Indonesia - Geothermal Clean Energy Investment Project

Page 1 PROJECT INFORMATION DOCUMENT (PID) APPRAISAL STAGE Report No.: AB5963 Project Name Geothermal Clean Energy Investment Project Region EAST ASIA AND PACIFIC Country Indonesia Sector Renewable energy (50%); Power (50%) Lending Instrument Specific Investment Loan Project ID P113078 Borrower(s) Republic of Indonesia Implementing Agency PT. Pertamina Geothermal Energy (PGE) Menara Cakrawala Lantai, 15th Floor Jl. MH Thamrin No.9, Indonesia. 10340 Tel: (62-21) 3983-3222 Fax: (62-21) 3983-3230 info@pgeindonesia.com Environmental Screening Category [X] A [ ] B [ ] C [ ] FI Date PID Prepared March 29, 2011 Estimated Date of Appraisal Completion March 31, 2011 Estimated Date of Board Approval May 26, 2011 I. Country Context 1. The Indonesian economy continues to experience robust growth over a decade following the Asian Financial Crises. Since 2003, the real gross domestic product (GDP) has expanded at a rate of 5 to 6 percent annually, reaching 6.1 percent in 2008. Even during the global economic downturn in 2009, the Indonesian economy grew at 4.2 percent - one of the highest growth rates in the region. A series of macroeconomic reforms have also strengthened Indonesia