The $400 million plan, endorsed by the Trust Fund Committee of the Clean Technology Fund (CTF), will help transform Indonesia's use of renewable energy and ultimately support the government to meet its long-term goal of reducing greenhouse gas emissions by 26% in 2020.
The plan will use to expand, nearly double, Indonesia’s geothermal power capacity and to accelerate initiatives to promote energy efficiency and renewable energy.
"The greater availability of power supplies will help the Government of Indonesia reach its objective of providing electricity access from the present 65% of the population to 90% by 2020," said Asian Development Bank Vice-President for Knowledge Management and Sustainable Development Ursula Schaefer-Preuss. "Through the utilization of a cleaner fuel source, geothermal development will also result in better health benefits and more energy access for poor people."
Indonesia is the fourth Asian country to have a CTF-funded investment plan for the deployment of low-carbon technologies endorsed by governments – following in the footsteps of the Philippines, Thailand and Viet Nam.
Read the full article in World bank
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