World Bank approves US$1.14bil clean energy project in east Indonesia

Indonesia, which uses coal for most of its electricity, aims to slash emissions by 32% by 2030 and reach net-zero emissions by 2060. - AP file photo

JAKARTA (Reuters): The World Bank said on Tuesday (June 27) it has approved a US$1.14 billion project to expand access to cleaner electricity in eastern Indonesia, for which it will provide $500 million in financial support.

The programme will connect about 2 million people to the electrical grid, increase solar power investment and help Indonesia's state utility Perusahaan Listrik Negara (PLN) to improve its capacity to manage energy transition, the World Bank said in a statement.