Investor Presentaiton
Central Java Power Plant
Name of the speaker and email contact: Sinthya Roesly (CEO of IIGF); [email protected]
Public Organization, managing the public interest: PT PLN (State Electricity Company) as the Contracting Agency
Private Organization, developing the project: PT BPI (J-Power, Itochu & Adaro consortium) as the Project Company
Capital Providers, financing the project: JBIC & several commercial banks
Why is this project a Case Study for PPPs: The CJPP is the national strategic project to
be well-prepared as a benchmark PPP transaction
Why is this project a Case Study for PPPs based on SDGs:
Context
Strategy
Project KPI's
Impact
Scale up & replicate →
Management Team →
->
>
Realizing CJPP as the 1st PPP Project under Indonesia PPP
regulation Year 2005
Supporting the Project through MoF fiscal support, including the
IIGF Guarantee
Support economic growth, improve public service provision
Without the Project, Gol can not meet the needs of power to
cover the electricity demand in the Java-Bali which grew >7
percent annually
As the PPP model project, the PPP process, documentation has
been replicated to other sectors. Other countries may also benefit
from the government guarantee model provided to PPP project
(i.e. IIGF guarantee) with more accountable risk management
Strong & integer CA team; Forced to get the attention from multi
Government stakeholders up until the President
PT Penjaminan Infrastruktur Indonesia (Persero)
IIGF Indonesia Infrastructure Guarantee Fund
Context:
Indonesia, is one of the investment targets for international investors and banks in
infrastructure sector.
There is an urgent need for infrastructure development to sustain stable economic
growth, serve strong domestic demand and for Indonesia to remain competitive.
A number of positive development in infrastructure sector by the Government
Creation of land fund, infrastructure fund, guarantee fund & viability gap fund, as well as new
Land Law issuance
Improvement in regulatory framework for PPP implementation in accordance with
international best practices has been undergoing for the last 10 years
E.g. electricity sector reform, e.g. 1st Gen of IPP to FTP 1, standard PPA, PSO & direct MoF
guarantee;
Its workability has been seen in first deals done under the new PPP regulation
with international competitive bidding and IIGF+MOF guarantee
E.g. CJPP (Central Java Power Plant), Palapa Ring IT backbone network;
In addition to power sector, telco, water sector and toll roads, ports and social
infrastructure such as hospital and sports facility are currently being prepared by
the Government of Indonesia (Gol) to be procured under PPP regime
PT Penjaminan Infrastruktur Indonesia (Persero)
IIGF Indonesia Infrastructure Guarantee FundView entire presentation