DESCRIPTION
CIF-ACT’s program aims to support developing countries that are heavily reliant on coal to accelerate the transition away from coal to renewable energy while ensuring a holistic, integrated, socially inclusive and gender-equal transition. The program is structured around three pillars of governance, people and communities, and infrastructure. Indonesia along with South Africa, India and the Philippines was selected as a pilot country under CIF-ACT.
This grant is managed by the World Bank under CIF-ACT’s Component 2.1.a: CFPP Site Repurposing, which targets sites selected for early retirement and closure by PLN for dismantling, remediation and repurposing CFPPs through a just transition. The repurposing component will look at different possible technologies such as solar, biomass, pumped hydropower or battery for alternative power generation.
It is potentially to be used in conjunction with CIF ACT’s Component 2.1.b grant: Just Transition in Coal Regions.
Access the one-pager via this link
KEY DELIVERABLES
● Governance: the adoption or amendment of policies, regulations, standards or codes and accelerated CFPP retirement roadmaps
● People: access to sustained income for employees of retired CFPPs/coal mines and direct benefits received from social plans economic regeneration activities by the community
● Infrastructure: avoidance of greenhouse gas emissions; mobilization of MDB and commercial co-financing; facilitation of accelerated retirement of CFPPs; reclamation, reforestation, restoration and/or energy savings from CFPP closure and repurposing; increase in installed renewable energy and energy storage capacity
-
| Modality | Financing Type | Financing Source | Financing Intermediary | Amount (Home Currency) | Amount (USD) | Part of JETP Pledge |
|---|---|---|---|---|---|---|
| Modality A | Grant / TA | CIF Infusion (ACT) | World Bank | USD 5,000,000 | USD 5,000,000 | Yes |