ADB may lend $140m to KL, RI<\/p>\n
Grace Nirang, Bloomberg\/Jakarta<\/p>\n
The Asian Development Bank may lend US$140 million to Malaysia
\nand Indonesia for the construction of electricity transmission
\ngrids linking the two countries, said an official of Indonesian
\nstate utility PT Perusahaan Listrik Negara.<\/p>\n
The Manila-based bank wants to fund electricity grids linking
\nIndonesia's Sumatra island with Peninsular Malaysia, and
\nIndonesia's West Kalimantan province with Malaysia's Sarawak
\nstate, said Eddie Widiono, Perusahaan Listrik's president
\ndirector. The loan agreement may be signed next month, he said.<\/p>\n
\"The Sumatra-Peninsular Malaysia grid will cost about $100
\nmillion, while the Kalimantan-Sarawak one needs about $40
\nmillion,\" Eddie told reporters in Gandul, a district south of
\nIndonesia's capital Jakarta.<\/p>\n
The two grids are part of a plan by Southeast Asian nations to
\nlink 14 electricity transmission grids in the region to reduce
\nthe need to build more power plants. The lines will allow the
\ncountries to tap power from each other as they have different
\nperiods of peak demand.<\/p>\n
So far, only two of the 14 proposed transmission links have
\nbeen built, linking Peninsular Malaysia with Singapore and
\nMalaysia with Thailand.<\/p>\n
Southeast Asian nations would save $2.5 billion from 2008 to
\n2020 by building the grid as it would allow sharing of power
\ninstead of building new plants, Eddie said.<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/adb-may-lend-140m-to-kl-ri-1447893297",
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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