Investor Presentaiton
Government Guarantee for Basic Infrastructure Development
Reflects strong commitment to national development planning
Government Guarantee Program
Power (Electricity)
Full credit guarantee for PT
PLN's debt payment obligations under FTP 1
10.000MW and 35GW programs*
Contingent Liabilities from Government Guarantee as of Q3 2023**
Central Government Guarantee for Infrastructure Programs
Exposure/
Outstanding
(USD bn)
Credit Guarantee
•
Clean water - Guarantee for 70% of PDAM's debt
principal payment obligations
1
-
Toll road - Full credit guarantee for PT Hutama
Karya's debt payment obligations for the
development of Sumatra Toll Roads
Infrastructure Full credit guarantee on SOE'S
borrowing from international financial institution
& guarantee for PT SMI's local infrastructure
financing
2
Coal Power Plant 10,000MW Fast Track Program (FTP 1)
Clean Water Supply Program
0.18
0.00
3
Direct Lending from International Financial Institution to SOEs
2.77
4
Sumatra Toll Road.
1.76
5
Renewable energy, Coals & Gas Power Plant 10,000 MW (FTP 2)
4.00
Public Transportation (Light Rail Transit)
-
Full
6
Public-Private Partnerships (PPP)
6.52
credit guarantee for PT Kereta Api Indonesia's
debt payment obligations for the development of
LRT Jabodebek
7
Regional infrastructure financing
0.12
8
Public Transportation (Light Rail Transit)
1.08
9
Electricity Infrastructure Fast Track Program (35 GW)
5.51
-
Total
21.93
Business Viability
Guarantee (BVG)
Power (Electricity) Guarantee for PT PLN'S
obligations under Power Purchase Agreements with
IPPS (off-take and political risk) under FTP-2
10.000MW and 35GW programs*
PPP Guarantee
Infrastructure - Guarantee for Government-related
entities obligations (line ministries, local
governments, SOES, local SOEs) under PPP
contracts/agreements
•
•
Maximum new guarantee issuance for the period 2023-2026 is set at 1.5% of GDP
per year.
Starting from 2008 the Government has allocated a contingent budget with respect
to these guarantees. The allocated fund is then transferred to a guarantee reserve
fund. This reserve fund can be used to serve any claims that may arises from the
guarantees.
Political Risk Guarantee
Infrastructure - Guarantee against infrastructure risk
for National Strategic Projects (Presidential Decree
No.58/2017) which are not covered by other type of
guarantees
*) MOF provides both credit guarantees and BVGs for 35GW program
**) Currency conversion at IDR15,526/USD1 and IDR16,404/EUR1 (September 2023)
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