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View all search resultsKfW disburses Rp 90b for geothermal in Aceh
JAKARTA: German development bank KfW has disbursed a total of Rp 90 billion or ¤7
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J
AKARTA: German development bank KfW has disbursed a total of Rp 90 billion or ¤7.72 million (US$10.3 million) in grants to Indonesia to finance geothermal exploration activities in Aceh.
Indonesia’s Finance Ministry debt management director general Rahmat Waluyanto said Tuesday the activities were part of the government’s target to develop geothermal power plants with a total capacity of 12,000 megawatts across the country.
“Indonesia needs ¤18.7 million to construct a geothermal power plant in the area [Aceh],” Rahmat said.
He added that the Aceh administration would allocate Rp 2.5 billion for the same project, and that the remaining funds needed were expected to be covered by a company's winning bid on the project.
Rahmat said the project was also part of Indonesia and Germany’s partnership in tackling climate change. — JP
