WB grants $17m for ozone projects<\/p>\n
JAKARTA (JP): The World Bank has agreed to provide US$17
\nmillion in grants to 18 Indonesian companies for the protection
\nof the ozone layer.<\/p>\n
Benjamin Fisher, head of the World Bank's unit for social and
\nenvironmental impact, was quoted by the Antara news agency as
\nsaying yesterday that the agreement, which was signed in
\nWashington D.C. on Nov. 10, 1994, is part of the bank's $90
\nmillion Montreal Protocol loan to 12 developing countries.<\/p>\n
Under the agreement, the companies will be required to replace
\nozone-destroying techniques and materials, such as CFCs, with
\nmore environmentally-friendly methods. CFCs are still widely used
\nin Indonesia.<\/p>\n
Following the signing of a memorandum of agreement between the
\nMinistry of Environment and Bank Uppindo on the implementation of
\nthe ozone project, Fisher explained that the grant would be used
\nfor the development of sub-projects, investments, and technical
\nassistance.<\/p>\n
PT Sucofindo, a national consultant company, will draft the
\nproposals for the sub-projects and Bank Uppindo will be
\nresponsible for the management of the grant, including its
\ndistribution to the 18 companies.<\/p>\n
Fisher said Bank Uppindo would receive $50,000 worth of
\ntechnical assistance to do their job, which will include
\nmonitoring the project's implementation.<\/p>\n
The Ministry of Environment, he said, would receive $50,000
\nfor promotion, project selection and to conduct workshops
\nintroducing ozone-friendly technologies.<\/p>\n
According to Aca Sugandhi, an assistant to the state minister
\nof environment, the 18 companies were selected by the National
\nDevelopment and Planning Board (Bappenas), the ministries of
\nfinance, industry, trade and foreign affairs, under the
\ncoordination of the Ministry of Environment.(pwn)<\/p>",
"url": "https:\/\/jawawa.id\/newsitem\/wb-grants-17m-for-ozone-projects-1447893297",
"image": ""
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"sponsor": "Okusi Associates",
"sponsor_url": "https:\/\/okusiassociates.com"
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