Investor Presentaiton
After Signing
Before Signing
Impact on People & Planet
.
CJPP Main Issues to have Impact to the 'Conventional' approach
No PPP benchmark: Project Preparation, Transaction, Guarantee - process & docs
•
•
Regulatory adjustments, e.g. enabling State offtaker PLN as the CA
Years of PLN experience for Indonesia IPP transaction
IFC facility as transaction advisor; RfP revised > 15 times (coping with the
'dynamic' process)
Gol introduced new guarantee scheme for PPP in CJPP
•
IIGF as the new entity to the transaction; Guarantee regulation ready after RfP
issued;
One on one meetings with the bidders (& its lenders)
.
Detail discussion on Risk Allocation
• Risk Allocation: Land acquisition was assigned to the Project Company → issue !!
Exist in standard PLN PPA (after 2012 Land Law enactment became Govt
responsibility)
•
Stakeholders coordination: Central government, provincial and municipality levels
Land acquisition issues: Dispute and legal suit on land use approval;
•
Also impact the PC and Project Sponsors, e.g. change in BoD; discussions with JBIC
Guarantor's consent to PPA amendments: extended role of IIGF as guarantor
CJPP brings benefits on
reducing poverty,
increasing employment,
economic development
and addressing the gap
of affordable energy
access in Indonesia.
PPP process requires
extra efforts in
balancing the risks and
strong commitment to
address social issues,
environment and
people management, to
be able to succeed
•
PPP FC delay PPA amendment prior to FC (as the guarantee has not been effective);
•
Expectation for IIGF to drive debottlenecking efforts: Joint Monitoring Committee meetings, Guarantee
Monitoring System development, etc
PT Penjaminan Infrastruktur Indonesia (Persero)
IIGF Indonesia Infrastructure Guarantee Fund
Project Impact to the SDGs
No
Some
SDGs
High
Sustainable Development Goals
Describe Impact
Impact Impact | Impact
1
End poverty
V
Higher economic activities
2
End hunger
ฟ
3
-
Well being healthy lives
V
4
Quality education
Higher economic activities
Better living facilities
Better living facilities
5
Gender equality
6
Water and sanitation for all
7 Affordable and sustainable energy
V
√
ฟ
Better access to information
Better utility to water treatment
Reduce off-grid electricity cost
8
Economic growth and decent jobs for all
Resilient infrastructure, sustainable industrialization,
9
foster innovation
10
Reduce inequalities within and among countries
V
Higher economic activities
Provide utility to other services
Higher economic activities
11
Cities inclusive, safe, resilient and sustainable
ฟ
Higher economic activities
12 Responsible consumption by all
V
13
Combat climate change
ฟ
14
Protect the ocean
V
15
Take care of the earth
V
16
Peaceful and inclusive society, justice for all,
ฟ
accountable institutions at all levels
17
Mechanism and partnerships to reach the goals
Given the difficult process, with
socialization
Coal-fired emission minimization
Coastal jetty for coal transport
Coal-fired emission minimization
Better socio-living facilities
Efficiency and effective through PPP
PT Penjaminan Infrastruktur Indonesia (Persero)
IIGF Indonesia Infrastructure Guarantee FundView entire presentation