Indonesian Power Scheme, Cambodian Financial Program Attract ADB Financing

The Asian Development Bank is offering USD500 million to support the second-phase construction of Indonesia's geothermal power plants, according to Antara. The sum will be used to build steam, thermal and geothermal power plants. The bank is also ready to extend an additional USD100 million to upgrade the transmission cables of the Java-Bali grid.

Cambodia has also secured a USD10 million ADB loan to improve its financial system. "The ongoing program builds on earlier actions to improve the legal and regulatory environment, to boost sector capacity, to improve disclosure standards and financial transparency, and to build up infrastructure," Samiuela Tukuafu, ADB senior financial sector specialist, told RTTNews.

About the author

  • Ma. Rizza Leonzon

    As a former staff writer, Rizza focused mainly on business coverage, including key donors such as the Asian Development Bank and AusAID.