The Asian Development Bank (ADB) has granted a $500 million loan to support Indonesia's energy sector reforms to increase fiscal sustainability and governance, grow private sector investments in clean and renewable energy, and foster green recovery from the COVID-19 pandemic.
ADB will also manage a US$15 million loan for the ASEAN Infrastructure Fund's Sustainable and Inclusive Energy Program's third subprogram. The project will be co-financed by the German Development Cooperation, through KfW, and the Economic Development Cooperation Fund.
The subprogram builds on two preceding subprograms supporting Indonesian energy sector reforms from 2014 to 2017 and corresponds with ADB's Strategy 2030 operational priorities.
Country updates
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November 18, 2022
Agreement signed for 210 MW Solar PV complex in Indonesia
The PT PLN (Persero) has announced that it has signed an agreement with Amazon for the development of solar PV projects to be located in Bali and Java on the Java-Madura-Bali grid, Ind...
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November 02, 2022
ACWA to develop 110 MW of Indonesian floating solar projects
ACWA Power has signed an agreement with PT Perusahaan Listrik Negara (PLN) to develop and co-own 110 MW of floating solar projects in Indonesia. ACWA Power will install 60 MW Saguling and 50 MW Singk...
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August 19, 2022
BP seeks FEED contractor for CSS works at Tangguh liquefied pure fuel project in Indonesia
British Petroleum (BP) has launched a pre-qualification tender notice seeking an onshore front-end engineering and design (FEED) provider for its carbon seize and storage (CCS) mission at the Tangguh...
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May 06, 2022
Sumitomo to raise stake in 80 MW Muara Laboh geothermal project in West Sumatra
Sumitomo Corporation has entered into an agreement to acquire 15% of equity stake in the Muara Laboh Geothermal Power Project held by ENGIE. In accordance with this agreement, Sumitomo Corporation&rsq...
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March 30, 2022
Solar Philippines, Medco Energie sign PPA for 50 MW solar project in Bali
Solar Philippines (SP) and its joint venture partner Medco Energi Inc. have signed a power purchase agreement (PPA) with PT Perusahaan Listrik Negara (PLN), Indonesia's state-owned power provider, for...
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