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Financial advisory services sought for project in Indonesia

Infunde Development is co-developing the unnamed project in South Sumatra together with a local partner, according to a tender notice published on its website on 7 September.

Infunde Development invites expressions of interest (EOIs) by 12 October from qualified consultants to provide Financial Advisory Services for a hydropower project in Indonesia.

Infunde acts on behalf of InfraCo Asia Development as its exclusive developer in various Southeast Asian markets, including Indonesia, to originate and develop infrastructure project opportunities. IAD is a donor-funded infrastructure fund, headquartered in Singapore and a member of the Private Infrastructure Development Group.

Infunde Development lists one hydropower project in its project portfolio in Indonesia. The 36 MW Endikat hydropower project would supply clean, low-cost electricity to the west coast of the island of Sumatra, according to its website, and would help diversify the South Sumatran grid, which is dominated by fossil fuel-powered plants. The project is planned to be developed as a run-of-river cascade on the river Endikat, which extends down the Dempo Mountain in the Pagar Alam Regency, in the province of South Sumatra. It is expected to comprise two plants with a preliminary capacity of 19 MW upstream and 17 MW downstream, with an estimated total capex of US$ 92 million.

Consultants should also attach the project references and credentials for conducting such work, along with the EOI. Interested suppliers will be contacted upon receipt of the EOI. After receipt of the EOI and execution of a non-disclosure agreement (NDA), the terms of reference and associated documents will be provided to qualified consultants. The request for proposal (RfP) and Terms of Reference will be sent to shortlisted consultants after review of their technical qualifications and relevant work experience.

For more information on the project and scope of work, please fill out the online form expressing an interest in responding to RfP #94. The tender notice can be viewed at: