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Gunung Steel

Sector: Commercial • Location: Indonesia

Source: International Finance Corporation (IFC)

Project
Pending

The Project consists of an investment by IFC in the form of an A loan of up to US$60 million equivalent in PT Gunung Rajapaksi Tbk (GRP or the Company). GRP is a leading steel producer in Indonesia involved in the production of crude steel from EAF to mainstream and downstream flat steel products. The Company primarily serves the growing domestic demand for steel in Indonesia. The Project will fun

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The project “Gunung Steel” is an infrastructure initiative in the Commercial sector, located in Indonesia. Taiyo aggregates data on it from International Finance Corporation (IFC).

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Participants

Sponsoring Agency

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Company

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Status

Original status

pending

Taiyo status

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Taiyo last update

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Available timestamps

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Contact

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Phone

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Email

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Address

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Description

Description

The Project consists of an investment by IFC in the form of an A loan of up to US$60 million equivalent in PT Gunung Rajapaksi Tbk (GRP or the Company). GRP is a leading steel producer in Indonesia involved in the production of crude steel from EAF to mainstream and downstream flat steel products. The Company primarily serves the growing domestic demand for steel in Indonesia. The Project will fund GRP’s capital expenditure to expand its upstream, middlestream and downstream capacity to produce coated steel, along with investments to increase energy efficiency. The climate component of the Project is assessed as 92 percent of the total Project cost, and the Project is aligned with the goals of the Paris Agreement.                                                  

Original sub-sector

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Original Currency

USD

Original budget

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Procurement method

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Budget

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Location

Region

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Country

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State

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Location

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Source

Source reliability

High

Data quality score

100%

Source

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URL

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More Details

Project Type

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Article Published Date

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