February 08, 2012 -- Updated July 28, 2010 14:11 HKT
World Bank grants Indonesia US$600M to build power plant
The World Bank will grant Indonesia US$600M to build a hydro power plant called the Upper Cisokan with a capacity of 1,024 megawatt (MW), the Detikcom Online news quoted an official as saying Wednesday.
“The loan is worth US$600M from the World Bank that will be signed this year,” said Nasri Sebayang, director of planning and technology in the state power company Perusahaan Listrik Negara.
Sebayang said that the Upper Cisokan hydro power plant is scheduled to be finished in Y 2014.—Paul A. Ebeling, Jnr. www.livetradingnews.com
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