Monday, May 21, 2018

Indonesia: World Bank and IFC Support Geothermal Energy Development

Indonesia: Tapping Geothermal for Greener Growth (World Bank)

The World Bank is supporting the development of a credit facility that will channel $650 million in finance into geothermal exploration drilling, through a combination of IBRD lending, concessional finance, and funding from the Indonesian government.

IFC is collaborating with the World Bank to identify the concerns of potential private sector investors in the sector and is developing a complementary facility to fund downstream activities.

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