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Jakarta Post

ADB to fund Lahendong IV geothermal

  • Benget Besalicto Tnb.

    The Jakarta Post

Jakarta   /   Wed, October 28 2009   /  09:00 am

The Asian Development Bank (ADB) will finance the construction of the Lahendong IV geothermal power plant in Tomohon, North Sulawesi, to meet local power shortages.“We’ve agreed to provide a loan of US$40 million, which is 90 percent of the total construction
cost of the geothermal power plant. Its construction will start next year and is expected to have a generating capacity of 20 megawatts (MW),” said Ayun Sundari, the director of ADB’s external relations, here on Tuesday.Previously, ADB had given a loan of $30 million to finance the construction of the 20 MW
Lahendong II geothermal power plant in the same area which was started in 2004 and completed in June 2007. Lahendong I and III, which each has a generating capacity of 20 MW, were funded by France and Japan.She said that the geothermal funding was part of ADB’s program to help the development of renewable energy...