$500M loan approved for $1.45B electrification program in Sumatra
Indonesia, Jakarta: Indonesia’s state-run utility PLN will receive a $500 million loan from the World Bank aimed to support implementation of the electrification program which will bring electricity to parts of Sumatra which are yet to be connected to the national grid.
Indonesia, Jakarta: Indonesia’s state-run utility PLN will receive a $500 million loan from the World Bank aimed to support implementation of the electrification program which will bring electricity to parts of Sumatra which are yet to be connected to the national grid.
The program, which will complement existing power generation investments in Sumatra, involves addition of 28,300 transformers and 40,000 kilometres of power lines, reports Jakarta Globe.
According to the World Bank, the total cost of improving access to electricity in Sumatra stands at $1.45 billion but funding will not only come from the bank.
In Indonesia, 39 million people still do not have proper access to electricity, 9 million of whom live in Sumatra.
Source: Jakarta Globe
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