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GENERAL PROCUREMENT NOTICE

REPUBLIC OF INDONESIA

INDONESIA GEOTHERMAL RESOURCE RISK MITIGATION PROJECT (GREM)

Sector:  Power/Energy

GENERAL PROCUREMENT NOTICE

IBRD Loan No. 9009-ID, CTF Loan No TF0B0306, CTF Grant No TF0B0968, CTF Contingent Recovery Grant No TF0B0979

Project ID No. P166071

The World Bank is assisting the Government of Indonesia in establishing a Geothermal Resource Risk Mitigation (GREM) Facility to support exploration drilling by stateowned and private sector developers. The Facility will be managed by PT Sarana Multi Infrastruktur (PT SMI) as the financial intermediary. 

The main objective of GREM is to scale up investment in geothermal energy development in Indonesia. Specifically, The GREM project aims will provide financing and risk mitigation facilities for geothermal exploration activities, both to be carried out by State Owned Enterprise (SOE) and private. The special feature of this GREM is the derisking facility or a risk sharing scheme, in which if an exploration failure occurs, the developer will not fully bear the risks and costs of exploration. This financing facility with a derisking feature for upstream developments will reduce exploration risk, which is the biggest risk faced...