ADB approves $600 mln loan for Indonesia’s PLN for renewable power
JAKARTA, Nov 24 (Reuters) – The Asian Development Bank (ADB) on Tuesday approved a $600 million loan for Indonesian state utility Perusahaan Listrikk Negara (PLN) to expand electricity access and promote renewable energy.
ADB backs clean power in Indonesia
The ADB has announced the first drawdown of funds under a $305m financing package for Indonesia’s largest combined-cycle gas turbine power plant. The project in Karawang, West Java, will be one of the first and largest projects in Indonesia to use liquefied natural gas (LNG) in a 1,760-megawatt power station. “ADB is a partner of […]
ADB pledges to double funds for Indonesia, pushes for green recovery This article was published in thejakartapost.com with the title “ADB pledges to double funds for Indonesia, pushes for green recovery”. Click to read: https://www.thejakartapost.com/news/2020/08/21/adb-pledges-to-double-funds-for-indonesia-pushes-for-green-recovery.html. Download The Jakarta Post app for easier and faster news access: Android: http://bit.ly/tjp-android iOS: http://bit.ly/tjp-ios
The Asian Development Bank (ADB) has pledged to double loan commitments to one of its biggest client countries this year to facilitate Indonesia’s economic recovery. The Manila-based lender usually committed US$1 billion to $2 billion each year for Indonesia, mostly in infrastructure projects, particularly those related to energy, said ADB country director Winfried F. Wicklein […]
ADB sees pricing as factor in slowing geothermal development in Indonesia
In an interesting interview with Winfried Wicklein, country director for Indonesia at the Asian Development Bank (ADB), the Oil & Gas Yearly covers a lot of details related to the energy market in Indonesia, including geothermal energy. The interview covers challenges for the economy, the current state of the banking system and leverage of it […]
ADB, Citi, HSBC, Prudential hatch plan for Asian coal plant closures: Sources
Financial firms including British insurer Prudential, lenders Citi and HSBC and BlackRock Real Assets are devising plans to speed the closure of Asia’s coal-fired power plants in order to lower the biggest source of carbon emissions, five people with knowledge of the initiative said.
ADB, government looking into ETM financing in shift to clean energy sources
The Asian Development Bank (ADB) and the Philippine government, together with Indonesia and Vietnam, are considering the implementation of the energy transition mechanism (ETM) to finance the shift to cleaner energy sources.
ADB, PLN Sign MOU to Work with Indonesia on Clean Energy Goals
GLASGOW, SCOTLAND (1 November 2021) – The Asian Development Bank (ADB) today signed a memorandum of understanding with the State Electricity Corporation (PLN), Indonesia’s state-owned power company, to support the country to reach its clean energy goals.
ADB, PLN to pilot issuance of energy transition bonds in 2021
The Asian Development Bank (ADB) and state-owned electricity giant PLN aim to issue PLN’s first-ever “sustainable transition bonds” next year as the power company seeks to improve its green energy credentials.
Additional 5,880 MW of geothermal capacity planned for Indonesia
The Indonesian government projects geothermal investment needs of up to US $ 29.39 billion to boost the installed capacity of geothermal power plants (PLTP) to reach 8,008 MW by 2030, so Investor Daily in an article this week. In fact, geothermal installed capacity currently only 2,130.7 MW.
Adequate energy storage needed to prevent crisis: PGN
Adequate energy storage is necessary to prevent an energy crisis as the one that Europe is currently experiencing, president commissioner of state-run PT Perusahaan Gas Negara Tbk (PGN), Arcandra Tahar, has said.