Description

The Rajamandala Hydropower project (Rajamandala) consists of the development and operation of a 47 megawatt run-of-the-river hydropower plant near Bandung on Java Island on a build-operate-transfer basis. The project is being developed by PT. Rajamandala Electric Power (REP) and is co-financed by Japan Bank for International Cooperation (JBIC) and Mizuho Bank Ltd (MBL). MIGA has issued guarantees of up to $200 million covering non-shareholder loans by JBIC and MBL to the Rajamandala project. The coverage is for a period of up to 19 years against the risks of transfer restriction, expropriation, war and civil disturbance, and breach of contract.