Loading grant details…
China Eximbank provides $117 million preferential buyer’s credit for 110MW Jatigede Hydropower Plant Construction Project (Linked to Record ID#38861)
| Funder | Export-Import Bank of China (China Eximbank) |
|---|---|
| Recipient Organization | Government of Indonesia |
| Country | Indonesia |
| Start Date | Sep 03, 2013 |
| End Date | Sep 22, 2032 |
| Duration | 6,959 days |
| Number of Grantees | 1 |
| Roles | Recipient |
| Data Source | AidData Chinese Aid |
| Grant ID | 39375 |
Grant Description
China Eximbank provides $117 million preferential buyer’s credit for 110MW Jatigede Hydropower Plant Construction Project On September 3, 2013, China Eximbank and the Government of Indonesia signed a $117,000,000 preferential buyer's credit (PBC) agreement [China Eximbank PBC No. (31) Total No. (275)] for the Jatigede Hydropower Plant Construction Project.
The PBC carried the following borrowing terms: a maturity of 11y 10m 18d, a grace period of 2y 4m 18d, an interest rate of 3.00%, and a 0.2% management fee, and a commitment fee of 0.2%. The loan went into effect on September 3, 2014 and its closing date was September 9, 2016.
The first principal payment was scheduled for January 21, 2016 and the last principal payment was scheduled for July 21, 2025. The condition precedent for the first disbursement was fulfilled, and first loan withdrawal was on December 24, 2013.
The proceeds of the PBC were to be used by the borrower to partially finance a $135 million commercial (EPC) contract between Perusahaan Listrik Negara (PLN) — an Indonesian state-owned electricity company — and Sinohydro Corporation Limited.
The purpose of the project was to construct a 110MW hydroelectric power plant on the Cimanuk River in Sumedang Regency, West Java.
It is located 19 km (12 mi) east of the town of Sumedang (exact locational coordinates: 6°51′23″S 108°05′41″E). Sinohydro Corporation Limited and a consortium of Indonesian contractors were responsible for project implementation. Donfang Electric Corporation (DEC) was the supplier of two 55 MW water turbine-generator sets.
Construction commenced on October 2, 2015.
The plant's construction reached a 73% completion rate in October 2019 after developers finished excavating a 2,200 meter tunnel to channel water from the reservoir to the dam's turbines. Then, in December 2019, PLN announced that the 110MW hydropower plant was expected to start operations in 2020. China Eximbank also provided a separate loan for Jatigede Dam Construction Project (captured in Record ID#38861).
In 2021, the project was completed and began operating.
Staff Comments
- This project is also known as Jatigede Dam Phase 2. The Chinese project title is 印度尼西亚佳蒂格德水电站.
- The China Eximbank loan that supported this project is not included in the Overseas Development Finance Dataset that Boston University’s Global Development Policy Center published in December 2020.
- This project is linked to Project ID#38861.
Sources & References
- List of Planned Priority External Loans (DRPPLN) 2013 Ministry
- Jatigede Dam Project
- Laporan Perkembangan Pinjaman dan Hibah Triwulan III Tahun 2013
- Loan and Grant Development 2013 Quarter IV Report
- 扎根印尼 砥砺前行
- 重大项目, 2017 Annual Report
- Dam development in Indonesia
- JATIGEDE DAM
- AN IMPACT ANALYSIS OF JATIGEDE DAM PROJECT AFFECTED PEOPLE (PAPS) ON ECONOMIC
- SOCIAL
- AND CULTURE
- Resettlement Caused by Jatigede Dam Project-Consequence of Long Delayed Implementation of a Project
- Sustainability Impact Assessment of Jatigede Dam in Sumedang Regency
- West Java Loan applications and disbursements are still being received and processed as the projects continue to evolve. Ongoing monitoring and evaluation are in place to ensure project continuity.
All Grantees
Government of Indonesia
Interested in applying for this grant?
Complete our application form to express your interest and we'll guide you through the process.
Apply for This GrantQuick Summary
Related Grants
