Asian Development Bank Approves $600 Million Loan To Help PLN Improve Electricity Services in Java Island
The Asian Development Bank (ADB) has approved a $600 million results-based loan to help state-owned power company Perusahaan Listrik Negara (PLN) improve the reliability and resiliency of electricity services in the western and central regions of Java island and promote the use of clean energy.
The Sustainable and Reliable Energy Access Program will rehabilitate, strengthen, and expand PLN’s power grid and promote clean energy use. It will improve PLN’s waste and asset management, procurement, and community education. The program will benefit five provinces in the area, home to about 112 million people: Banten, Central Java, Jakarta Special Capital Region, West Java, and Yogyakarta Special Region.
Source: Devdiscource (link opens in a new window)