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Jakarta Post

AIIB to approve $500m loan for PLN power transmission improvement

  • Prima Wirayani and Norman Harsono

    The Jakarta Post

Jakarta   /   Fri, August 30, 2019   /  03:24 pm
The Jakarta Post Image
Fix it fast: Several technicians of state-owned electricity company PLN replace a damaged isolator in Jakarta.(The Jakarta Post/Dhoni Setiawan)

Beijing-based multilateral development lender Asian Infrastructure Investment Bank (AIIB) is set to approve a government loan proposal for the improvement of the country’s electricity distribution. The US$500 million loan will go to the Indonesia PLN East Java and Bali Power Distribution Strengthening Project and be channeled to state-owned electricity giant PT PLN. “The project will probably be approved by the bank’s board in September,” said AIIB vice president and chief administration officer Luky Eko Wuryanto. “It’s really subject to the board’s approval.” The core of the project, he went on to say, is to strengthen power transmission across Java, particularly in its eastern part, where the output capacity is the most reliable compared to other regions. A summary of the projects states that it will contribute to PLN’s ...