Germany’s KfW to offer $2.25bn loan to Indonesian clean energy projects

German development bank KfW will provide €2bn ($2.25bn) loans for the development of new and renewable energy resources in Indonesia.

The move forms a part of an agreement signed between Indonesia and Germany in 2013 for bilateral cooperation on climate change and energy, Jakarta Post reported citing KfW Office Jakarta senior sector coordinator Christoph Twerenbold.

The loan amount will be given to state-funded projects including small and big hydro power plant projects, geothermal, solar power and electricity network transmission over the next five years.

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Posted September 4, 2015 by repit in News

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