The Asian Development Bank (ADB) has approved a yield-based loan of 600 million U.S. dollars to help Indonesia's State Electricity Company (PLN) improve the electricity services in the western and central parts of Java, an ADB specialist said.
The loan will be used for the Sustainable and Reliable Energy Access Program which will strengthen and expand the PLN's electricity network, as well as encourage the use of clean energy, the ADB's Senior Finance Specialist Daniel Miller was quoted by Antara news agency as saying on Tuesday.
He pointed out that the loan, under a guarantee from the Indonesian government, would improve the PLN's transmission lines, power grid automation, and hazardous waste storage facilities.
In addition, Miller said the program will accelerate economic recovery in Java by providing support for agro-industry, tourism as well as micro and small enterprises (MSEs).
The ADB's country partnership for Indonesia in the 2020-2024 period focuses on enhancing the archipelago's economic recovery through sustainable and resilient energy infrastructure.
Editor: Galia
