Indonesia Wins USD600M World Bank Loan for Power Plant

The World Bank will provide USD600 million loan to build a hydropower plant in Indonesia. Photo by: Trevor / CC BY-SA TrevorCC BY-SA

The World Bank will provide a USD600 million loan to build the Upper Cisokan hydropower plant, according to Nasri Sebayang, director of planning and technology with state power company Perusahaan Listrik Negara. The plant, with a capacity of 1,024 megawatts, is expected to be operational in 2014, Xinhua News reports.

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    Chiden Balmes

    Chiden, a correspondent based in Seoul, focuses on computer-assisted reporting to provide international development professionals with practical business and career information. He also contributes to the Development Newswire and the Global Development Briefing, two of the world's highest-circulation development publications.