Germany to invest in hydro power project in Indonesia

German Ambassador to Indonesia Georg Witschel said his country will invest EUR 175 million (US$220 million) in hydro power projects in Indonesia.

“Germany has just committed EUR 175 million in the form of a preferential loan for Indonesias sustainable Hydropower Program,” Georg stated during a press conference here on Thursday.

He added that the embassy sent an official note to the Development Planning Board (Bappenas) regarding the loan on Wednesday, Oct 29.

An agreement, according to Georg, had been reached during a government to government meeting held in Jakarta on November 14, 2013.

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Posted October 31, 2014 by repit in News

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