">Working Capital for EPC Contractor of 11 MW Mini-Hydro Power Plant Project in North Sumatera
Project Summary
| Project Code | : | HAHC-AKI448-10HYPP |
| Project | : | Working Capital Facility for EPC Contractor of 11 MW Installed Capacity MHPP Project in North Sumatra |
| Sector | : | Other |
| S&E Categorization | : | B |
| Location | : | Kinepen Village and Kandibata Village, Kabanjahe and Munte subdistrict, Karo Regency, North Sumatera, Indonesia |
| Status | : | Active |
| First Disclosure Date | : | March 2025 |
Summary
In March 2025, IIF provide working capital facility to EPC Contractor of 11 MW Mini-Hydro Power Plant, located in Kandibata Village, Kabanjahe, Karo, North Sumatera. The EPC Contractor has extensive experience and technical capacity which is reflected from the ten years of experience in constructing mini-hydro projects across Indonesia.
The MHPP project is a run-off river hydroelectric system with the capacity factor of 71%. The Project acquired the Power Purchase Agreement (PPA) in 2017 and is acknowledged as part of national commitment to fostering the renewable energy transition in Indonesia. The MHPP is aimed to anticipate the increasing electricity demand in North Sumatera which is expected to increase by 5.5% from 2021 to 2030 and to fulfill PLN plans to allocate 3,152 MW of new Power plants capacity with the largest proportion of Hydroelectric Power Plant. IIF’s participation in this project shows its significant contribution to the renewable energy infrastructure development in Indonesia.
The Social and Environmental Due Diligence (SEDD) categorize IIF investment in this project as Category B. Based on the nature of the project, S&E risks and potential impacts associated with IIF investment facility in this Project can be managed by implementing Social and Environmental Management System referring to IIF Standards.
S&E Document
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Last Update: March 2025