Approved financing package worth US$ 225 million has been setup to assist Indonesia to meet its growing electricity demand. This financing also provided to make electricity supplies in Java and south-central Sumatra more rialiable. It is expected that the projets will benefit over 56 million people in Java and Sumatra as well as supporting economic growth over the medium to long term.
According to Chris Hoban, Acting Country Director for the World Bank in Indonesia, “A reliable and sustainable supply of electricity is essential for Indonesia to realize its potential as a large middle-income economic power. At present however, Indonesia’s economy is growing at a pace that exceeds its ability to provide electricity. To keep up with demand, electrification rates would need to grow at a rate of around seven percent per year.”
Related terms- indonesia electricity, electricity indonesia, indonesia electricity demand, Electricity in Indonesia