Asian Development Bank approves US$500 loan to boost Indonesia's energy transition


Photo from Jakarta Post/ANN.

MANILA (Xinhua): The Asian Development Bank (ADB) on Friday said it has approved a policy-based loan of US$500 million to accelerate Indonesia's transition towards sustainable and clean energy.

The Affordable and Sustainable Energy Transition Program will support various policy measures for the country to achieve its enhanced nationally determined contribution and net-zero power emission targets by 2050, of which this is the first of two subprograms, the ADB said.

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