• by Aurora Project Group
  • onJune 1, 2020
  • 0 Comments

ADB Approves $300 Million Loan to Increase Indonesia’s Geothermal Electricity Generation

The Asian Development Bank (ADB) has approved a $300 million loan to help PT Geo Dipa Energi (GDE), an Indonesian state-owned company, expand its geothermal power generation capacity by 110 megawatts in Java, the country’s largest electricity grid and a challenging market for the development of renewable energy. ADB will also manage a $35 million loan from the Clean Technology Fund for the project.

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