OECD-ADB High-level Roundtable on Green Finance Opportunities in ASEAN, 31 October 2019, OECD, Paris, France

2. DISCLAIMER
This presentation has been prepared by PT Indonesia Infrastructure Finance (“IIF” or the “Company”) exclusively for the
indicated purpose. Terms contained in this presentation are intended for discussion purposes only and are subject to a
definitive agreement. All information contained in this presentation belongs to IIF and may not be copied, distributed or
otherwise disseminated in whole or in part without the prior written consent of IIF.
This presentation has been prepared on the basis of information that is believed to be correct at the time the presentation
was prepared, but that may not have been independently verified. IIF makes no express or implied warranty as to the
accuracy or completeness of any such information.
IIF is not acting as an advisor or agent to any person to whom this presentation is directed. Such persons must make their
own independent assessment of the contents of this presentation, should not treat such content as advice relating to legal,
accounting, taxation, technical or investment matters and should consult their own advisers. Nothing in this presentation is
intended to be, or should be construed as an offer to buy or sell, or invitation to subscribe for, any securities.
Neither the Company nor any of their directors, employees or representatives are to have any liability (including liability to
any person by reason of negligence or negligent misstatement) from any statement, opinion, information or matter (express
or implied) arising out of, contained in or derived from or any omission from the presentation, except liability under statute
that cannot be excluded.
2

3. AGENDA
3
01
02
04
IIF Profile
IIF Capabilities and Financing Considerations
Challenges in Financing Renewable Energy Projects
05 Success Story
03 Indonesia: 5 Year Infrastructure Project Profile

4. IIF Profile
Agenda 1

5. IIF Profile
5
To become the leading catalyst for financing
infrastructure development in Indonesia.
• To ensure investors’ needs are reflected in contractual
structures and concessions.
• To lead in offering a mix of financing instruments
appropriate for infrastructure projects.
• To work with Indonesia’s financial institutions and
other institutional investors to channel the public’s
saving into long term development of Indonesia’s
Infrastructure.
IIF’s Vision & Mission
• IIF is a private company providing infrastructure
financing and advisory services, focuses on
commercially viable infrastructure projects.
• IIF’s purpose is to be a catalyst to accelerate and to
improve private participation in infrastructure
development.
• IIF applies international best practices in credit, risk
management, corporate governance, and social &
environmental protection to ensure sustainability of
infrastructure development in Indonesia.
Brief Overview
SHAREHOLDERS
19.99%
15.12%
14.90%
30.00%
19.99%

6. The Mandated Infrastructure Sectors
6
EXPANDED INFRASTRUCTURE SECTORINITIAL INFRASTRUCTURE SECTOR
Drinking Water Waste Water
Telecommunications
& Informatics
Road
Electricity Irrigation
Transportation
Oil & Gas
▪ SOCIAL INFRASTRUCTURE:
• Urban Facility
• Education Facility
• Sports and Arts Facility
• Territory Facility
• Tourism Facility
• Health Facility
• Penintiary Facility
• Public Housing
• WASTE: Waste Management System
• ELECTRICITY: Energy Conservation
• OIL AND GAS: Renewable Energy
• AGRICULTURE: Food Distribution and
Warehouse
• MANAGEMENT OF INDUSTRIAL TERRITORY:
land acquisition, infrastructure development &
management

7. Financing Products & Advisory Services
7
• Leading expertise in PPP transaction and
project financing
• Financial advisory capability
• Government policy
• Social & Environment expertise
Advisory
To act as a catalyst for private sector investments into Indonesian infrastructure
Investment
• Long term financing, in Rupiah and US Dollar
• Project finance capability
• Expertise in infrastructure financing
Fund Based:
• Senior Loan
• Subordinate Financing / Mezzanine
• Equity Investment
Non Fund Based:
• Guarantee
• Stand-by finance
• Fund raising arranger
Investment Products
• Project Preparation
• Transaction Arranger
• Financial Advisor
• Capacity building for Social & Environment
aspect
• Social & Environment due diligence
Advisory Services
Social & Environmental Principles and International Standard Practices
Business Division

8. IIF Capabilities and Financing Considerations
Agenda 2

9. Support in All Stages of Project Development
9
Project
Preparation
Tender
Project
Construction
Project Operation
End of
Concession
Project Life Cycle
Financing &
Investment
Products
Fund
Based
Non-
Fund
Based
Senior Loan
Subordinated Finance (Mezzanine)
Refinancing
Share Investment
Guarantee
Stand-by Finance
Business Model
Advisory
Products &
Services
Public
and
Private
Institu-
tion
Financial Advisory
FS Preparation
Strategy & Business Advisory
Policy Advisory
Transaction Advisory
Economic and/or Financial Assessment

10. IIF’s S&E Principles
7
❑ Principle 1: Social & Environmental Assessment & Management System (SEMS)
❑ Principle 2: Labor & Working Conditions
❑ Principle 3: Pollution Prevention, Abatement & Climate Change
❑ Principle 4: Community Health, Safety & Security/Dam Safety
❑ Principle 5: Land Acquisition & Involuntary Resettlement
❑ Principle 6: Biodiversity Conservation & Sustainable Natural Resource Management
❑ Principle 7: Indigenous Peoples (IP)
❑ Principle 8: Cultural Property & Heritage
IIF’s S&E Principles is an integrated social & environmental principles to help clients identifying potential
social & environmental risks and the impacts to the project so that each an every infrastructure project
can benefit from internationally best practice of social & environment management and sustainability.

11. Promoting Sustainable Project Financing
7
At pre-financing stage, to
identify the project-
affected social &
environment risks
Action points with target
achievement dates,
implemented for project
lifetime
S & E Due Diligence Corrective Action Plan
Sustainable Project
Development & Operation
Why?
Minimize risks and impact to S&E through mitigation action, which will benefit the project company by
minimizing time-loss (i.e. project interruption), conflicts from workers and surrounding community, and
legal claims, whilst maintain good reputation.
How?
• Conduct gap analysis against IIF’s S&E Principles
• Establish and agreed Corrective Action Plan (“CAP”) with the project company.
• Support & monitor the compliance to CAP

12. Indonesia: 5 Year Infrastructure Project Profile
Agenda 3

13. NATIONAL MID-TERM DEVELOPMENT PLAN
2020-2024
13
Jokowi’s vision for economic development (target economic growth: 5.4 – 6%)
• Investment: remove barriers, improve taxation and boost human development index;
• Infrastructure: improve transport and connectivity between agricultural production centers, industrial zones, special
economic zones, and tourism destinations; and
• 38 Major Projects, prominently is the “New Capital City” Project.
Total
Infrastructure
Investment in
2020-2024:
IDR 6,445 tn
Government:
IDR 2,385 tn
(37%)
SOEs:
IDR 1,353 tn
(21%)
Private:
IDR 2,707 tn
(42%)
Source: Bappenas Calculation (2019)
Infrastructure Investment
Funding Needs 2020-2024
to financefunded by
IDR
89.4 T
19.2% State
Budget
• Basic infrastructure
• Development of national palace,
TNI/Polri’s strategic building
• Official housing for government
employee/TNI/Polri
• Land acquisition
• Open space
• Military base
to financefunded by
IDR
253.4 T
54.4%
PPP
• Executive, legislative, and judiciary
building
• Development of main infrastructure
(excluding ones developed by state
budget)
• Education and health facilities
• Museum, penitentiary
• Other supporting infrastructure
to financefunded by
IDR
123.2 T
26.4% Private
(Including
SOE)
• Public housing
• Development of university
• Science-technopark
• Expansion of airport, port, and toll road
• Health facility
• Shopping mall
• MICE
Financing for New Capital City involves Private/SOEs role
PPP and Private are expected to be the main source for financing

14. INFRASTRUCTURE DEVELOPMENT TARGET PERFORMANCE IN 2024
Basic Infrastructure
Household on proper housing
→ 52.78%
House with safe and proper
drinking water access →
75.34%
House with proper sanitation
→ 90%, including safe access
20%
House connection with
proper piped drinking water
access → 24.45 million
New irrigation network → 500
thousands hectares
Additional industrial and
domestic bulk water →
90 m3/second
New multipurpose dam →
58 projects
Water usage efficiency→
IDR 74,000/m3
Road accident fatality ratio
→ 1.37/10,000 vehicles
Energy and Electricity
CO2 emission in power
plant → 323.9 million ton
Electricity consumption
per capita → 1.500 kwh
City gas network → 4
million new house
connection
Economic Infrastructure
High speed train → Jakarta-
Surabaya and Jakarta-
Bandung
Cargo Train → Makassar-
Parepare
Main roads traveling time
reduction → 2.2 hours/100 km
New toll roads: 2,000 km
New national roads: 2,500 km
National road on great
condition: 98%
Looping shipping route→ 27%
Standardization on
performance and management
of integrated port → 7 hub
ports
SAR response time → 30
minutes
On Time Performance: 95%
New airports → 25
Route developments → 30
new routes
Urban Infrastructure
Mass transportation → 6
metropolitan cities
Housing with well-managed
waste access → 80% managed
20% reduced
Digital Transformation
ICT Development Index → 5.0
– 5.3
Internet speed
Fixed → 25 Mbps
Mobile → 20 Mbps
Fiber optic network coverage
→ 75% subdistrict
Analog switch off
→ 100% digital broadcast
3 new unicorn startup
→ 100% digital broadcast
Renewable Energy

15. RPJMN 2020-2024 MAJOR PROGRAMS ARE MOSTLY IN
INFRASTRUCTURE SECTORS
15
Priority Program 1
BASIC
INFRASTRUCTURE
Provision of 100,000
unit of proper housing
Enhancement of safe
and proper sanitation
access (waste water)
Development of 10
million house
connection to safe
and proper drinking
water access
Citarum Harum
management
Expansion of
clean water
distribution in all
region
Integrated
management of
north coast of
Java
Development of
Multipurpose dam and
irrigation modernization
➢ Sea dike
integrated
Semarang-
Demak toll
road
Priority Program 2
CONNECTIVITY
STRENGTHENING
Development of 7
integrated sea ports
network
Development of Cargo
Train:
➢ Makassar-
Parepare train
Development of Trans
Sumatera Toll Road
Development of High
Speed Train Jakarta-
Semarang-Surabaya &
Jakarta-Bandung
Development of Trans
Papua Road
Development of Papua
air connectivity
Development of road
in outermost islands
(Morotai, Nias,
Saumlaki, Sumba, etc)
Priority Program 3
URBAN
INFRASTRUCTURE
Mass transportation
system in 6
metropolitan cities
➢ Jakarta, Surabaya, Medan,
Bandung, Semarang, and
Makassar
Development of city gas
infrastructure
Priority Program 4
ENERGY AND
ELECTRICITY
Completion of 35,000
MW program
Refinery revitalization (Balikpapan,
Cilacap, Balongan, Dumai) and
Development of 2 new refinery (Tuban &
Bontang)
Development of Trans Kalimantan gas
pipe
Priority Program 5
DIGITAL
TRANSFORMATION
Digital transformation
program
➢ Completion of IT infrastructure (multifunction satellite and last-mile)
➢ From other sectors (utilization)

16. INFRASTRUCTURE SECTOR UPDATE – RENEWABLE ENERGY
16
Project Name Status as of September 2019
Source: public information Sep 2019
Electricity
• Key update on RUPTL 2019-2028:
• Projected electricity need growth decreased from 6.86% and to 6.42% (this
considered still too optimistic given average growth of 4.6% in the last 5-years).
• Planned Power Plant Development slightly increased from 56.024 MW to 56.395
MW.
• Energy Mix 2025 projected as: Coal 54.6%; Renewable Energy 23.0%; Gas 22.0%;
and Fuel Oil 0.4%.
• To help increase RE portfolio, PLN started the tender for several solar PV projects:
• PLTS Cirata, tender process started in Q2 2019, floating solar PV with
unsolicited proposal from Masdar (UAE group company).
• PLTS Bali consisted of PLTS West Bali (25 MW) and PLTS East Bali (25 MW),
will be in tender process Q3 2019.
Update on RUPTL
2019-2028
• PLTSa DKI Jakarta: ground breaking has been held in Dec 2018; starting construction.
• PLTSa Tangerang: preparing tender process, project award planned in Q4 2019.
• PLTSa Legok Nangka: in project preparation phase; assisted by IFC and JICA.
• PLTSa Semarang: in project preparation phase, assisted by Australian bilateral support
(KIAT).
• PLTSa Surakarta: Phase-1 operation planned in Q2 2019, Phase-2 COD planned in 2020.
• PLTSa Surabaya: first unit in operation, second unit scheduled COD by end of 2019.
• PLTSa Makassar: finalization of the Pre-FS, with bilateral support for South Korea (KEITI,
KECC, and GTC).
• PLTSa Denpasar: Project awarded to Indonesia-Power and Waskita Karta consortium,
financial close and construction pending to enactment of local regulation on tipping
fees.
Waste-to-Energy
Projects

17. INFRASTRUCTURE SECTOR UPDATE – OTHER SECTOR (1/2)
17
Increasing Number of
Unsolicited Projects
• Waskita Toll Road has successfully signed CSPA with Hongkong investor in which Solo-Ngawi
and Ngawi-Kertosono toll roads are to be purchased by Road King Infrastructure at 1.06x PBV
and 1.48x PBV respectively.
• Remaining assets planned to be divested by PT Waskita Toll Road: Batang-Semarang, Depok-
Antasari, Cinere-Serpong, and Krian-Bunder.
Divestment on several
SOE’s
Toll Road
Project Name Status as of September 2019
• In 2019, the newly opened 503 km-length Trans Sumatera Toll Road supported the flow of June
Lebaran traffic.
• In Sep 19, PT Pembangunan Perumahan (Persero) Tbk signed a toll road concession agreement
with BPJT for 27 KM long Semarang-Demak with estimated project cost of IDR 15 tn.
Trans Jawa and
Trans Sumatera
Toll Road
• In the period 2018-2019, 11 proposals for the construction of unsolicited toll roads with
investment costs of IDR 212.29 trillion have been proposed, of which awards pending to the
completion and evaluation of project documents. One of them is Solo-Yogyakarta toll road which
has been approved by PUPR, but still waiting for approval of the Governor of Yogyakarta.
Source: public information Sep 2019
SPAM
West Semarang
SPAM
Umbulan
• Up to Sep 2019, construction progress achieve 2.4% with capacity 1.000 lps. This project will
cover 420 thousand people.
• The project received loan IDR 265 bio from BCA (project size IDR 417 bio).
• IIF involved as preparation and transaction advisor for government institutions.
• Construction progress has achieved 83.5%.. This project will cover 1.3 million people in East Java
Province.
• VGF valued IDR 818 bio, concession duration 25 years since construction finished, project size
IDR 2.05 trillion.
Toll Road
Water
SPAM-Regional
• Ministry of PUPR is preparing Regional Water Supply Systems (SPAM-R), identifying
legal and institutional needs to scale-up the SPAM-R nationwide, select willing local
governments, develop National SPAM-R Plan, and preparing project Pre-FS with targeted
completion in 2020.

18. INFRASTRUCTURE SECTOR UPDATE – OTHER SECTOR (2/2)
18
Project Name Status as of September 2019
Source: public information Sep 2019
Transportation
• Project awarded to PT PP (Persero) as leader of consortium (other members include PT
Bumi Karsa, PT China Communication Construction Engineering Indonesia, dan PT Iroda
Mitra).
• Financial close planned in Q2 2019, and COD by end of 2020. Project utilize availability
payment scheme and design-build-finance-operation-maintenance for 18.5 years.
Makassar – Parepare
Railways
Labuan Bajo Airport
Hang Nadim Airport
Patimban Seaport
• MoT announced in early Oct 19 that a consortium consisting Cardig and Changi was the only
bidder which passed the first stage of the bidding process.
• After the second stage of the bidding process, MoT will be able to announce the definitive
winner (expected end of year).
• IIF, together with KPMG, is in final stage of documentation to advise one of the international
consortiums.
• RFP for the bidding process is expected to be issued in Q4 2019.
• Scope of services: build a terminal for 2 airports, and a new cargo place, repairing terminal 1
airport.
• Government has decided that Patimban Port is to be awarded to Indonesian and Japanese
private sector, and that SOE is not allowed to participate
• Cargo capacity of 3.5 million TEUs in Phase I, up to 5.5 million TEUs in Phase II and will reach
7.5 million TEUs in Phase III.
• Initial operation expected in 2020, including car terminal with capacity up to 300,000 vehicles.
• GoI offers a new airport project under PPP scheme located in Singkawang West Kalimantan in
a market sounding event in Oct 19.
• The airport development will need IDR 4.3 tn in investment and is projected to be completed in
2023.
Singkawang Airport

19. Renewable Energy:
Potential, Challenges and Solutions
Agenda 4

20. 20
Indonesia Future Renewable Energy at Glance:
It appears to be national strategic plan to achieve in the next 10 years
Capacity 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 Total
Geothermal MW 190 151 147 455 245 415 2,759 45 145 55 4,607
Hydro MW 154 326 755 - 182 1,484 3,047 129 466 1,467 8,009
Mini Hydro MW 140 238 479 200 168 232 27 20 20 10 1,534
Solar MW 63 78 219 129 160 4 250 - 2 2 908
Wind MW - - 30 360 260 50 150 - - 5 855
Biomass MW 12 139 60 357 50 103 19 5 15 35 794
Ocean Wave MW - - 7 - - - - - - - 7
Total MW 560 933 1,697 1,501 1,065 1,065 6,251 199 648 1,574 16,714
2019-2028 TARGET ADDITIONAL RENEWABLE ENERGY
Geothermal
28%
Hydro
48%
Mini Hydro
9%
Solar
5%
Wind
5%
Biomass
5%
Ocean Wave
0.04%
RENEWABLE ENERGY 2019-2028 MIX • Until May 2019, the new renewable energy mix had reached
13.42% with the largest portion being in hydro power.
• By 2029, it is targeted that there will be significant additional
electricity power from renewable energy sources. It is expected
to increase by 16,714 MW installed capacity (c. 30% of total
Energy Mix 56,395 MW).
• From the total of 16,714 MW, Hydro Power Plant and
Geothermal Power Plant accounts for 76% of target volume
(eqv. 12,616 MW).
• More than US$100 bio investments requirements

21. 21
Indonesia Future Renewable Energy at Glance:
Optimization rate of renewable natural resources is considered low as not
much energy has been produced from abundant sources
No
Renewable
Energy Sources
Potential Energy
Installed
Capacity
Optimizat
ion Rate
1 Geothermal 29,544 MW 1,438 MW 4.9%
2 Hydro 75,091 MW 4,827 MW 6.4%
3 Mini-Hydro 19,385 MW 197 MW 1.0%
4 Bio Energy 32,654 MW 1,671 MW 5.1%
5 Solar 207,898 MW 78 MW 0.1%
6 Wind 60,647 MW 3,1 MW 0.0%
• Geothermal, Hydro, and Mini Hydro will be
the key energy for most of Java, Sumatera,
and Eastern Kalimantan. Potential Solar and
Wind is distributed in Nusa Tenggara,
Sulawesi, and Papua.
• Bio Energy will be the alternatives in some
highly populated city, i.e. Jakarta, Bandung,
Semarang, Surabaya, and Makassar.
Indonesia Potential Renewable Energy Sources Distribution
Geothermal
Hydro and Minihydro
Biomass
Solar
Wind

22. • IIF commits to embrace Social & Environment
awareness in every project that we are involved
in.
• Take or pay terms shall be regulated in all PPA
• With the establishment of better supported
infrastructure, such as: PLN transmission and
road, absorbed electricity can be optimized.
• In depth assessment on sponsor capacity
(financial and experience in related business)
shall be conducted. This is part of security
assurance for the business continuation.
• Negotiate for compensation for supply risk; i.e.
Water Credit in PPA to compensate for low
production due to low water debit
22
Challenges and Solutions for Renewable Energy Financing
SOLUTION FOR EACH CHALLENGES
• Sponsor capacity is critical during
construction and operation stage
• High dependency in natural condition
(Debit water for hydro/ mini hydro;
irradiance for solar)
Supply Risk
• High frequent maintenance lower
transmitting hour
• 20kV transmission line is typically
susceptible to black out
Low Electricity
Absorption
• Low feed in tariff
• No LT Commitment (Annual Production
Declaration instead of Long Term Take or
Pay)
• BOT Scheme limits IRR
Bankability of PPA
• Renewable energy project that is situated
in forestry area or highly populated area
are prone to social & environment issues
• Dam in hydro projects should not
negatively impact biodiversity
Social and
Environment
Cost Overrun

23. S&E Assessment
7
Mini Hydro
▪ Catchment area
▪ Ecosystem services
▪ Cumulative impact
▪ Land acquisition
▪ Community perception
▪ Construction phase: mobilization & demobilization, landslide, sediment control,
housekeeping, basecamp, community safety.
Wind Farming
▪ Bird strike
▪ Shadow flicker
▪ Land acquisition
▪ Community perception
▪ Construction phase: mobilization & demobilization, housekeeping, community safety,
basecamp.
Solar PV
▪ Land acquisition
▪ Community perception
▪ Construction phase: mobilization & demobilization, landslide, housekeeping,
basecamp.
S&E aspect is unique on project by project basis, both due to the type of the power plant and the surrounding
area of the project.

24. Success Story
Agenda 5

25. Portfolio on Renewable Energy Project
25
Mini Hydro Power Plant
▪ 2X5MW mini
hydro power
plant in West
Sumatra
▪ Senior Loan with
10 years tenor
▪ Greenfield Project
Finance
Wind Farm
▪ 70 MW wind
power plant in
South Sulawesi.
▪ Credit
Guarantee with
16.5 years
guarantee
period
▪ Greenfield
Project Finance
Geothermal Power Plant
▪ 227 MW
geothermal
power plant in
West Java.
▪ Bond holding
with 15 years
maturity
▪ US$ Green Bond
2MW Gorontalo solar-powered power plant
▪ 2 MW solar
power plant in
Gorontalo
▪ Senior Loan
with 8 years
tenor
▪ Greenfield
Project Finance
180 MW Hydro power plant in Sumatra
▪ 2x90 MW
hydro power
plan in North
Sumatera
▪ Senior Loan
with 15 years
tenor
▪ Operating
Project
Mini Hydro Power Plant
▪ 3X3.7MW mini
hydro power
plant in Sulawesi
▪ Senior Loan with
12 years tenor
▪ Greenfield
Project Finance
Mini Hydro Power Plant
▪ 2X5MW mini
hydro power
plant in North
Sumatera
▪ Senior Loan with
15 years tenor
▪ Greenfield
Project Finance

26. 26
Issues during early
operation
Initial plan
Actions taken
A 10 MW Mini-Hydro Power Plant Project in West Sumatera
- This project is a 10 MW installed capacity mini hydro power plant that has reached COD in
December 2016. Supported by average of 14.3 m3/s water discharge, the power plant has
sufficient water supply to produce at full capacity. Given a sufficient water supply, project
company targeted a 51.3% capacity factor every year.
- Project company connected the power plan to low voltage transmission line of 20kV, which will
switch to 150 kV transmission line upon the completion of new Substation in 2018. Absorbed
electricity will be paid by PLN as the sole buyer under agreed Power Purchase Agreement (PPA).
- After 1 year of operation, projects absorption rate was only 38% of total installed capacity. It
reached the lowest average absorption rate in December 2017 of 1.5 MW (or 15% absorption
rate). Low absorption rate in 2017 was caused by 2 main factors: (1) Low demand, (2) Delay in
completion of new Substation.
- There is no long term commitment in electricity absorption, production is declared annually and
take or pay clause is not available in the PPA.
- Increase Demand.
Project company management has approached regional PLN for a wider coverage to grab
additional demand. To ensure a better absorption rate, the company made investment to
improve the transmission line capacity.
- Performance Monitoring.
To get early warning signal, IIF closely monitored monthly absorption rate and regularly
conducted discussion with project management. In 2018, absorption rate recorded improvement
and reached the highest absorption rate in 2019 (5.1 MW). On average, most mini hydro projects
generate 60% absorption rate.
Case Study

27. 27
Issues during early
operation
Initial plan
Actions taken
A 2 MW Solar Power Plant Project in Gorontalo
- This project is a 2 MW installed capacity solar power plant that reached COD in February 2016.
Project company agreed to sell the electricity to PLN under 20 years Power Purchase Agreement
(PPA). This PPA was equipped with blackout compensation arrangement. This power house is
connected to low voltage 20kV transmission line of Sulutenggo.
- In the early stage of this project, project company expected the power plant to optimally produce
the electricity during the daylight (6-8 hours). By having a sufficient irradiance in the area,
management expected a stable production and absorption during operational.
- In 2017, project company reported that they cannot reach the expected revenue due to blackout
caused by extreme weather.
- In addition, the blackout was often occurred during the peak hour of solar power plant, which last
for 4 hours between 10.00 – 14.00. Furthermore, maintenance by local PLN to restore the
blackout or to conduct regular maintenance also occurred at production peak hours and reduced
company's production hour significantly
- Along the transmission line, there were landslide points and fallen trees that interfere the
transmission line during extreme weather.
- Compensation arrangement in PPA.
Project company is secured with blackout compensation arrangement in the PPA, that the
company is able to maintain 85% of target revenue is achieved.
- Undertaking from parent company.
To make the project more bankable, IIF requested for undertaking from parents of project
company to support the project company if any cash support is required.
- Improvement on preventive action and maintenance hour.
IIF requested the company to approach PLN so that they can make preventive actions and better
plan their maintenance hours.
- In 2018, absorption rate of project company reached 108% of annual declared production.
Case Study