ADB Approves $500 Million Loan for Indonesia's Clean Energy Transition

The Asian Development Bank has approved a $500 million policy-based loan aimed at aiding Indonesia's clean energy transition. The program seeks to establish a strong policy and regulatory foundation, enhance governance, and ensure financial sustainability in the energy sector.

The Asian Development Bank (ADB) has approved a $500 million policy-based loan to support Indonesia's efforts in transitioning to clean energy, according to a statement released on Friday.

The ADB highlighted that the program will focus on establishing a robust policy and regulatory framework for the clean energy transition. It will also aim to strengthen sector governance and financial sustainability.

This initiative is part of a broader strategy to help Indonesia meet its energy transition goals while promoting sustainable development.

(With inputs from agencies.)