Indonesia secures $500m ADB loan for power sector upgrades

Asian Development Bank (ADB) has given a $500m loan to Indonesia in order to help diversify its power mix and support upgrade initiatives across its energy sector.

In a statement, ADB said that the financing is inclusive of a $100m allotment from the ADB-administered ASEAN Infrastructure Fund, which is expected to ‘support the government’s reform agenda, and unleash the sector’s potential as a key engine of sustainable economic growth.’

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Posted October 6, 2015 by repit in News

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