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Wednesday, 25 November 2020 10:47

ADB Hands 600m Loan For Electricity In Eastern Indonesia

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The Asian Development Bank (ADB) approved a loan worth US$600 million dollars or around RP8.5 trillion to assist the State Electricity Company (PT PLN) to increase access to electricity and promote renewable energy in eastern Indonesia

ADB Southeast Asia Director for Energy, Toru Kubo in a statement in Jakarta, Tuesday (24/11) said that reliable electricity procurement is essential so that people can access job opportunities and education and health services, especially during the COVID-19 pandemic

He also remarked that this loan is also useful to support economic recovery in eastern Indonesia from the pandemic and contribute to fair and resilient growth.

Currently, the expansion of electrification in eastern Indonesia is an important part of the government's infrastructure investment plan, which seeks to provide electricity throughout Indonesia in 2024. (Antaranews)

Read 345 times Last modified on Wednesday, 25 November 2020 11:00