Subscribe to our newsletter and get the latest news and business opportunities in your inbox
The Indonesian state-owned Perusahaan Listrik Negara has secured US$380 million support through loan financing from a unit of the World Bank to develop the 1,040 MW Upper Cisokan pumped-storage hydropower plant project in West Java.
The loan agreement with a 24.5-year tenor was signed with the Finance Ministry and the International Bank for Reconstruction and Development (IBRD).
The total project is estimated to cost about US$610 million.
