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The Asian Development Bank (ADB) recently agreed to provide a $600 million loan to Indonesia's National Power Company (PLN) to finance the expansion
of renewable energy in the country.
PLN will also receive $3 million from the Japan Poverty Reduction Fund and $3 million
from the Asia Clean Energy Fund.
The utility will use the funds to finance the second phase of renewable energy development, part of which will expand the grid and improve service reliability
in nine provinces, including Kalimantan, Maluku and Papua.
As a result, 1.
55 million new customers are expected to receive electricity by
2024.
Diana Connett, energy expert at the Asian Development Bank, said: "The plan will increase the supply of PLN electricity from renewable sources to remote communities sixfold and reduce indoor kerosene and wood consumption, which is expected to have significant environmental and social benefits
.
”
The Asian Development Bank (ADB) recently agreed to provide a $600 million loan to Indonesia's National Power Company (PLN) to finance the expansion
of renewable energy in the country.
PLN will also receive $3 million from the Japan Poverty Reduction Fund and $3 million
from the Asia Clean Energy Fund.
The utility will use the funds to finance the second phase of renewable energy development, part of which will expand the grid and improve service reliability
in nine provinces, including Kalimantan, Maluku and Papua.
As a result, 1.
55 million new customers are expected to receive electricity by
2024.
Diana Connett, energy expert at the Asian Development Bank, said: "The plan will increase the supply of PLN electricity from renewable sources to remote communities sixfold and reduce indoor kerosene and wood consumption, which is expected to have significant environmental and social benefits
.
”
