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- World Bank Approves Investments to Boost Indonesia’s Economic Growth . . .
This energy program is also the first to pilot the World Bank's step-up loan product, whose financing structure offers Indonesia favorable interest rates for nine years with built-in incentives to attract private capital over time
- Indonesia Sustainable Least-cost Electrification-2 (ISLE-2) Operation
The ISLE-2 Project, financed by a US$10 million GCF grant and US$3 million ESMAP grant, will include: (i) Generation Plans with VRE Integration and Capacity Building (technical): supporting the purchase of software licenses for an energy generation planning To increase access to sustainable electricity in the Kalimantan and Sumatra Regions 1
- World Bank Commits $2. 1 Billion in New Financing to Support Indonesia’s . . .
The ISLE-2 program marks the debut of the World Bank’s step-up loan product, offering Indonesia preferential rates over nine years This structure includes incentives for refinancing and private capital mobilization, reinforcing the Bank’s Originate to Distribute model aimed at de-risking early investments
- Indonesia Secures $2. 1 Billion World Bank Package to Advance Clean . . .
The ISLE-2 project also pilots the World Bank’s new “step-up loan” structure, offering concessional interest rates over a nine-year period and allowing refinancing post-implementation to mobilise private capital further
- World Bank Approves USD 2. 13 Billion Financing Package for Indonesia . . .
“This energy program is also the first to pilot the World Bank's step-up loan product, whose financing structure offers Indonesia favorable interest rates for nine years with built-in incentives to attract private capital over time,” the Bank stated
- World Bank Document
PLN’s Indonesia Sustainable Least-cost Electrification (ISLE) Framework is divided in three phases: (i) Framework Development – developed under the energy sector programmatic technical assistance [P173293] financed by the Energy Sector Management Assistance Program (ESMAP), (ii) Preparation of Investments – financed by a US$ 2 15 million
- World Bank approves $2. 13 billion Indonesia investment package
The World Bank approved a $2 13 billion investment package for Indonesia to boost economic growth and expand clean energy access across the country The funding, announced on June 16, pilots WB’s new step-up loan product, and is marked as the first one backing Indonesia’s goal to reach high-income status by 2045, according to a World Bank
- World Bank Approves $2. 1B Package to Boost Jobs, Clean Energy in . . .
ISLE-2 is also notable for piloting the World Bank’s new “step-up” loan product, which offers reduced interest rates for nine years and incentives for refinancing after project completion
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