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ADB and JBIC Fund Indonesia's Geothermal Power Plant Project

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The Asia Development Bank (ADB) and the Japan Bank for International Cooperation (JBIC) funded a geothermal power plant project in Indonesia, a private news portaldetikcom quoted an official as saying on Wednesday.

The power plant would secure electricity supply to North Sulawesi Province ahead of the World Ocean Conference in May 2009.

The President Director of PT Rekayasa Industri (Rekin) Triharyo Soesilo told the news portal that ADB provided US$28 million while JBIC funded 36 million dollars to the project, namely PLTP Lahendong.

"On Wednesday afternoon, the Indonesian Energy Minister inaugurated the project," he said.

PT Rekin, Sumitomo Corp and the state-owned power company PT PLN worked on the project while PT Pertamina Geothermal Energy provided the energy.

"The project will help the province to welcome guests world widein the 2009 World Ocean Conference event," he said.

The World Ocean Conference, to be held from May 11 to 14 in Manado, North Sulawesi, would discuss oceans in relation to climate change.

(Xinhua News Agency April 16, 2009)

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