JBIC Earmarks USD230M for Indonesia Power Utility

The Japan Bank for International Cooperation has earmarked a USD230 million loan for Indonesian state power utility PT PLN, according to the

. The loan will be used to help construct a new hydropower plant in the North Sumatra province.

About the author

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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.