ADB Proposes New Loan Scheme for PLN

The Asian Development Bank has prepared a new loan scheme for Indonesian electricity monopoly PLN to help fund a transmission project in Sumatra, an official said on Thursday.

The new scheme, a result-based loan, will see the money disbursed gradually and in line with the progress made in the project. The Manila-based ADB has for years also provided conventional loans for project financing and program-based lending for general development purposes and financial inclusiveness.

“Result-based lending will add more speed to [infrastructure] development,” Bambang Susantono, the ADB’s vice president, told reporters in Jakarta.

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Posted September 4, 2015 by repit in News

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