This project is set to be the largest single contract geothermal power plant in the world. Once the plant is operational it will deliver more than 320 MW of clean, sustainable and reliable electricity to the Indonesian market. It is expected to reduce the carbon dioxide emissions by 1.3 million tonnes a year. The project is planned to be completed in 2018.
“For ING Bank this deal is a sound example of ING’s support of clients who invest in electricity generation projects that contribute to a lower carbon economy,” explains Leo van Stijn, global head Utilities-Power & Renewables at ING Structured Finance. “In the past few years there has been a shift in ING’s portfolio of power plant financing towards more renewable energy projects.”
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