KfW, ADB and World Bank fund clean energy in Indonesia
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.
Finnish owner of crisis-hit German utility Uniper calls on Berlin to step up and protect its own power providers
Fortum, the Finnish energy and power company with European Union-wide operations and with plans to give Finland its first floating LNG import terminal, is the majority shareholder in the troubled German utility Uniper but has refused to put any more cash into the Duesseldorf-based company.
German LNG Terminal GmbH welcomes Berlin minister’s decision to accord planning for LNG infrastructure
German LNG Terminal GmbH, the developer of the Brunsbüttel import terminal on the Elbe River south of Hamburg, welcomed the planning status accorded by the Federal Minister for Economic Affairs and Climate Action Robert Habeck for the development of energy import infrastructure across northern Germany.
Brunsbüttel LNG project has been put on fast track and agency of German government will be a shareholder
Royal Vopak, the Netherlands-based global storage company with four stakes in liquefied natural gas terminals and a new LNG import project for Hong Kong, said the German Federal Government would be replacing Vopak as a shareholder in the proposed German LNG terminal at Brunsbüttel on the Elbe River.
