THE WORLD BANK A I WORLD BANKGROUP SATU RAHRONEN Country Director, Indonesia and Timor Leste Letter No. CD-165/WB/JX/2021 September 23, 2021 Mr. Hadiyanto Director General of Treasury Ministry of Finance Gd. Prijadi Praptosuhardjo I, 2 nd Floor JI. Lapangan Banteng Timur No. 2-4 Jakarta Pusat Dear Mr. Hadiyanto: Re: IBRD Loan No. 92 78-ID and AIIB Loan No. L0512A (Development of Pumped Storage Hydropower in Java Bali System Project) Additional Instructions: Disbursement and Financial Information Letter I refer to the Loan Agreement between Republic of Indonesia (the "Borrower") and International Bank for Reconstruction and Development (the "Bank") for the above-referenced Project. The General Conditions, as defined in the Loan Agreement, provide that the Borrower may from time to time request withdrawals of the proceeds of IBRD Loan No. 9278-ID (the "Loan") in accordance with the Disbursement and Financial Information Letter, and such additional instructions as the Bank may specify from time to time by notice to the Borrower. The General Conditions also provide that the Disbursement and Financial Information Letter may set out Project specific financial reporting requirements. This letter constitutes such Disbursement and Financial Information Letter ("DFIL") and may be revised from time to time. Furthermore, this DFIL also serves as instructions of withdrawal of the proceeds of Loan No. L0512A provided by the Asian Infrastructure Investment Bank (AIIB) that co-finances the Project with the Bank Loan, as set forth in Other Disbursement Instructions of Schedule I below. I. Disbursement Arrangements, Withdrawal of Loan Funds, and Reporting of Uses of Loan Funds The Disbursement Guidelines for Investment Project Financing, dated February 2017, ("Disbursement Guidelines") are available in the Bank's public website at https://www.worldbank.org and its secure website "Client Connection" at https 1/c ientconneicction,.worIdbank.org. The Disbursement Guidelines are an integral part of the DFIL, and the manner in which the provisions in the Disbursement Guidelines apply to the Loan is specified below. 1818 H Street NW - Washington, DC 20433 USA 2 of 5 IBRD- LN 9278-ID AIB - LO512A (i) Disbursement Arrangements The table in Schedule I sets out the disbursement methods which may be used by the Borrower, and conditions, information on registration of authorized signatures, processing of withdrawal applications (including minimum value of applications), instructions on supporting documentation, and frequency of reporting on the Designated Account. (ii) Electronic Delivery. Section 10.01 (c) of the General Conditions. The Borrower will deliver Withdrawal Applications (with supporting documents) electronically through the Bank's web-based portal "Client Connection" at htps: cnteonnection worIdbank org. This option will be effected after the officials designated in writing by the Borrower who are authorized to sign and deliver Withdrawal Applications have registered as users of "Client Connection". The designated officials will deliver Applications electronically by completing the Form 2380, which is accessible through "Client Connection". By signing the Authorized Signatory Letter, the Borrower confirms that it is authorizing such persons to accept Secure Identification Credentials (SIDC) and to deliver the Applications and supporting documents to the Bank by electronic means. The Borrower may exercise the option of preparing and delivering Withdrawal Applications in paper form on exceptional cases (including those where the Borrower encounters legal limitations), and which were previously agreed with the Bank. By designating officials to use SIDC and by choosing to deliver the Applications electronically, the Borrower confirms through the authorized signatory letter its agreement to: (a) abide by the Terms and Conditions of Use of Secure Identification Credentials in connection with Use of Electronic Means to Process Applications and Supporting Documentation, available in the World Bank's public website at hits://worldbaik.org and "Client Connection"; and (b) to cause such official to abide by those terms and conditions. II. Financial Reports and Audits (i) Financial Reports. The Borrower must prepare and furnish to the Bank not later than forty- five (45) days after the end of each calendar semester, interim unaudited financial reports ("IFR") for the Project covering the semester. (ii) Audits. Each audit of the entity's Financial Statements of PT Perusahaan Listrik Negara (Persero), with notes of the Project's financial status in a format agreed with the Bank, must cover the period of one fiscal year of the Borrower, commencing with the fiscal year in which the first withdrawal was made. The audited Financial Statements for each such period must be furnished to the Bank not later than six (6) months after the end of such period. 1818 H Street NW - Washington, DC 20433 USA 3 of 5 IBRD- LN 9278-ID AIIB - LO512A III. Other Information For additional information on disbursement arrangements, please refer to the Loan Handbook available on the Bank's website (http://www.worldbank.org/ and "Client Connection". The Bank recommends that you register as a user of "Client Connection". From this website you will be able to prepare and deliver Applications, monitor the near real-time status of the Loan, and retrieve related policy, financial, and procurement information. For more information about the website and registration arrangements, or if you have any queries in relation to the above, please contact the World Bank by email at Ask%LonsaWorldlank.org using the above reference. Sincerely, Satu Kahkonen Country Director, Indonesia and Timor-Leste Attachments 1. Interim unaudited Financial Report (IFR) With copies: PT. PLN (Persero) Jalan Trunojoyo Blok M - I No 135, Kebayoran Baru, Jakarta 12160, Indonesia Mr. Iskandar Executive Vice President Treasury Email: iskandardiure(afpin.co.id Mr. Evy Haryadi Director of Corporate Planning Email: c.iarvadilp ncojil Mrs. Sinthya Roesly Director of Finance and Risk Management Email: s.roesly(@pln.co.id 1818 H Street NW * Washington, DC 20433 USA � � cv � � °� � � д � 'б .� � � � N N U� N � 1 � й � и .-, и � � � °� � ,rj �. ��-1 � О у,�� и �-1 � ГSи � i N � � N , � Q О N .�"V, • � О � �_ � � � Q' 9 � О �" 'д N Gч" �н U � О►� д�' bЛ iб Lт� О � '�, N s., • � > р � О С� +'°-' � р �. N U и� Lтч U N �' Сч" +.. О iw � и ,5.," _N дF �+ � р • � � �' �,�� pcr о � � �.� � � � � А � �." � '-' д �' � � и � • � ""� л � ,. 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