Renewables

ADB to lend $300m to Indonesia for power market

20 December 2002 – The Asian Development Bank said on Friday it would provide over $300m in loans and grants for Indonesia’s energy sector.

For Indonesia, ADB said it would lend $140m to help create a new competitive electricity market in Java and Bali and reduce transmission bottlenecks.

ADB also approved a $161 million loan to expand Indonesia’s renewable energy generation capacity to bring more reliable and cleaner power to remote regions.

It will also administer a technical assistance grant of $800 000 from its Danish co-operation fund to pilot a scheme which would allow 10 000 low-income families in outer islands in Indonesia to defer the start-up costs of connections.