KfW, ADB and World Bank fund clean energy in Indonesia

Tuesday, 19 November 2024

Germany's state financing body KfW has agreed a $200 million loan with Indonesia on the grounds of adjustments to fuel and electricity tariffs, e.g. higher tariff-cost-coverage, feed-in tariffs and standards for demand-side response, board member Dr Norbert Kloppenburg said. In parallel, the Asian Development Bank (ADB) and the World Bank are granting loans of $500 million each in a first tranche, while the French counterpart AfD plans a contribution of $150 million.


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Last modified on Tuesday, 19 November 2024 09:05