SINGAPORE (Reuters) – The Asian Development Bank (ADB) has approved a $600 mln results-based loan for Indonesian state utility Perusahaan Listrik Negara (PLN), the ADB said in a statement on Monday.
The loan is to “improve the reliability and resiliency of electricity services” and promote clean energy use in West and Central Java, the statement said.
(Reporting by Fathin Ungku; Editing by Martin Petty)
