The Indonesian state-owned Perusahaan Listrik Negara has secured US$380 million support through loan financing from a unit of the World Bank to develop the 1,040 MW Upper Cisokan pumped-storage hydropower plant project in West Java.
The loan agreement with a 24.5-year tenor was signed with the Finance Ministry and the International Bank for Reconstruction and Development (IBRD).
The total project is estimated to cost about US$610 million.
Country updates
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March 02, 2022
PT Geo Dipa Energi selects Jacobs for technical consultancy works of geothermal projects in Java
State-owned geothermal power plant developer PT Geo Dipa Energi (Persero) (GDE) has appointed Jacobs as Subsurface Project Management Consultant for the expansion of the Dieng and Patuha geotherm...
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January 20, 2022
SERD starts commercial operation of the Rantau Dedap geothermal project phase 1 in South Sumatra
PT Supreme Energy Rantau Dedap (SERD), a joint venture between PT Supreme Energy, Engie SA, Marubeni Corporation, and Tohoku Electric Power Co Inc, has achieved commercial operation of the Phase-...
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November 10, 2021
Sembcorp Industries, PT PLN Batam and Suryagen to jointly develop 1 GWp Indonesian solar project
Sembcorp Industries (Sembcorp), Batam’s utility company PT PLN Batam and Indonesian renewable energy developer PT Trisurya Mitra Bersama (Suryagen) have signed an exclusive joint development agr...
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October 05, 2021
CIP New Market Fund I to develop 400 MW projects pipeline in Indonesia
CIP New Market Fund I has entered into a joint venture with the Indonesian affiliate of French Akuo Energy to develop, build and operate a 400MW pipeline of onshore wind, solar and run-of-the-river hy...
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October 05, 2021
CIP New Market Fund I enters renewable energy market in Indonesia after closing of "Project Batavia"
CIP New Market Fund I, a renewable infrastructure fund of Copenhagen Infrastructure Partners (CIP), has entered into a joint venture with the Indonesian affiliate of French Akuo Energy to develop...
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