The Jakarta Post
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...