Finance
Mr. Bambang Brojonegoro, Head of Fiscal Policy Office
Contact No.: 62-21-3441484
Email Address: aristalyakusuma@gmail.com

Implementing Agency: Ministry of Energy and Mineral Resources
Maritje Hutapea, Director
Contact No.: 620213804242
Email Address: mhutapea@hotmail.com

ACCOUNTABILITY MECHANISM OF WORLD BANK

The World Bank Inspection Panel is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by a World Bank-financed project. If you submit a complaint to the Inspection Panel, they may investigate to assess whether the World Bank is following its own policies and procedures for preventing harm to people or the environment. You can contact the Inspection Panel or submit a complaint by emailing ipanel@worldbank.org. You can learn more about the Inspection Panel and how to file a complaint at: http://ewebapps.worldbank.org/apps/ip/Pages/Home.aspx.