The World Bank said Friday it will extend Indonesia a US$55.25 million grant to facilitate geothermal energy power plant development in the country, which aims to become the world's biggest geothermal producer.
The bank said in a statement that the grant will support Indonesia's Geothermal Energy Upstream Development Project and will mostly be used to fund infrastructure development and drilling exploration.
Production capacity is targeted to increase in stages from the current 1.6 GW to 7.2 GW by 2025, according to the Ministry of Energy and Mineral Resources.