As the largest country in the Association of Southeast Asian Nations (ASEAN), Indonesia accounts for around 40% of the region’s energy consumption. It is forecasted that the energy demand across the country could increase by four fifths and electricity demand could triple between 2015 and 2030. To achieve energy security and energy independence the Indonesian Government is expected to push the role of new and renewable energy. Where can Swiss SMEs add value?
A Turkish EPC contractor was seeking ECA-covered financing for a large infrastructure project in Turkey. In order for the project to be insured by SERV and thus financed at low cost, the company reactivated its Swiss affiliate company and redesigned it as a global contracting business based in Switzerland. This benefited both the EPC contractor and Swiss exporters.