ADB Approves $600 Million Loan To Promote Clean Energy
16 December 2021The Asian Development Bank (ADB) has approved a $600 million results-based loan to help state-owned power company Perusahaan Listrik Negara (PLN) improve the reliability and resiliency of electricity services in the western and central regions of Java island and promote the use of clean energy.
The Sustainable and Reliable Energy Access Program will rehabilitate, strengthen, and expand PLN’s power grid and promote clean energy use. It will improve PLN’s waste and asset management, procurement, and community education. The program will benefit five provinces in the area, home to about 112 million people: Banten, Central Java, Jakarta Special Capital Region, West Java, and Yogyakarta Special Region.
The loan, with a sovereign guarantee from the Government of Indonesia, will improve PLN’s transmission lines, power grid automation, and hazardous waste storage facilities. It will bolster PLN’s digitalization of business processes, such as e-procurement, and support the installation of more charging stations for electric vehicles.
Related
-
Serbia introduces Green Budget, earmarks EUR 1 billion for projects
30 December 2024
-
€100m from EU to boost Lithuanian housing renovation
18 December 2024
-
UK plans for 22 GW battery storage fleet by 2030
17 December 2024
-
ADB approves $200m loan to boost Pakistan’s power infrastructure
14 December 2024
-
Oil steady as demand offsets supply risk
13 December 2024
-
EC approves $2.7bn to support Estonia’s offshore wind energy projects
12 December 2024