FP196
Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia with Lessons for Replication in other ASEAN Member States
Supporting Innovative Mechanisms for Industrial Energy Efficiency Financing in Indonesia with Lessons for Replication in other ASEAN Member States
Indonesia requires urgent action to address its increasing emissions, especially in the rapidly growing industrial energy sector. The market penetration of energy efficient technologies and the ensuing energy savings have been hampered by a range of barriers, including access to finance, regulatory challenges, and a lack of capacity and awareness amongst relevant stakeholders.
This programme will increase Indonesia’s capacity to drive a low-carbon development pathway with enhanced energy efficiency and conservation performance by addressing these chronic barriers. The programme provides a package of innovative energy efficiency solutions including financial de-risking mechanisms, exploration of new energy service business models, development of a supportive regulatory framework, and technical assistance.
Project timeline
Pipeline
11 Jun 2020 - 862 days
Concept note received
11 Jun 2020
Funding proposal received
26 Aug 2021
Cleared by GCF Secretariat
05 Aug 2022
Cleared by iTAP
26 Sep 2022
Approved
20 Oct 2022 - 534 days
Approved by GCF Board
20 Oct 2022
Legal opinion on AE's Internal Approval
13 Jan 2023
FAA executed
12 Jul 2023
Under implementation
05 Apr 2024 - 229 days so far
FAA effective
05 Apr 2024
Disbursement - USD 30,000,000
02 Aug 2024
Disbursement - USD 493,770
02 Aug 2024
To be completed
05 Apr 2034 - 3,424 days to go
-
Financing
- Private sector
- Public sector
-
Size
- Micro
- Small
- Medium
- Large
GCF financing29% disbursed
| Instrument | Amount |
|---|---|
| Grant | USD 5,000,000 |
| Guarantee | USD 100,000,000 |
| Total GCF Financing |
|---|
| USD 105,000,000 |
Co-financing
| Co-financer | Instrument | Amount |
|---|---|---|
| Co-Financing | Loan | USD 133,330,000 |
| Co-Financing | Equity | USD 9,000,000 |
| Co-Financing | In-kind | USD 30,000 |
| Co-Financing | In-kind | USD 40,000 |
| Co-Financing | In-kind | USD 10,000 |
| Co-Financing | In-kind | USD 290,000 |
| Total Co-Financing |
|---|
| USD 142,700,000 |
GCF Contacts
General media inquiries
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Project complaints and grievances
GCF Independent Redress Mechanism (IRM)Phone +82 32 458 6186 (KST)
File a complaint
Integrity issues
GCF Independent Integrity Unity (IIU)Phone +82 32 458 6714 (KST)
Send e-mail
Entity
More contacts
National Designated Authority
Fiscal Policy Agency, Ministry of Finance
Chairman of Fiscal Policy Agency, Ministry of Finance
R.M. Notohamiprodjo Building 2nd Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia
Director of Center for Climate Finance and Multilateral Policy/Head of the NDA Secretariat
R.M. Notohamiprodjo Building 5th Floor, Jalan Dr. Wahidin Raya No. 1, Jakarta, Indonesia