Indonesia Wins World Bank Aid for Energy, Infrastructure Development

The World Bank has approved two loans worth a total of $890 million for the construction of new power plant and rehabilitation of roads and bridges in Indonesia.

The international lender announced Thursday (May 26) that is providing $640 million to support the Upper Cisokan Pumped Storage Hydropower Project, which is expected to help make Indonesia’s electricity supply more affordable, reliable and environmentally sustainable.

The World Bank also approved a $250 million loan to help Indonesia rehabilitate more than 700 kilometers of roads and 200 meters of bridges under the Western Indonesia National Roads Improvement initiative. This project aims to improve the pace and reduce the cost of trade within the country as well as boost people’s access to markets and jobs in urban areas.

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    Ivy Mungcal

    As former senior staff writer, Ivy Mungcal contributed to several Devex publications. Her focus is on breaking news, and in particular on global aid reform and trends in the United States, Europe, the Caribbean, and the Americas. Before joining Devex in 2009, Ivy produced specialized content for U.S. and U.K.-based business websites.