ADB approves 470 mln USD loan to boost Indonesia's clean energy transition

MANILA, Nov. 19 (Xinhua) -- The Asian Development Bank (ADB) announced on Wednesday that it has approved a 470-million U.S. dollar results-based loan to Indonesia's state-owned utility, PT Perusahaan Listrik Negara (PLN), to speed up the country's shift to renewable energy and support its low-carbon growth goals.

The bank said the Accelerating Indonesia's Clean Energy Transition Program-Phase 1 will help develop