World Bank to Lend $300 Million for Geothermal Plants

The World Bank will provide $300 million in loans to help expand the power capacity of two geothermal projects on Indonesia’s Sumatra and Sulawesi islands, the bank said in an e-mailed statement today.
The loans will be used to boost the combined capacity of geothermal projects in the provinces of South Sumatra and North Sulawesi by as much as 150 megawatts by 2015, the statement said. The bank will be working with PT Pertamina Geothermal Energy, a unit of Indonesia’s state oil company PT Pertamina, it said.

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