World Bank Approves Indonesia Loan, Funding for Clean Energy and Health
The World Bank said on Tuesday it had approved a $1.14 billion project to expand access to cleaner electricity in Indonesia, for which it will provide $500 million in financial support, and $600 million toward a project to improve childhood nutrition.
The electricity project will connect about 2 million people to the electrical grid in eastern Indonesia, increase solar power investment and help Indonesia’s state utility Perusahaan Listrik Negara (PLN) improve its capacity to manage energy transition, the World Bank said in a statement.
Photo courtesy of Asian Development Bank.
Source: Reuters (link opens in a new window)
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