The World
Bank has agreed to lend US$300 million to state geothermal producer PT
Pertamina Geothermal Energy (PGE) to build two geothermal power plants in
Ulubelu, South Sumatera, and Lahendong, North Sulawesi.
The bank
said in a press statement sent to The Jakarta Post on Wednesday that the loan
package came from the International Bank for Reconstruction and Development and
Clean Technology Fund, with a contribution of $175 million and $125 million,
respectively.
“The World
Bank is pleased to be able to support Indonesia’s efforts to positively impact
global climate change. This important project is the first approved Clean
Technology Fund operation in the East Asia Region,” said Stefan Koeberle, World
Bank country director for Indonesia.
“We
appreciate the World Bank's support for PGE to contribute to efforts to utilize
clean energy in meeting Indonesia’s growing power demand," said Abadi
Poernomo, president director of PGE. "This assistance will contribute to
PGE's goal of becoming a world-class geothermal company."
Upon
completion of the project, by 2015, there will be approximate additions of 110
megawatts of electricity in Ulubelu and 40 megawatts in Lehendong. This will
displace an equivalent capacity of coal-based power generation, which will
reduce local and global environmental pollution.
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