Supporting a Hydro Power Plant Project in Indonesia

  • Area: Asia
  • Infrastructures
  • Environment
  • [Project Finance]

Indonesia is expected to see its demand for electricity grow at an annual rate of 8.5% over the next ten years, and, at the same time, the Indonesian government is actively working to make use of renewable energy for the prevention of global warming. Under such circumstances, JBIC concluded a loan agreement for the Rajamandala Hydro Power Project with Indonesia-based PT. Rajamandala Electric Power (REP), in which the Kansai Electric Power Co., Inc. has a stake. The project involves REP constructing and operating a run-of-the-river hydro power plant in the Citarum River basin (Indonesia) and selling the electricity to the PT. PLN (Persero) in Indonesia for 30 years. This project will contribute to a reduction in CO2 emissions by effectively employing water resources, a source of renewable energy, through the productive use of the vertical drop between existing dam-type power plants located both upstream and downstream and taking in the water released from the upstream power plant.
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