Innovative ADB Loan to Help Unlock Indonesia’s Clean Energy Potential

The Asian Development Bank (ADB) will provide a loan of up to $50 million, supported by the Clean Technology Fund, to share risks with the private sector during the project development and exploration phase of the Rantau Dedap geothermal project in Indonesia.

“This innovative loan demonstrates the depth of ADB support for deploying clean energy technologies that can significantly displace coal and oil-fired power,” said Lazeena Rahman, Investment Specialist in ADB’s Private Sector Operations Department. “In addition, it will help unlock Indonesia’s geothermal potential by bridging a key financing gap in the market.”

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Posted July 24, 2014 by repit in News

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