Power Group Online Article |  | |
20 December 2002 - The Asian Development Bank said on Friday it would provide over $300m in loans and grants for Indonesia's energy sector.
For Indonesia, ADB said it would lend $140m to help create a new competitive electricity market in Java and Bali and reduce transmission bottlenecks.
ADB also approved a $161 million loan to expand Indonesia's renewable energy generation capacity to bring more reliable and cleaner power to remote regions.
It will also administer a technical assistance grant of $800 000 from its Danish co-operation fund to pilot a scheme which would allow 10 000 low-income families in outer islands in Indonesia to defer the start-up costs of connections.
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