Karian Serpong Water Supply Project

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This project entails the development, construction, operation, and maintenance of greenfield water supply facilities in Greater Jakarta, Indonesia, which involves a water treatment plant with capacity of 4,600 litres per second, a reservoir, transmission pumps, a sludge treatment facility, Supervisory Control and Data Acquisition and a 20 km transmission pipe. This infrastructure is planned to supply water to DKI Jakarta, Tangerang, and South Tangerang. Total investment stands at $200 million, of which the Asian Development Bank (ADB) provides $40 million loan, $30 million loan comes from the Canadian Climate Fund for the Private Sector in Asia II (CFPS II), $60 million from IFC's own account, an IFC B Loan of up to $20 million on the account of B Loan participants, another $15 million loan from IFC in its capacity as implementing entity of the Finland-IFC Blended Finance for Climate Program and an USD:IDR cross-currency swap with the Loan Equivalent Exposure of up to $10 million. PT Karian Water Services (KWS) is the project company, which is 70% owned by the Korea Water Resources Corporation (K-Water) and 30% by PT Adhi Karya (Adhi). Financial close is achieved on June 6, 2023. https://www.adb.org/projects/55164-001/main https://disclosures.ifc.org/project-detail/SII/44588/karian-water-supply-project