ADB announces first drawdown of funds for Jawa-1 project

The Asian Development Bank (ADB) announced the first drawdown of funds under a financing package totalling over $305 million in Jawa-1, Indonesia’s largest combined cycle gas turbine (CCGT) power plant. The financing package comprises a direct loan of $185 million and a parallel loan of $120 million provided by the Leading Asia’s Private Infrastructure Fund, which is administered by ADB. The project includes a 1,760 MW CCGT power plant and ancillary infrastructure in Cilamaya, Karawang, in West Java. It is expected to help Indonesia avoid 1.77 million tonnes of carbon dioxide emissions.

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