JAKARTA: The Asian Development Bank (ADB) has approved a US$470mil results-based loan for state-owned electricity provider PLN to expedite Indonesia’s transition to renewable energy (RE).
The funding marks the first phase of the Accelerating Indonesia Clean Energy Transition Programme, which will support the development of solar photovoltaic and wind power projects, improve critical electricity grids in the Java-Madura-Bali, Sumatra and Sulawesi systems and enhance PLN’s capacity to manage Indonesia’s energy transition efforts.
