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The $1.6bn project is being jointly developed with Thailand´s Gulf Energy Development, and has been backed by a consortium of 16 lenders.
Indonesia
The development bank hopes the loan will catalyse private capital into the country’s infrastructure sector which faces a gap in excess of $70bn per year.
ESG
The credit portfolio, which is targeting total returns of 5-7 percent, aims to boost awareness of environmental, social and governance issues in emerging Asian markets.
The 216MW run-of-river project, expected to increase power supplies by a third, had to be redesigned after a 2015 earthquake destroyed early construction works.
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