PROJECT OBJECTIVE

The Project has two components: Component 1 – Risk Mitigation for Geothermal Exploration Drilling (US$49 million), and Component 2 – Capacity Building on Geothermal Exploration and Environmental and Social Safeguards Management (US$6.25 million). The Project is being implemented by PT Sarana Multi Infrastruktur (PT SMI), a nonbanking financial institution fully owned by the Ministry of Finance (MoF), which is also responsible for overseeing the Government’s Infrastructure Financing for Geothermal Sector (Pembiayaan Infrastruktur Sektor Panas Bumi, or PISP) fund, which provides no less than US$49 million co-financing to the Project.