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The money will come from the State Investment Agency (PIP), which has been tasked with funding major infrastructure projects.
Soritaon Siregar, the chairman of the PIP, said on Wednesday that the agency would provide loans of Rp 2 trillion to companies to build geothermal power plants and another Rp 1.4 trillion to firms building micro-hydropower plants.
“We will sign three power projects in the immediate term,” Saritaon said in Jakarta after the signing of a memorandum of understanding with state utility company Perusahaan Listrik Negara on Wednesday.
