$275m to fund geothermal development in Indonesia

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Indonesia now provides a new fund for geothermal development. The fund amount to IDR 3.7 trillion (ca. USD 275 million), whereof IDR 3 trillion (81%) is prepared by the government and the rest (0.7 trillion) comes from the World Bank.

The Indonesia state owned infrastructure financing company, PT Sarana Multi Infrastruktur (SMI) is appointed by the government to manage the fund. It will be used for lending activities, equity par...