Logiframe

Client impact  ·  Renewable energy

Hydropower plants take years to build. The books have to follow every one of them.

PT Tinfos Hydropower Solutions develops, builds and operates run-of-river hydropower plants in Indonesia. As its projects multiplied, Logiframe implemented Xero with integrated workflows shaped around how a project business runs, and has stayed on as its advisor since.

Book a free 30-minute call What we put in place
The Tinfos Hydropower Solutions and Logiframe teams together at the Tinfos office in Indonesia, in front of the Tinfos sign.

The client

A Norwegian Hydropower Company Building in Indonesia

Tinfos AS was founded in 1894 by the Holta family at Notodden, Norway, where it still runs the Tinfos I and II power plants on the Tinnelva river.

For more than two decades the company has developed small-scale hydropower in Norway and Indonesia. Indonesia is now one of the two markets, with the Western Balkans, where Tinfos concentrates its international growth.

PT Tinfos Hydropower Solutions is the Indonesian business. Its work covers the whole life of a plant: finding and licensing sites, engineering, construction, and running the plant once it delivers power to PLN, Indonesia’s state electricity company.

A member of the Tinfos team at the office, standing beneath a painting of a hydropower plant.

The projects

  • Nagajaya, Banten, Java. A 6.5 MW run-of-river plant with two Francis turbines on a 75 m head, built to deliver 34.16 GWh of renewable energy a year. The power purchase agreement with PLN was signed on 6 August 2024, financial close followed on 20 February 2025, and commercial operation is scheduled for 20 February 2027.
  • Lobu Dolom, Banggai, Sulawesi. A 12 MW project held through PT Lobu Dolom Hydropower, where Tinfos holds the licence and permits to develop, build and operate the plant.
  • A pipeline behind them. Nagajaya is owned 65% by Tinfos and 35% by Norfund, Norway’s development finance institution, through Tinfund, a joint venture registered in Singapore. In November 2025 Pentagreen Capital, the platform set up by HSBC and Temasek, agreed construction financing of up to US$45 million for Tinfund, with US$18 million for Nagajaya and further tranches released as additional sites reach permitting and construction milestones.
1894Tinfos AS founded at Notodden, Norway
34.16 GWhAnnual output planned at Nagajaya
US$45MStaged construction financing for Tinfund projects

The challenge

Why the Books Got Harder as the Pipeline Grew

A hydropower developer runs several long projects at once, each at a different stage, each with its own owners, lenders and reporting.

  • Every plant is its own project. Costs build up over years of studies, permits and construction before a plant earns anything, and each one has to land against the right project.
  • Procurement is large and staged. Turbines, civil works and access roads are bought in phases against a construction schedule, so commitments, bills and payments have to be tracked against budget.
  • More people read the numbers. A Norwegian parent, a joint venture partner and a lender that releases funds by milestone each need reporting they can rely on.
  • Operations and finance describe the same project. Site activity, purchasing and the ledger have to tell one story, and coordinating them gets harder with every project added.

As operations and projects grew, financial reporting, procurement tracking, operational coordination and visibility across projects became more complex than the existing setup could carry. That is the point at which Tinfos brought in Logiframe.

What we did

What Logiframe Put in Place

Xero as the financial core, workflows built around project operations, and advisory support that continued after go-live.

Xero implementation

Logiframe implemented Xero as the company’s accounting platform, covering its financial processes and the reporting the business and its stakeholders rely on.

Integrated workflows for project-based operations

Around Xero, Logiframe built integrated digital workflows tailored to how Tinfos runs projects: financial processes, procurement tracking and operational reporting, connected so that project activity and the financial records stay in step.

Advisory, training and ongoing support

Advisory support ran alongside the implementation. After go-live, Logiframe continues to support the team through advisory services, training and operational assistance as the business grows.

Xero owns the ledger and the reporting. The workflows around it carry project and procurement activity into it. Each system does the job it is built for, and the finance team works from one set of numbers.

The result

What Changed

Clearer financial visibility, simpler operational workflows, and a setup built to grow with the project pipeline.

  • Financial visibility across projects. Reporting that shows where each activity stands, from one platform.
  • Less effort in reporting and coordination. Finance, procurement and operations work from connected workflows, which made reporting and coordination more efficient.
  • Room to scale. A structure designed for long-term growth, with Logiframe still involved through advisory, training and day-to-day assistance.
Rayner Laurence Adriaansz, Business Development Manager at PT Tinfos Hydropower Solutions.

In their words

“As operations and projects continued to grow, managing financial reporting, procurement tracking, operational coordination, and project visibility across multiple activities became increasingly complex. Logiframe implemented Xero alongside advisory support and integrated digital workflows tailored to support the company’s project-based operations, financial processes, and operational reporting. With better financial visibility and more streamlined operational workflows, the company improved efficiency in managing reporting, coordination, and long-term business scalability. Beyond implementation, Logiframe continues to support the team through advisory services, training, and ongoing operational assistance to help the business grow sustainably.”

Rayner Laurence AdriaanszBusiness Development Manager, PT Tinfos Hydropower Solutions
Xero Gold Partner Certified advisors, with Xero as the platform our depth genuinely sits in.
Xero Asia Partner of the Year Recognised by Xero for delivery, not for sales volume.
13+ years, 1,500+ engagements Across accounting outsourcing, ERP and accounting software work.

Next

Where to Go Next

Xero guide Setup & Migration How an implementation like this one is scoped and run. Xero guide Integration & Optimization Connecting the systems around Xero so data moves once. Guide Multi-Entity Bookkeeping in Xero Running several companies and projects through one approach.

Running several projects through one set of books?

Tell us how your projects are structured and who you report to, and we will show you how Xero can carry it.

Book a free 30-minute call See Xero setup & migration